15+ hour, 7+ min ago   (493+ words) Saudi Arabia’s Small and Medium Enterprises Bank surpassed USD 26.6 billion (SAR 100B) in financing guarantees issued through the Kafalah Financing Guarantee Program. It supports more than 28,000 small and medium enterprises with total financing exceeding USD 37.3 billion (SAR 140B). The milestone highlights the…...

15+ hour, 49+ min ago   (309+ words) The system enables identity verification and electronic signatures through mobile phones without requiring users to visit operator branches. The new system could make it easier for users to access digital services that require identity verification or electronic signatures. Instead of…...

16+ hour, 45+ min ago   (435+ words) Egyptian-founded, UAE-based fintech Remi has been awarded approximately USD 135,000 from the Stellar Community Fund. This will fund the development of blockchain infrastructure that combines transaction privacy with regulatory oversight. The UAE-based fintech will use the grant to build a confidential…...

1+ day, 11+ hour ago   (427+ words) The AI assistant, built on Egypt’s Karnak large language model, is designed to strengthen local AI capabilities and support generative AI applications in Arabic. Egypt pilot launched Karnak Chat, an intelligent conversational system built on the Karnak large language model....

1+ day, 16+ hour ago   (357+ words) The Saudi retail technology platform will use its pre-seed funding to expand across the GCC and accelerate product and AI development. Saudi-based Raff raised USD 1.7 million in a pre-seed round led by Vision Ventures. The round also saw participation from…...

1+ day, 12+ hour ago   (395+ words) UAE-based AI and geospatial intelligence company Stellaria raised USD 6.8 million (AED 25M) in a seed round. The round was backed by a group of angel investors and values the company at USD 114 million (AED 420M). The funding will support the expansion of…...

2+ day, 15+ hour ago   (496+ words) Server systems containing Nvidia’s AI chips could become more than 15% more expensive from early 2027, as rising memory costs add pressure to the price of AI infrastructure. Nvidia customers are being warned that the cost of AI servers could rise significantly…...

3+ day, 15+ hour ago   (543+ words) Twin1 AI has raised USD 20 million in a seed round co-led by Bessemer Venture Partners, Tribeca Venture Partners, and Aramco Ventures. This comes as it is developing AI-powered digital twins for professional knowledge workers. The round also included EJF Ventures, Tin…...

3+ day, 15+ hour ago   (414+ words) The move gives PIF a larger ownership role in Al Ittihad, Al Ahli, Al Hilal and Al Nassr. This comes as Saudi Arabia advances its sports privatization agenda. Saudi Arabia’s Ministry of Sport has begun transferring 25% stakes in the companies…...

3+ day, 14+ hour ago   (409+ words) A potential deal would put the Saudi-backed startup at the center of Nvidia’s push into specialized AI infrastructure, as Rebellions prepares for an IPO. Nvidia is in talks to potentially acquire South Korean AI chipmaker Rebellions, according to Bloomberg. This…...