saudi arabia

Saudi Security Firm Elm Looks At $2 Billion IPO
Saudi Security Firm Elm Looks At $2 Billion IPO
May 10, 2021  |  IPO

Elm, the digital security firm owned by Saudi Arabia’s sovereign wealth fund, is exploring a roughly $2 billion initial public offering (IPO). That’s according to...

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Today In Payments Around The World: Tamara Lands $110 Million; Tribal Credit Raises $34.3 Million
Today In Payments Around The World: Tamara Lands $110 Million; Tribal Credit Raises $34.3 Million
April 22, 2021  |  International

In today’s top payments news around the world, Checkout.com is leading a $110 million funding round for Tamara, while Tribal Credit landed $34.3 million in...

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Payment Rail Competition Heats Up
Payment Rail Competition Heats Up
April 22, 2021  |  B2B Payments

ACH volume hit new records in the year’s first quarter, driven in part by a surge in B2B payments adoption. But as this week’s Payment...

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Saudi Payments Teams With IBM, Mastercard To Launch Instant Payments
Saudi Payments Teams With IBM, Mastercard To Launch Instant Payments
April 21, 2021  |  Faster Payments

Saudi Arabia’s Saudi Payments Network is teaming up with IBM and Mastercard to launch instant payments in the kingdom. The country’s new instant payments system —...

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Saudi Arabia’s Open Banking Plan Aims To Advance Digital Innovation
Saudi Arabia’s Open Banking Plan Aims To Advance Digital Innovation
January 14, 2021  |  International

The Saudi Arabian Monetary Authority (SAMA) is introducing an open banking policy to advance digital innovation in the financial services sector. Saudi Arabia’s central bank...

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Saudi Arabia’s Sovereign Wealth Fund Puts $1.3B Into Reliance Retail
Saudi Arabia’s Sovereign Wealth Fund Puts $1.3B Into Reliance Retail
November 05, 2020  |  International

The Public Investment Fund of Saudi Arabia plans to invest about $1.3 billion for an equity stake of about 2 percent in India’s Reliance Retail...

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Bitcoin Daily: Saudi Arabia Eyes Blockchain Passport For Business; BoE Governor Calls For Global Stablecoin Laws
Bitcoin Daily: Saudi Arabia Eyes Blockchain Passport For Business; BoE Governor Calls For Global Stablecoin...
September 03, 2020  |  Bitcoin

Saudi Arabia has proposed a business passport built off of blockchain technology to help overcome trade finance challenges brought about by the pandemic, CoinDesk reported....

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Saudi Oil Money To Help Power India’s Digital Revolution
Saudi Oil Money To Help Power India’s Digital Revolution
June 18, 2020  |  Investments

Jio Platforms has reeled in another big investor, with Saudi Arabia’s sovereign wealth fund agreeing to pump $1.5 billion into India’s largest mobile commerce company....

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Amazon’s Saudi Arabia eCommerce Site Debuts
Amazon’s Saudi Arabia eCommerce Site Debuts
June 17, 2020  |  Amazon

A conflict between Amazon CEO Jeff Bezos and Saudi Crown Prince Mohammed bin Salman didn’t derail the eCommerce giant’s launch of its new website in...

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