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  • Middle East Fintech Flourishes with US$2 billion Investment Wave

    This boom can be attributed to the growing tech-savviness of consumers who are enthusiastically embracing digital banking services and non-cash payment methods. The steadfast commitment of Middle Eastern government authorities, including central banks and regulators, has also been instrumental in nurturing the fintech sector. These forward- looking institutions have facilitated the establishment of vital infrastructure, such as accelerators, incubators, and fintech hubs, providing a fertile ground for fintech innovation to flourish.

  • Middle East Fintech Flourishes with US$2 billion Investment Wave

    A recent report based on fintech research conducted by red_mad_robot has unveiled a remarkable surge in the Middle East’s fintech industry, signalling unprecedented growth and lucrative investment prospects. Over the span of the last three years [2021-2023], fintech startups in the Middle East have impressively secured a staggering US$2 billion in funding through an tally of 140-160 deals. The lion’s share of this investment, accounting for 40-43 percent, has been captured by the United Arab Emirates [UAE].

  • Saudi Arabia Aims Higher By Launching Sports Investment Fund

    Saudi Arabia’s Public Investment Fund is taking the next step toward becoming an even bigger player in the business of sports. The PIF announced the formation and launch of SRJ Sports Investments, a sports investment company that aims to accelerate the growth of the sector in Saudi Arabia and MENA. Reports of the PIF’s plan for a multibillion-dollar sports-focused entity emerged last month in the wake of Saudi Arabia’s bombshell agreement with the PGA Tour. Beyond LIV Golf, the PIF also has investments in Newcastle United, Formula 1, and its domestic soccer competition, the Saudi Pro League.

  • Saudi’s PIF launches tourism investment company

    Saudi Arabia‘s Public Investment Fund (PIF) has launched a tourism investment company called Asfar to support the growth of the kingdom’s tourism sector.

  • Saudi Arabian Public Investment Fund says assets surpasses 2.23 trillion riyals in 2022

    Saudi Arabia's Public Investment Fund on Sunday released its annual report for 2022, which said its assets under management (AUM) surpassed 2.23 trillion riyals ($594.43 billion). The kingdom's sovereign wealth fund reported an AUM of 1.98 trillion riyals for 2021. The PIF said it generated a total shareholders' return of 8% and established 25 companies in 2022, and locally deployed 120 billion riyals in that year in strategic sectors. The PIF said 23% of its AUM were international investments, while 68% were local investments and the remainder were treasury.

  • Why Saudi football investments are about much more than just big name transfers

    Richard’s One Big Thing this week a big update on the investments and news in Saudi Arabia’s professional football league, the Saudi Pro League, and why headline-grabbing player transfers are just part of the equation for Saudi Arabia.

  • Why Saudi football investments are about much more than just big name transfers

    Brazil midfielder #fabinho has joined #alittihad from #liverpoolfc on a three-year deal, the #saudi club announced on Monday. That's the latest big name transfer to go to Saudi Arabia in an eventful offseason that has seen the Saudi Pro League rise as a global contender for talent in football.

  • Saudi Arabia’s Sovereign Wealth Fund Sets up Tourism Investment Company

    The company will help the private sector by partnering on investments and by creating an attractive environment for local suppliers, contractors, and small and medium-sized enterprises to develop tourism projects and destinations.

  • Al-Falih highlights Saudi investment interest in Brazil

    Green energy and food security are two of the main sectors in which Saudi Arabia is interested in investing in Brazil, the Kingdom’s investment minister said on Monday. Khalid Al-Falih, who was speaking at the Brazil-Saudi Arabia Investment Forum at the Federation of Industries of the State of Sao Paulo, also cited the financial, automotive, agricultural, transport and logistics, infrastructure, ecotourism and entertainment sectors as other areas of interest.

  • Saudi Arabia’s sovereign wealth fund eyes investments worth $5bln in Oman

    Saudi Arabia’s Public Investment Fund (PIF) said that it has signed a Memorandum of Understanding (MoU) with the Oman Investment Authority (OIA) and plans investments worth $5bn in Oman. The MoU signed is intended to expand cooperation and investment between the two entities, enabling new and promising investments in Oman’s rapidly growing economy. The PIF also seeks to boost its investments in Oman, one of the fastest-growing economies in the Middle East and North Africa region, by approaching diverse asset classes within numerous targeted sectors.