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  • Saudi Red Crescent on high alert as heavy rain falls on Makkah

    The SRCA urged citizens and residents to follow the instructions of the relevant authorities, exercise caution during bad weather, adhere to traffic safety rules, and avoid dangerous areas such as streams and rain pools. It encouraged people to report emergencies by calling 997.

  • Saudi Arabia’s 24 Fintech conference kicks off in Riyadh, highlighting sector’s rapid growth and ambitious future

    The Saudi fintech sector has witnessed a remarkable trajectory since 2018, attracting $1.84 billion in venture capital investments, according to the General Authority for Small and Medium Enterprises, or Monsha’at. Over this period, 216 Saudi-based startups have received funding, directly employing more than 6,500 people.

  • Saudi Syarah closes $60 million in a Series C round

    Saudi Arabia-based autotech Syarah has raised $60 million in a Series C round, led by Artal Capital, with participation from Elm, Impact46, Tawuniya, and Derayah Ventures, bringing the total investment to date to more than $82 million.

  • Al-Jadaan unveils Saudi Arabia’s integrated strategy to accelerate digital transformation

    Addressing the first edition of the International Conference on Financial Technology, '24 Fintech, at the Riyadh Front Exhibition and Conference Center on Tuesday, he said that the Kingdom has adopted an integrated strategy aimed at enabling and accelerating the government's digital transformation efficiently and effectively. "Saudi Arabia has targeted, since the launch of Vision 2030, accelerating the pace of transformation to advance the digital economy, as well as to ensure the sustainability of its growth and keep pace with the rapid development in the world of technology," he said.

  • Virgin Atlantic is launching daily flights from London to Saudi

    The UK airline will begin direct Virgin Atlantic Saudi flights to Saudi’s capital starting from Sunday March 30, 2025. The nonstop service will function directly from Riyadh to London Heathrow, taking around six hours and 50 minutes. Passengers will board the state-of-the-art A330neo, Virgin Atlantic’s newest fuel-efficient aircraft.

  • Saudi fintech Malaa secures $17.3 million Series A

    Saudi Arabia-based fintech Malaa has closed a Series A funding round at $17.3 million, led by SNB Capital, with participation from Derayah Financial, Khwarizmi Ventures, Impact46, and WKN.

  • Amendments to Saudi Labor Law

    With wide labor market input, and extensive benchmarking studies of other countries' labor laws and global practices, the Amendments aim to further align with Saudi Arabia's Vision 2030 by creating a more attractive work environment for employees; enhancing job security; protecting both parties' rights; developing human capital; and promoting training opportunities, among others.

  • Shoura Council welcomes 19 new female members

    Among the 150 members, 30 are women, with 19 of them serving their first term in the council. This diverse group of newly appointed female members includes distinguished experts such as Dr. Arwa Al Rashid, Dr. Ishraq Rafaei, Dr. Amal Qattan, Dr. Amal Al-Hazani, Dr. Bushra Al-Hamad, and Dr. Taqwa Omar. Their inclusion reflects the growing recognition of women's expertise and leadership potential within the council.

  • Saudi PMI rises to 54.8 points in August

    According to the PMI, job creation was a notable feature of this expansionary trend, with employment numbers rising at some of the highest rates seen in a decade. Purchasing activity and inventory levels also increased due to stronger company expectations, accompanied by a slight rise in new order growth.

  • Tamara secures preliminary approval from SAMA for consumer finance license

    Tamara, the leading fintech platform in Saudi Arabia and the GCC, is thrilled to announce that it has received preliminary approval from the Saudi Central Bank (SAMA) for a license to operate in consumer finance and Buy Now Pay Later activities. This significant milestone underscores Tamara's commitment to advancing the fintech sector and enhancing financial services in the region.