Contributing a large chunk to the Middle East economy, small and medium sized businesses (SMB) comprise the majority of regional …
Saudi Arabia, Technology, UAE
Excessive technology use to blame for child obesity in UAE, Saudi Arabia
Nine in 10 children across UAE and KSA have access to tablets, smartphones or other handheld electronic devices with screens.1 3889
Saudi Arabia’s PIF mulls investment in VR startup
Saudi Arabia’s sovereign wealth fund Public Investment Fund is reportedly in talks to invest as much as $400 million in Magic Leap.
Saudi students to get hands-on training on hyperloop
Saudi Arabian Engineering students will have the opportunity to take part in a new internship programme unveiled by Prince Mohammed bin Salman Foundation “Misk” and Virgin Hyperloop One.
PayFort becomes first foreign KSA digital payments firm
PayFort, an Amazon company, has announced the registration of a new wholly owned company in Saudi Arabia via the Saudi …
UK lawmakers initiate probe into virtual currencies
Britain’s Treasury Select Committee of lawmakers on Thursday said it is initiating an inquiry into virtual currencies and the underlying …
Saudi Arabia leads GCC’s concern for data security in cloud
A recent study commissioned by F5 Networks, and conducted by research agency Think Positive, revealed that the biggest cloud concern …
Dubai-based Careem buys online restaurant listing platform
Middle East ride-hailing firm Careem has announced that it has acquired RoundMenu and will start trialing food delivery services through …
Saudi Arabia’s central bank signs blockchain deal with Ripple
Saudi Arabia’s central bank has signed a deal with U.S.-based Ripple to help banks in the kingdom settle payments using …
Cryptocurrencies could revive the barter system: Texcent COO
Singapore-based fintech start-up Texcent has recently announced plans to launch a new payment platform, Paycent, in the region for cryptocurrency …
Saudi Arabia to crack down on delayed payments
Saudi Arabia has ordered an inventory of all delayed payments to the private sector, urging a quick resolution for outstanding payments in the Kingdom.