Saudi Arabia’s fintech sector grew to 371 companies as of August, the Saudi Central Bank Governor has revealed, as the Kingdom pushes ahead with its digital payments and financial technology agenda.
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Markets dislike surprises, and the first half of October brought plenty. Between Oct. 6 and Oct. 12, Houthi missiles and drones struck three Saudi airports, including King Khalid International in Riyadh, the home base of Riyadh Air.
Saudi Awwal Bank has signed a memorandum of understanding with Playbook to advance collaboration in women’s entrepreneurship, knowledge sharing and financial services innovation.
The Dubai Financial Services Authority (DFSA), the independent regulatory agency that oversees financial services in the Dubai International Financial Centre, has fined the Middle East unit of rating agency Moody’s for data-breach cases.
