A 30 strong delegation of UK fintech companies and investors is heading to Saudi Arabia to capitalize on the Kingdom’s financial services reforms.
The Kingdom is now well on track to become a regional fintech leader © Mena Today
A 30 strong delegation of UK fintech companies and investors is heading to Saudi Arabia to capitalize on the Kingdom’s financial services reforms.
The mission, organized by the Saudi British Joint Business Council, will cover a three-day programme in Riyadh, and runs from Jan. 29-31.
The visit comes as Saudi Arabia continues to lead the way for attracting investment, and was first in the Middle East and North Africa region in volume of venture capital in 2023, with a 33 percent growth to a record total of $1.4 billion.
The Kingdom is now well on track to become a regional fintech leader, with the sector representing between 60-70 percent of early-stage deal flow.
Saudi Arabia's Crown Prince and de facto ruler, Mohammed bin Salman, called Iran's newly elected President Massoud Pezeshkian on Wednesday to congratulate him on his recent election victory, according to Saudi state media reports.
Turkish Foreign Minister Hakan Fidan accused Israel of having "no intention of peace" in Gaza during a press conference on Sunday with his Saudi counterpart, who was visiting Istanbul.
In a landmark announcement on Friday, the International Olympic Committee (IOC) revealed that Saudi Arabia will host the first-ever Esports Olympic Games in 2025.
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