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Checkout.com has partnered with Tabby to enhance buy-now-pay-later (BNPL) solutions for merchants in the UAE and Saudi Arabia. This collaboration enables businesses to offer consumers more flexible payment options at checkout, addressing the rising demand for BNPL services in the region. The integration merges Checkout.com’s payment technology with Tabby’s financing solutions.
Forbes Middle East has unveiled its Top 40 Asset Managers for 2025, highlighting leaders who collectively managed over $439 billion in assets in 2024. Rashed Sharif of SNB Capital retains the top spot with $63.73 billion in AUM, followed by Mohammed Alardhi of Investcorp at $53 billion. Saudi Arabia dominates the list with 19 representatives, showcasing the region's growing influence in real estate, sukuk, and private equity.
Forbes Middle East has unveiled its Top 40 Asset Managers list for 2025, spotlighting key figures in investment management across the region. These managers collectively oversaw over $439 billion in assets in 2024, with Saudi Arabia leading the list with 19 entries, followed by the UAE and Kuwait with six each. The ranking evaluated factors such as assets under management, growth, leadership experience, and achievements, favoring independent firms.
In February 2025, Saudi Arabia's annual inflation rate held steady at 2%, matching the previous year's rate, driven by a 7.1% rise in housing and utility costs, particularly an 8.5% increase in housing rents. Food prices rose by 1%, while transportation costs fell by 1.5%. Comparatively, G20 inflation decreased to 5.1% in December 2024, with Europe’s rate at 2.4% in February, hinting at possible interest rate cuts by the European Central Bank.
ComfortDelGro has launched its first robotaxi program in Guangzhou, China, in collaboration with Pony AI, marking a significant step in the commercial deployment of autonomous vehicle services. This two-year pilot aims to enhance AV technology operations and fleet management, supporting the company's strategy for large-scale deployment in China and beyond. With a planned investment of S$30 million over five years, ComfortDelGro is committed to advancing autonomous transport solutions to address global driver shortages and improve ride availability.
Valu, Egypt's leading financial super-app, boasts over 700,000 active users and has launched co-branded credit and prepaid cards, achieving 1.2 million transactions in a year. The fintech ecosystem is expanding with new products like Ulter and Shift, alongside a growing merchant network of 7,000 retailers and 2,000 online stores. In the MENA region, fintech is evolving beyond payments and lending, with a focus on wealth management and AI-driven services, while companies like MyFatoorah and MNT-Halan are making significant strides in payment solutions and lending, respectively.
Valu, Egypt's leading financial super-app, boasts over 700,000 active users and has launched co-branded credit and prepaid cards, achieving 1.2 million transactions in a year. The fintech ecosystem is expanding with new products like Ulter and Shift, alongside a growing merchant network of 7,000 retailers and 2,000 online stores. In the MENA region, fintech is evolving beyond payments and lending, with a focus on wealth management and AI-driven services, while companies like MyFatoorah and MNT-Halan are making significant strides in payment solutions and lending, respectively.
Binance has secured a historic $2 billion investment from UAE-based MGX, highlighting the fintech boom in the MENA region, where 119 startups raised $700 million in 2024. Key players like Tabby, Fawry, and Rasan are leading the charge, with significant growth in digital payments, BNPL services, and insurtech, setting new benchmarks in the global fintech landscape. The future looks promising, with expectations of more unicorns and international expansions on the horizon.
Binance has secured a historic $2 billion investment from UAE-based MGX, highlighting the fintech boom in the MENA region, where 119 startups raised $700 million in 2024. Key players like Tabby, Fawry, and Rasan are leading the charge, with significant growth in digital payments, BNPL services, and insurtech, setting new benchmarks in the financial technology landscape. The future looks promising, with expectations of more unicorns and cross-border expansions as MENA solidifies its status as a fintech hub.
Consumer spending in Saudi Arabia surged 34.7% to SR17.5 billion in the week before Ramadan, driven by a 74.9% increase in food and beverage purchases. Meanwhile, a new SR1 billion environmental financing initiative was launched to promote sustainable projects, aligning with Vision 2030 objectives.
SAU
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
checkout.com and tabby partner to enhance buy now pay later solutions
08:40 17.03.2025
middle eastern asset managers shape financial landscape with significant growth and innovation
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08:31 17.03.2025
forbes reveals top 40 asset managers shaping investment in the region
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Saudi Arabia maintains steady 2 percent inflation rate in February 2025
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comfortdelgro launches robotaxi pilot program in guangzhou with pony ai
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06:55 17.03.2025
fintech boom in mena drives innovation and investment in 2024
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20:23 16.03.2025
fintech growth in mena highlights emerging players and innovative solutions
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20:23 16.03.2025
fintech growth in mena highlights emerging players and investment opportunities
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19:42 16.03.2025
fintech revolution in mena accelerates with record funding and innovative startups
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19:42 16.03.2025
Saudi Arabia launches billion dollar eco-friendly initiative amid rising consumer spending
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