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Trump to visit Saudi Arabia for historic one trillion dollar investment deal

US President Donald Trump plans to visit Saudi Arabia within six weeks to finalize a $1 trillion investment deal, which includes significant military equipment purchases. Highlighting his strong ties with Saudi leaders, Trump noted the Kingdom's efforts to diversify its economy under Vision 2030, marking a deepening of economic relations between the two nations.

Saudi Arabia's sports tourism surge reshapes economy and global events landscape

Saudi Arabia has attracted 2.5 million sports tourists over the past four years, driven by 80 international events, including the Saudi Arabian Grand Prix, which generated SR900 million in economic impact. The Kingdom aims to host the 2034 FIFA World Cup, enhancing its role in global sports tourism while investing in infrastructure and sustainability initiatives. With a target of 150 million annual visitors by 2030, Saudi Arabia is committed to transforming its economy and promoting diverse sports participation.

mena startups raise 494 million in february driven by saudi fintech

In February 2025, MENA startups raised $494 million across 58 deals, a nearly fivefold increase from the previous year, with Saudi Arabia leading at $250.3 million. The fintech sector dominated with $274 million, while later-stage investments grew, highlighted by Tabby's $160 million Series E funding. Despite the surge, male-led startups secured 87% of the total funding, leaving only $200,000 for female-led ventures.

Saudi Arabia's sports tourism strategy attracts 2.5 million visitors in four years

Saudi Arabia has attracted 2.5 million sports tourists over the past four years, bolstered by 80 international events, including the Saudi Arabian Grand Prix, which generated SR900 million in economic impact. The Kingdom aims to host the 2034 FIFA World Cup, investing in infrastructure and sustainability as part of its Vision 2030 goals, targeting 150 million annual visitors by the decade's end. With a focus on youth and women's sports, Saudi Arabia is positioning itself as a global sports tourism hub, enhancing its economic diversification efforts.

Saudi Arabia's SME Bank launches new phase to enhance SME financing options

Saudi Arabia's SME Bank has launched the second phase of its agency model to enhance financing for micro, small, and medium enterprises (MSMEs), targeting SAR 240 million by 2025. In partnership with crowdfunding platforms Manafa, Lendo, and Tameed, the initiative offers flexible financing options ranging from SAR 50,000 to SAR 1 million, with repayment terms up to 12 months and potential grace periods. Building on the first phase's success, which provided over SAR 88 million in funding, this phase aims to further support sustainable economic growth and facilitate access to financing for startups and e-commerce businesses.

growth trends in middle east private sectors amid economic challenges

Lebanon's private sector showed steady growth in February, with a PMI of 50.5, supported by increased new business, particularly from abroad. Optimism surged following the election of a pro-reform president, despite ongoing security concerns due to Israel's presence in strategic areas.In the UAE, the non-oil private sector maintained growth with a PMI of 55, reflecting improved business conditions and rising new orders. However, firms expressed caution over intense competition and limited job creation, which could impact future growth.

tamara secures samas license for expanded consumer finance and bnpl services

Tamara has secured a license from the Saudi Central Bank (SAMA) to offer consumer finance and buy-now-pay-later (BNPL) services, expanding its capabilities beyond previous limits. This approval allows the company to provide financing solutions over SAR 5,000 ($1,333) and enhances its product offerings across Saudi Arabia, UAE, and Kuwait. Co-Founder Abdulmajeed Alsukhan highlighted this achievement as a significant step in delivering innovative financial solutions to meet customer needs.

haala energy secures 7.6 million dollars to expand solar project pipeline

HAALA Energy, a prominent Saudi solar energy developer, has successfully raised USD 7.6 million in its Series A funding round, led by the Fakeeh family office. This capital will support the company's ambitious goal of completing 30MWp of commercial and industrial solar projects over the next three years, enhancing its competitive edge in the renewable energy market. With a commitment to employee ownership and a diverse project portfolio, HAALA Energy is poised to significantly contribute to Saudi Arabia's Vision 2030 climate goals.

Middle East sports market transforms passion into economic growth and opportunity

The Middle East sports market, valued at $600 billion, is rapidly evolving into a global hub, with over $65 billion invested by the UAE and Saudi Arabia. Major events like the 2022 FIFA World Cup and the Abu Dhabi Grand Prix significantly boost local economies, while innovative sponsorships enhance fan engagement. This growth not only drives tourism and job creation but also aligns with broader economic and social goals, showcasing the region's commitment to sports as a catalyst for development.

SRC acquires 3.4 billion SAR mortgage portfolio from Saudi National Bank

The Saudi Real Estate Refinance Company (SRC), a subsidiary of the Public Investment Fund, has acquired a SAR 3.4 billion mortgage portfolio from the Saudi National Bank, marking a significant refinancing transaction in Saudi Arabia. This move aims to enhance liquidity in the residential mortgage market and supports the Vision 2030 goal of increasing homeownership rates to 70%. The acquisition also aligns with SRC's efforts to strengthen the secondary mortgage market and develop Residential Mortgage-Backed Securities (RMBS).
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