Browsing: Saudi

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.    

RIYADH: The rush by Egyptian startups to expand into Saudi Arabia has largely reversed after some companies entered the Kingdom too early, burned through capital and underestimated the differences between the two markets, according to F6 Ventures co-founder and General Partner Dina El-Shenoufy.

Kreston NBB Professional Consulting has been approved by Saudi Arabia’s Capital Market Authority (CMA) board to provide audit services to organisations overseen by the regulator.

Global leaders from major emerging economies, including Brazil, Russia, India, China, South Africa, Iran, Saudi Arabia, and the United Arab Emirates, have arrived in New Delhi, India for the 18th BRICS Summit held at Bharat Mandapam on September 12 and 13, 2026.

Saudi Arabia accounted for approximately 93 percent of e-commerce investments in the Gulf Cooperation Council (GCC) countries by 2025, up from 46 percent in 2021. This reflects the Kingdom’s growing role in the digital economy and its consolidation as a regional e-commerce hub