Author: Mahdeehassan

Riyadh, Saudi Arabia – Tenity, a global innovation powerhouse, today announced the release of the inaugural KSA Fintech Opportunity Report 2025. The report, in collaboration with The Majlis Podcast, provides a comprehensive, data-driven analysis of Saudi Arabia’s fintech ecosystem, drawing from proprietary research and 30 exclusive interviews with top policymakers, investors, and founders in the Kingdom, the report identifies high-potential growth areas and outlines the structural enablers that are driving transformation. Key Findings from the Report Include: Unprecedented Growth: The number of active fintechs in Saudi Arabia has surged from just 10 in 2018 to over 261 by the end of…

Dubai, UAE: Using any kind of power bank is prohibited onboard Emirates’ flights, effective from tomorrow, 1 October 2025. Emirates provides in-seat charging on all aircraft, however, still recommends that customers fully charge their devices before flying, especially on longer duration flights. A ‘power bank’ is a portable, rechargeable device primarily designed to provide power to other electronic devices such as smart phones, tablets, laptops and cameras. Emirates customers are still permitted to carry one power bank onboard with specific conditions listed below, but the power banks may not be used while in the aircraft cabin – neither to charge devices from…

Dubai – ANAX Developments, one of Dubai’s most dynamic luxury developers, has unveiled ELLE Residences, its latest landmark project redefining branded living in the region. Slated for completion by Q3 2027, this stunning project marks a new era of branded residences in the heart of Dubai Islands. Following the success of its first residential tower in Miami, ELLE, owned by the Lagardère Group, has partnered with ANAX Developments to create its branded residences portfolio in the Middle East, for the very first time. This landmark collaboration combines ELLE’s global lifestyle ethos with ANAX’s deep understanding of Dubai’s evolving luxury market, creating a new…

Muscat – Muscat Municipality has signed an agreement with the Oman Environmental Holding Services Co (be’ah) to transfer the rights and obligations of waste collection and transportation within Muscat Governorate. Under the agreement, Muscat Municipality will assume responsibility for these services from 1 October 2025. This step marks a significant milestone in the Municipality’s efforts to enhance sustainable urban services in line with the ambitions of Oman Vision 2040. The agreement was signed by His Excellency Ahmed bin Mohammed Al Humaidi, Chairman of Muscat Municipality, and Eng. Ahmed bin Hamad Al Subhi, Chairman of be’ah. Commenting on the occasion, HE Al…

FootAR, a Portuguese start-up that transforms real-life sporting events into immersive digitalexperiences in real time, was one of the standout participants at the SBC Summit Lisbon, whichtook place from 16 to 18 September 2025. It was the world’s largest event dedicated to theiGaming sector. This start-up, which is actively seeking opportunities and investment within the iGaming industry,has a proven track record in media. It has supported some of Portugal’s largest media companiesin engaging younger audiences and fostering loyalty through its proprietary tools. Among theseis the award-winning FootAR Widget, which generates 3D animations from live sports events. Dubbed “The Greatest Show…

Riyadh, Saudi Arabia – Shomoul Holding, a subsidiary of Mabanee Company, has announced the signing of an agreement with Alshaya Group, a leading international retail franchise operator of around 70 world class brands. Under the agreement, which represents an investment of $150M by Alshaya Group, the companies world famous brands will open across a total leasable area of over 50,000 square meters in 100 stores at The Avenues, Riyadh, creating jobs for 2,500 Saudi nationals. Set to become one of the largest and most prominent shopping and leisure destinations in the Middle East and Africa (MENA) region, The Avenues – Riyadh…

RIYADH, Saudi Arabia–(BUSINESS WIRE/AETOSWire)– Sensory Cloud Inc., a clinical-stage biopharmaceutical company pioneering therapies that deactivate mechano-sensitive ion channels to treat respiratory disease, is today reporting new results from the REACH trial at King Saud University Medical City for the treatment of patients with refractory chronic cough (RCC). SC0023 is a proprietary therapeutic aerosol composed of ions endogenous to human airways, acting to relieve compression of mechano-sensitive ion channels implicated in chronic cough hypersensitivity. “Chronic cough is a major unmet healthcare need afflicting an estimated 10% of the adult human population globally,” said Dr. Kholood Altassan, PhD, head of the Preventive Medicine…

Riyadh, Saudi Arabia – Riyadh Air, the Kingdom’s new national carrier, and MAHD Academy, the largest national initiative dedicated to identifying and developing sports talent in Saudi Arabia, have signed a strategic Memorandum of Understanding (MoU) to foster collaboration across multiple areas of sports development. As part of this agreement, the partners are launching the Soaring Talents program, an initiative designed to accelerate the growth of the Kingdom’s sports sector in line with Vision 2030. This landmark collaboration combines Riyadh Air’s global sponsorship portfolio with MAHD Academy’s expertise in athletic development to nurture local talent and strengthen Saudi Arabia’s presence on the international…

Oxford Business Group teams up with Madinah Region Development Authority for a special report on the region’s socio-economic transformation Al Madinah, September 2025: The sweeping socio-economic transformations taking place in the historic Saudi region of Al Madinah are the focus of the latest report by global business intelligence and advisory firm Oxford Business Group (OBG). Entitled Bright Horizons: Socio-economic Transformation in Al Madinah Al Munawwarah, the report examines the region’s commitment to community well-being, economic diversification and urban renewal in alignment with the objectives of Vision 2030. In the coverage on citizen well-being, the report explores how the region is…

Riyadh, Saudi Arabia: The Capital Market Authority (CMA) of Saudi Arabia has continued to strengthen the regulatory foundations for fintech growth, announcing that a total of 68 fintech experimental permits have been granted by the end of Q2 2025, with 50 fintech companies currently registered under the CMA’s Fintech Lab, 36 of which are actively operational. This progress reflects the Kingdom’s evolution to a fintech environment that is ready and attractive for innovation, investment, and growth, in line with the objectives of Saudi Vision 2030 and the CMA Strategy 2024–2026. The CMA’s Fintech Lab was launched as a controlled environment for…