Saudi Arabian authorities has reportedly fined the former chairman of the kingdom’s second-biggest telecom company for insider trading and ordered his investment firm to pay $75 million.
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 3821
Middle East to pump more cash into SoftBank Vision Fund
SoftBank Group could potentially get more investments from the Middle East as it pushes to reach its $100 billion fundraising target for its private equity fund that aims to target the technology sector.
Why partners need to bet on SMBs
Contributing a large chunk to the Middle East economy, small and medium sized businesses (SMB) comprise the majority of regional …
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 …