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Restaurant Financing in Saudi Arabia: SPICE Tests Shariah-Compliant Dining Capitalr
SPICE advances Shariah-compliant funding to premium restaurants and returns 20% cashback to their diners, as the Kingdom’s foodservice economy heads toward $58.3 billion and embedded lending costs draw criticism in mature markets
Saudi Arabia’s webook.com buys Portuguese sports-tech firm SmartMove in first European acquisition
The Riyadh-built live experiences platform takes control of the technology behind Portugal’s biggest football clubs, turning a Vision 2030 success story into a cross-border export.
Banks Spend $700bn a Year on Technology and Still Cannot Deploy AI. Stitch Is Building the Layer That Changes That.
The financial services sector has spent over $1tn on digital transformation in three years and most institutions still cannot get AI to work at scale. Mohamed Oueida, Founder and CEO of Stitch, has spent three years building the infrastructure foundation that makes it possible, and Andreessen Horowitz has just backed him with $25m to prove it globally.
Andreessen Horowitz makes its first GCC bet with a $25M investment in Saudi fintech platform Stitch
a16z's first GCC investment backs Stitch, the Saudi-based infrastructure platform rebuilding the core systems that financial institutions need before AI can do anything useful.
Foodics Launches "Forward Together" Initiative to Ease Cost Pressure on UAE F&B Operators
The restaurant technology platform is offering flexible payment terms, free product access, and AI-powered analytics to support operators across the UAE and GCC as the sector recovers.