Pico and LDA Technologies Partner to Enhance AI Trading Workflows
Pico and LDA Technologies enhance trading workflows with high-fidelity data solutions, impacting fintech in the MENA region.
Survey Shows AI Won’t Replace Bankers in MENA Financial Services
A recent survey reveals that AI will not replace bankers, highlighting the ongoing need for human roles in MENA financial services.
Key Trends in 2026 Payments: The Rise of Digital Wallets
Digital wallets are emerging as the principal interface for customers, reshaping interactions in the MENA fintech landscape. Insights from EBAday 2026.
Finova Acquires Cubit Labs to Enhance AI-Driven Lending Solutions
Finova’s acquisition of Cubit Labs aims to improve AI-driven lending solutions, enhancing compliance and workflow efficiency.
Offa Raises £6.5 Million in Innovative Sukuk Financing
Offa has raised £6.5 million through an innovative sukuk structure, highlighting the demand for Islamic finance in fintech.
Dubai Unveils AED 18B Infrastructure Projects to Boost Economy
Sheikh Hamdan bin Mohammed has approved AED 18 billion in new projects aimed at transforming Dubai’s infrastructure and enhancing the investor experience. This initiative is part of a broader strategy to improve Dubai’s cultural, trade, and financial landscape. As these projects unfold, they are expected to attract more investors and reinforce Dubai’s status as a key player in the MENA region.
Saudi Arabia Tops Global ICT Development Index 2026
Saudi Arabia has secured the top position globally in the 2026 ICT Development Index published by the International Telecommunication Union. This ranking reflects the Kingdom’s commitment to enhancing its telecommunications infrastructure and digital services. Moving forward, the focus will be on how this achievement attracts investments and fosters international collaborations in the tech sector.
Saudi Arabia Secures $5.3B in Foreign Investment for Vision 2030
In 2025, Saudi Arabia successfully attracted SR20 billion ($5.3 billion) in foreign private capital, marking a significant increase in international investment across various sectors. This influx is part of the country’s broader Vision 2030 initiative aimed at diversifying the economy and enhancing private sector participation. The continued rise in foreign investment signals growing confidence in Saudi Arabia’s economic reforms and Vision 2030 objectives.
MGX Secures $49B for AI Fund, Surpassing Expectations
Abu Dhabi-based MGX has successfully raised $49 billion for an AI-focused fund, surpassing its initial target of $45 billion. This significant capital infusion positions MGX as a major player in the global AI investment landscape, with plans to allocate up to $10 billion annually in the coming years. The successful fundraising reflects a growing trend of substantial investments in artificial intelligence, indicating increased confidence in the technology’s transformative potential.
CMA Compensates 20,000 Investors Amid Trading Violations
The Capital Market Authority (CMA) of Saudi Arabia has announced compensation for over 20,000 investors affected by violations related to the shares of Al Kathiri Holding and Anaam International Holding. This decision follows the issuance of penalties against several violators by the Appeals Committee in Securities Disputes. The CMA’s actions may enhance investor confidence in the Saudi financial market moving forward.