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.
A Turkish court has ordered the blocking of certain content generated by Grok, the artificial intelligence chatbot developed by Elon Musk’s company xAI, after it reportedly produced responses deemed insulting to President Recep Tayyip Erdogan, the founder of modern Turkey Mustafa Kemal Ataturk, and religious values.
Saudi Arabia's Crown Prince Mohammed bin Salman met Iranian Foreign Minister Abbas Araqchi in Jeddah on Tuesday, in the first visit by the Iranian official to the Gulf kingdom since Tehran's air war with Israel.
Saudi Arabia and Indonesia signed several deals and memos of understanding worth around $27 billion between private sector institutions in several fields including clean energy and petrochemicals, the Saudi state news agency SPA reported on Wednesday.
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