Secretary General of Saudi Export Development Authority (Saudi Exports) Faisal Al-Bedah has revealed that more than 850 companies have applied to join the ‘Made in Saudi’ program. The program was recently launched by Minister of Industry and Mineral Resources Bandar Al-Khorayef, who is also the chairman of the Board of Directors of Saudi Exports, under […]
Tech Mahindra and Netherlands-based Quantoz – an innovative blockchain technology application incubator are set to launch ‘Stablecoin-As-A-Service’ blockchain solution for global banks and financial institutions. The usage of stablecoins as a payment mechanism has significant potential to reduce transaction costs and processing time, while providing auditability and enhanced security. The collaboration is in consideration of […]
Saudi Arabia ranked second world-wide in the Global Ipsos Consumer Confidence Index for March 2021, which measures the current and future status of 23 global markets. Saudi Arabia scored 61.4 points in the Ipsos consumer confidence index, which is 15.7 points higher than the global average of 45.7 points. The kingdom was ranked after China […]
Etisalat has made history by emerging as the strongest brand across all categories in Middle East and Africa (MEA) region. This feat puts Etisalat among the top 25 brands globally in the strongest brands index by Brand Finance, an independent brand valuation and strategy consultancy. With this ranking from Brand Finance, Etisalat is now among […]
Apple has announced the introduction of the updated Find My app, which will now allow third-party products to use finding capabilities of the Find My network, all adhering to the company’s strict standards on security, reliability and privacy. The iPhone maker’s Find My app has become an integral part of its ecosystem, virtually tying together […]
McLaren Automotive, the British creator of luxury, high-performance supercars, has announced the appointment of Mohamed Fawzi, as Market Director for Middle East and Africa. With more than two decades of automotive experience, Mohamed will be spearheading the company’s local operations from the brand’s Regional Office, based in the Kingdom of Bahrain. Mohamed’s professional background includes […]
Network International, the leading enabler of digital commerce across the Middle East and Africa (MEA), has announced the appointment of Ahmed Bin Tarraf as Regional President – UAE. In his new role, Ahmed will be responsible for all aspects of Network’s acquiring and issuing business in the UAE, and for developing and implementing a comprehensive […]
Riyadh-based fintech firm Lendo has raised $7.2 million to develop new technologies and financial products, as it plans to triple its revenue this year. Launched last year Lendo offers instant invoice financing to small and medium enterprises (SMEs) through its Shariah-compliant lending platform. The offering helps SMEs manage their immediate cash flow. Invoice financing is […]
Uber’s long-term partnership with Mastercard continues to grow with a new strategic initiative focusing on digital payments and advancing financial inclusions which will be facilitated by Mastercard across the Middle East and Africa (MEA). As a regional first, the partnership with Mastercard will enable Uber to drive digitisation across their business operations, leveraging Mastercard’s single […]
SkipCash, a mobile payment technology company, providing innovative and contactless mobile payment solutions to provide a safe payment service for individuals as well as merchants. SkipCash is the innovation of Qatari entrepreneur Mohamed Abdulaziz Al-Delaimi. He devised a product to meet the local fintech sector requirements and fill in digital payments gaps, decreasing the dependency […]
