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Tag: Saudi Arabia

Saudi Arabia is a major Middle Eastern economy driven by energy, finance, and large-scale government investment initiatives. It holds some of the world’s largest oil reserves and is undergoing economic diversification through Vision 2030, expanding into sectors such as tourism, technology, infrastructure, and entertainment to reduce reliance on oil revenues.

TotalPay obtains SAMA approval to join Saudi Arabia digital payments race

TotalPay obtains SAMA approval

TotalPay obtains SAMA approval to become the first Indian firm cleared for this role in the Kingdom. The Saudi Central Bank granted the license so the company can serve merchants across Saudi Arabia. You now watch an Indian fintech enter one of the region’s fastest digital payment markets. Regulators approved TotalPay as an e-commerce payment […]

SFDA Approves AI-Powered Medical Application for Smartphone Vital Signs

AI-powered medical application

AI-powered medical application technology reached a major milestone after Saudi regulators approved its public use. This SFDA marketing authorization now lets people use the application across the wider Saudi market. Saudi authorities became the first regulator worldwide to clear this kind of health tool. You can now measure heart rate, oxygen saturation, and blood pressure […]

Saudi Arabia rethinks NEOM giga-project as cancellation bill hits $16bn

Saudi Arabia rethinks NEOM giga-project

Saudi Arabia rethinks NEOM giga-project plans as new budget figures reveal billions set aside for cancellations. The 2026 to 2030 budget includes around $16 billion in payments to contractors, according to Semafor. These payments are tied to penalty clauses inside long-term agreements signed during years of rapid contracting. Saudi authorities now expect to spend more […]