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Saudi Arabia

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FinTech

eToro and Centroid Continue Middle East Expansion with Local Products

  • eToro signed an agreement with the Abu Dhabi Securities Exchange to offer stocks listed on the exchange.
  • Centroid integrated Aljazira Capital to provide its clients with connectivity to the Saudi financial markets.
Monday, 09/12/2024 | 08:00 GMT by Arnab Shome
Institutional FX

HKEX Builds Middle East Presence with Riyadh Office Launch in 2025

  • The firm will add Riyadh to its network of offices in Beijing, London, New York, Shanghai, and Singapore.
  • The move follows HKEX’s recent collaboration with Saudi Tadawul and a Saudi-focused ETF launch.
Monday, 04/11/2024 | 09:29 GMT by Tareq Sikder
Retail FX

Centroid Solutions' Fintech Bridge to Saudi's $69B Asset Manager Goes Live

  • The company has completed integration with SNB Capital, Saudi Arabia's largest investment bank.
  • The partnership opens direct access to Saudi Arabia's $2.6 trillion stock market for global brokers.
Monday, 28/10/2024 | 08:21 GMT by Damian Chmiel
Payments

Mastercard Launches Local E-Commerce Payment Processing in Saudi Arabia

  • The infrastructure supports over 30 payment methods and includes fraud detection features.
  • In 2023, Mastercard Gateway processed over 950 million payments in Saudi Arabia.
Tuesday, 22/10/2024 | 16:52 GMT by Tareq Sikder
Retail FX

Interactive Brokers Teams Up with SNB Capital for Saudi Stock Trading

  • This partnership enables clients to diversify their portfolios by investing in Saudi equities, global stocks, ETFs, and other securities.
  • The Saudi stock market offers over 400 listed securities.
Wednesday, 09/10/2024 | 20:57 GMT by Jared Kirui
FinTech

Revolut Targets Gulf: Hiring Finance and Legal Experts for Dubai Office

  • The company has recently expanded into the UAE and is eyeing Saudi Arabia.
  • The firm opened an office in the UAE in 2022 and employs 140 staff.
Friday, 13/09/2024 | 16:30 GMT by Tareq Sikder
Payments

Mastercard Teams Up with Saudi Fintech barq for Digital Payment Services

  • barq will leverage Mastercard Gateway technology to provide faster, secure payments.
  • Earlier, barq partnered with TerraPay for money transfer both domestically and internationally
Friday, 06/09/2024 | 09:25 GMT by Tareq Sikder
Payments

TerraPay and barq Set the Stage for Swift and Secure Cross-Border Transfers

  • This collaboration leverages TerraPay's payments network and supports barq's expansion.
  • barq, authorized by the Saudi Central Bank, seeks to impact the fintech sector in Saudi Arabia.
Thursday, 16/05/2024 | 08:45 GMT by Tareq Sikder
FinTech

Mastercard Teams Up with SingleView for Data-Driven Innovation

  • The alliance aligns with Saudi Arabia's Vision 2030, driving digital transformation.
  • By combining Mastercard's tech prowess with SingleView's offerings, the partnership seeks to facilitate enterprises.
Wednesday, 01/05/2024 | 14:41 GMT by Tareq Sikder
FinTech

Mastercard and Loop Forge Alliance for Digital Payments in Saudi Arabia

  • Loop will enhance its offerings with Mastercard's technology and expertise.
  • Recently, Mastercard launched a global initiative to enhance opportunities for small business owners.
Thursday, 29/02/2024 | 09:13 GMT by Tareq Sikder
FinTech

Meet Tamara, Saudi Arabia's First Fintech Unicorn

  • The fintech raised $340 million, led by the Saudi sovereign fund.
  • Tamara's funding amidst a regional slowdown signals strong interest in its future IPO plans.
Tuesday, 19/12/2023 | 09:38 GMT by Damian Chmiel
FinTech

Saudi Arabia's Card Payments to Grow by 14% in 2023

  • The Kingdom's push for a cashless society is one of the factors driving card payments.
  • Card payments' value soared 30% in 2021 in Saudi Arabia.
Monday, 05/06/2023 | 15:15 GMT by Jared Kirui
Institutional FX

Saudi Arabia CMA Greenlights Regulations for Market Making

  • Saudi Arabia is betting on the continued development of its capital market.
  • The local stock exchange is 11th in the world in terms of capitalization.
Monday, 05/12/2022 | 08:39 GMT by Damian Chmiel
News

Tamara Secures $100 Million in Series B Funding Round

  • The round was led by Sanabil Investments.
  • Coatue, Shorooq Partners and Endeavor Catalyst also participated in the funding round.
Friday, 26/08/2022 | 10:57 GMT by Bilal Jafar
News

Survey Reveals a High Crypto Adoption Rate among Saudi Arabians

  • 76% of crypto investors have less than one year of experience in crypto investment.
  • The survey found that 63% of crypto investors are men.
Wednesday, 13/07/2022 | 17:23 GMT by Felipe Erazo
Thought Leaders

Saudi Arabia Looking to Achieve Sustainability Aims of Vision 2030

  • In order to achieve the goals, both industries and individuals will need to adapt.
Tuesday, 03/05/2022 | 15:08 GMT by FM
Regulation

Saudi Central Bank Warns Official Entities on Forex Trading

  • The advisory was signed by the Capital Market Authority and the Ministry of Commerce.
  • Entities have warned against the use of their official Twitter handles.
Friday, 22/04/2022 | 17:27 GMT by Felipe Erazo
CryptoCurrency

Survey Finds Majority of Saudis Aware, but Only a Few Invest in Crypto

  • Many Saudi residents invest in cryptocurrencies to diversify their portfolio.
  • Government initiatives help to promote crypto investing in Saudi Arabia.
Monday, 28/02/2022 | 16:00 GMT by Nicholas Otieno
Retail FX

Saham Holding Launches MetaTrader 5 Trading Platform on the Saudi Stock Exchange

  • Saham Holding has begun serving its clients with MetaTrader 5 chats.
  • The fintech wants to enable its customers to access popular global financial instruments.
Friday, 11/02/2022 | 07:48 GMT by Nicholas Otieno
News

Saudi Fintech Sector Attracted $347 Million in the Last 12 Months

  • The number of active fintech companies has increased by 37% during the same period.
Monday, 25/10/2021 | 16:42 GMT by Bilal Jafar
Executive Moves

Morgan Stanley Banker Motaz Alangari to Join Banque Saudi Fransi

  • Both parties have not addressed the executive move publicly as of press time.
Thursday, 14/10/2021 | 18:03 GMT by Felipe Erazo
News

Saudi Arabia Inches Closer to Officially Launch Digital Currency with UAE

  • SAMA and the central bank of the UAE jointly published a report to show key benefits of a CBDC.
Monday, 30/11/2020 | 08:43 GMT by Bilal Jafar
Regulation

BNY Mellon Secures Custody Licence from Saudi Arabia’s CMA

  • BNY Mellon Saudi Financial Company has been authorised to conduct Custody activities in the securities business.
Monday, 20/07/2020 | 06:46 GMT by Celeste Skinner
FinTech

Saudi Arabia's Central Bank Injects Liquidity in Local Banks via Blockchain

  • The blockchain deployment is part of  SAMA’s efforts to explore emerging technologies
Monday, 08/06/2020 | 14:08 GMT by Finance Magnates Staff
News

MoneyGram Enters Saudi Arabia with Local Bank Partnership

  • The country is the second-largest outbound remittance market.
Friday, 05/06/2020 | 07:09 GMT by Arnab Shome
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