Browsing: Saudi

DUBAI: Two Saudi startups are among 10 finalists competing at the London Business School MENA Startup Competition, highlighting the range of solutions emerging from the Kingdom.

A Saudi national has been charged with secretly planting a recording device in one of OpenAI’s offices in California, federal prosecutors announced.

On October 13, 2026, Citigroup Inc C announced a remote work policy for its Saudi employees in response to escalating tensions from the Houthi conflict in Yemen. This strategic move aims to ensure the safety and well-being of its workforce while maintaining service to clients in the region. During this period, Citigroup’s CEO, Jane Fraser,…

Oil prices rose Monday as Yemen’s Iran-backed Houthi movement launched additional strikes on Saudi Arabia, adding to worries about tight global supplies heading into the northern hemisphere winter.

Saudi Arabia’s first defence-focused venture capital fund, MASNA Ventures, is seeking to plough more money into local manufacturing of US and allied defence technology as conflict in the Gulf exposes the region’s military gaps.

From We Make Future to Riyadh: the Global Startup Competition arrives in Saudi Arabia

RIYADH: Saudi fintech Abwab.ai raised SR15 million ($4 million) in a seed round led by European venture capital firm Speedinvest as it seeks to expand its AI-powered lending infrastructure for small and medium-sized businesses. 

Infratech supports Saudi businesses with gap assessments, remediation, governance and evidence-based NCNICC-1:2025 compliance readiness.

The Saudi Cabinet approved theEntrepreneurshipand Small and Medium-Sized Enterprises Strategy, in a move aimed at supporting the sector as part of the national economy. The decision was made during the Cabinet’s meeting held today in Jeddah, chaired by Crown Prince and Prime Minister Mohammed bin Salman.

RIYADH: Regional technology companies drew substantial equity, debt and institutional capital over the past week, led by large fintech rounds and asset-backed facilities.