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  • Saudi-based Deep-Tech VC Fund Beta Lab makes strategic investment in Cross-Border fintech startup EximPe

    Beta Lab, a leading Saudi venture capital firm specializing in deep tech innovations, is excited to announce its recent strategic investment in EximPe, marking a significant expansion into the MENA region. This collaboration aligns with Beta Lab’s mission to disrupt traditional sectors through deep tech and supports our commitment to fostering innovative solutions that simplify complex challenges. The funding will be utilized to further Eximpe’s mission of using technology to simplify cross-border transactions and expand its reach with SMEs.

  • Mastercard partners with Loop to launch innovative payment solutions in Saudi Arabia

    Mastercard has partnered with Loop, a leading digital payments technology company licensed by SAMA, to empower businesses and consumers across the Kingdom with greater access to advanced credit card offerings and innovative payment solutions. The partnership will see Loop expand its portfolio, enhance its suite of products and services through leveraging Mastercard technology and expertise. Having signed an exclusive issuing agreement, Loop and Mastercard will partner to issue BIN ranges, enabling consumers, merchants and fintech’s across the Kingdom to benefit from innovative payment solutions.

  • Saudi Arabia’s PIF, ATP announce strategic partnership to enhance global tennis

    Saudi Arabia’s Public Investment Fund (PIF) and the governing body of men’s professional tennis, ATP Tour, announced on Wednesday a new multi-year strategic partnership, in a move that further elevates the Kingdom’s position in the global sports scene. The partnership marks a “significant shared commitment to enhancing global tennis for players, fans, tournament organizers and stakeholders at all levels of the sport,” both PIF and ATP said in a statement.

  • ATP signs multi-year strategic partnership with Saudi Arabia’s PIF

    The ATP Tour and Saudi Arabia's Public Investment Fund (PIF) have signed a multi-year strategic partnership, the governing body of men's tennis said on Wednesday in a move highlighting the growing influence of the Gulf nation on global sport. The PIF will now become the official naming partner of the men's rankings as well as partner ATP tournaments in Indian Wells, Miami, Madrid, Beijing, the season-ending ATP Finals in Turin and the Next Gen ATP Finals staged in Jeddah.

  • CFA Puts Saudi Arabia at the Heart of Its Middle East Expansion

    The CFA Institute is working to expand its membership network in the Middle East, with Saudi Arabia a key focus as the country opens up its financial markets and looks to diversify its investment industry. The non-profit educational organization for chartered financial analysts aims to double the number of members in the kingdom to about 1,000 over the next three years, while also growing the pool of candidates by 20% a year, said Marg Franklin, its president and chief executive officer.

  • Saudi source denies reports that commerce minister met Israeli counterpart

    An official Saudi source denied on Monday allegations circulating on social media platforms regarding a meeting between Majid Al-Qasabi, Minister of Commerce, and an Israeli occupation official, Saudi Press Agency reported. The same source said in a statement carried by SPA that the video circulated was while Al-Qasabi was standing with his Nigerian counterpart, prior to the opening of the thirteenth Ministerial Conference of the World Trade Organization in Abu Dhabi. “The individual shook (the Saudi minister’s) hand and then was introduced, without (Al-Qasabi’s) prior knowledge,” the source told SPA.

  • adidas Saudi targets massive expansion, 100 stores, partnerships with Al Nassr, Saudi Pro League, Al Ahli

    Adidas is currently executing an aggressive expansion plan with new partnerships and retail stores in Saudi Arabia, Bilal Fares, General Manager of EMC revealed in an exclusive interview with Arabian Business. Recognising the growth in the consumer market in line with Saudi Vision 2030, Fares said, “This growth trajectory reflects our dedication to expanding our presence and enhancing consumer engagement within Saudi Arabia.” He highlights this to be an “exciting time” for the brand.

  • Israeli industry minister meets Saudi counterpart at WTO talks in UAE

    Israeli Economy and Industry Minister Nir Barkat met his Saudi counterpart on the sidelines of a World Trade Organization (WTO) meeting in Abu Dhabi on Monday, voicing confidence the countries can "make history together", Barkat's spokesperson said. The photographed meeting with Saudi Commerce Minister Majid bin Abdullah al-Qasabi was a rarity given the lack of formal relations between the countries, though the United States has sought to bring them closer.

  • How to start a Company in Saudi Arabia

    Saudi Arabia has been one of the booming investment grounds that allow business investors to step forward and form a business entity

  • Late own goal takes Al-Ittihad into all-Saudi Asian CL quarters clash

    Toma Tabatadze's late own goal spared Karim Benzema's blushes as the defender gifted Saudi Arabia's Al-Ittihad a 2-1 win over Navbahor of Uzbekistan on Thursday to set up an Asian Champions League quarter-final meeting with compatriots Al-Hilal. The French striker headed Jamshid Iskanderov's free kick into his own net in the 25th minute to give the visitors the lead in Jeddah, with the teams going into the tie level after a scoreless draw in the first leg last week.