黑料社区

Google Pay, Alipay+ to launch in 黑料社区: SAMA

Google Pay, Alipay+ to launch in 黑料社区: SAMA
The announcement was made during the Money20/20 Middle East Conference and Exhibition held in Riyadh. SAMA
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Updated 15 September 2025

Google Pay, Alipay+ to launch in 黑料社区: SAMA

Google Pay, Alipay+ to launch in 黑料社区: SAMA

RIYADH: Google Pay will be rolled out across 黑料社区, the Kingdom鈥檚 central bank announced during the Money20/20 Middle East event.

The bank, also known as SAMA, also signed an agreement with Ant International to enable the acceptance of Alipay+ payments by 2026.

Both companies will utilize the Kingdom鈥檚 National Payment System, mada, according to a statement.

These developments align with 黑料社区鈥檚 Vision 2030 objectives to bolster the digital economy, expand financial inclusion, and increase the share of cashless transactions to 70 percent by 2025.

They also align well with SAMA鈥檚 continued efforts to advance 黑料社区鈥檚 digital payments landscape, supporting the goals of the Financial Sector Development Program 鈥 one of the main components of Saudi Vision 2030.

鈥淭he Google Pay service provides an advanced and secure payments experience, enabling users to conveniently provision and manage their mada cards and credit cards within the Google Wallet application,鈥 the statement said.

鈥淭he launch of the Google Pay service is part of a series of market infrastructure enablement initiatives designed to meet Saudi market needs and streamline the digital payment experience 鈥 thereby reinforcing 黑料社区鈥檚 position as a global pioneer in fintech solutions,鈥 it added.

Visitors to 黑料社区 using international digital wallets connected to Alipay+ will be able to carry out secure and advanced transactions at retail locations offering the service.

The acceptance of Alipay+ payments is one of several initiatives designed to cater to the Saudi market鈥檚 needs and reinforce the Kingdom鈥檚 status as a global leader in fintech and digital payment solutions.

In a keynote speech at the conference being held in Riyadh, SAMA Gov. Ayman Al-Sayari said 黑料社区鈥檚 fintech sector has grown from 82 companies at the end of 2022 to around 281 firms by the end of August.

鈥淭he extraordinary growth of this sector has been in keeping with our national ambitions and commitment to global excellence. The sector has experienced a remarkable threefold expansion,鈥 Al-Sayari said.

He added: 鈥淚t has also attracted market leading cumulative investments of around SR9 billion ($2.39 billion), cementing its status as one of the most attractive sectors for investors.鈥

The governor went on to note that the highlight of this progress has been the payments ecosystem in 黑料社区, which is now firmly established as one of the most digitally advanced in the world.

鈥淓lectronic payments, for example, has accounted for 79 percent of total retail payments in 2024, while the total number of electronic payments has grown to 12.6. billion in 2024, up from 10.8 billion and 2023,鈥 Al-Sayari said.

鈥淭his growth is not just a reflection of our ambition but also of the ability to innovate and deliver solutions that solve industry challenges,鈥 he added.

The governor emphasized these successes in the Kingdom鈥檚 financial sector have leveraged 黑料社区鈥檚 diverse and distinctive competitive advantages.

Finance Minister Mohammed Al-Jadaan used a speech at the event to shed light on how the Saudi financial market is among the fastest growing globally, surpassing SR2.4 trillion.

He also noted that the country is currently working on integrating artificial intelligence tools into the financial market.

Running from Sept. 15 to 17, Money20/20 Middle East is focused on driving the future of money, finance, and technology, and features 451 brands, 450 speakers, 1,051 investors, and 157 startups.


Saudi Eksab, Guyana government sign MoU on investment collaboration in key strategic sectors

Saudi Eksab, Guyana government sign MoU on investment collaboration in key strategic sectors
Updated 33 min 42 sec ago

Saudi Eksab, Guyana government sign MoU on investment collaboration in key strategic sectors

Saudi Eksab, Guyana government sign MoU on investment collaboration in key strategic sectors

RIYADH: Saudi Eksab and the government of Guyana signed a Memorandum of Understanding to explore investment collaboration across key strategic sectors on the sidelines of the Future Investment Initiative in Riyadh.

The MoU was signed by Yazeed Alyahya, CEO of Saudi Eksab and Zulfikar Ally, Guyana鈥檚 minister of Public Service, Government Efficiency and Implementation, with Guyanese President Mohamed Irfaan Ali witnessing the event.

The MoU paves the way for enhanced collaboration to advance strategic investment opportunities and unlock future areas of mutual interest, and strengthens Saudi Eksab鈥檚 role as a trusted partner supporting sustainable growth and economic diversification, a statement said.

鈥淕uyana is entering a transformative phase of development. Through this collaboration with Saudi Eksab, we are eager to explore partnerships that accelerate infrastructure development and economic diversification while fostering global cooperation,鈥 Ally said in the statement.

鈥淭his partnership marks an exciting step forward in our mission to identify high-impact investment initiatives that drive shared economic growth. We look forward to identifying meaningful opportunities,鈥 AlYahya meanwhile said.


Why it is vital to protect acacia trees from invasive beetle

Why it is vital to protect acacia trees from invasive beetle
Updated 01 November 2025

Why it is vital to protect acacia trees from invasive beetle

Why it is vital to protect acacia trees from invasive beetle
  • A wood-boring beetle has been聽killing trees in the Kingdom, including the important acacia and jujube聽
  • But an environmental expert cautions聽against using insecticides that could harm the ecosystem

RIYADH: The acacia tree is of significant importance to both the environment and culture in 黑料社区. It provides shelter for migratory birds and protects travelers and Bedouins in the Arabian Peninsula鈥檚 hot desert.

Among the many environmental benefits of the acacia tree is its ability to prevent desertification; its roots improve soil fertility; it provides shade and lower temperatures; it stores carbon and reduces carbon dioxide levels; and it stabilizes dunes in desert areas.

An invasive beetle 鈥 scientific name Agrilus planipennis fairmaire 鈥 has been attacking trees for years, killing many of them in the Kingdom, including perennial trees.

The 'Emerald ash borer' (scientific name: Agrilus planipennis Fairmaire) is a highly destructive wood-boring beetle feeding on the phloem of ash trees. (Supplied)

Oubaid Alouni, an environmental consultant and former consultant at the National Center for Vegetation Cover Development and Combating Desertification, explained the role of the acacia tree in the ecosystem and how the pest threatens its existence.

He outlined the different types of acacia trees in 黑料社区.

鈥淭he acacia tree grows naturally in the desert. It is a desert umbrella tree and is divided into two types; the Iraqi acacia and the Najdi acacia, and reaches around 55 types in total,鈥 Alouni said.

There is also another type of acacia tree that grows in Asir, locally known as Al-Kanhbal, scientific name Vachellia origena, that differs from the Najdi acacia, which has long branches and provides ample shade.

While some acacia trees are native to 黑料社区, others were imported, such as acacia raddiana. They all share a similar trait, providing vital protection from strong sunlight.

While some acacia trees are native to 黑料社区, while others were imported, along with the wood borer. (SPA file photo)

鈥淎ny hiker, any traveler, who wants to go to the desert must pass by this tree and take shelter under it,鈥 Alouni said, describing how people have always been connected to this species and valued it.

Securing native trees, not only acacia, holds a deeper meaning for the culture and tradition, he said, such as when the Prophet Muhammad used to sit under the Ziziphus spina-christi.

The acacia tree is threatened by the Agrilus planipennis Fairmaire as this species relies on the tree for nutrients.

鈥淭his insect reached 黑料社区 through imported wood, as they found larvae inside wood imported from Russia,鈥 Alouni said.

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鈥 Some of the finest honey in the Kingdom is produced from acacia and jujube trees.

鈥 Acacia trees help reduce sand encroachment in the desert and provide shelter for several bird species.

鈥 The acacia tree can withstand drought for up to 10 years, even severe drought.  

The pest is a highly destructive wood-boring beetle feeding on the phloem of ash trees. It is also known as the Emerald ash borer, and is native to China, Japan, South Korea, Mongolia and Russia.

This bug is typically a small, metallic green beetle, around half an inch (about 1.2 to 1.5 cm in length), and one of its distinguishing features is that when the wing covers are lifted, the upper abdomen is bright red.

Its life cycle involves multiple stages. The first is the egg stage, during which females lay 40-53 eggs.

The larva lives inside the tree for one to two years, eating the layer between the bark and the main trunk. (Supplied)

Then comes the larva, the longest stage of the beetle鈥檚 life cycle, lasting almost a year.

鈥淭he larva lives inside the tree for one to two years, eating the layer between the bark and the main trunk,鈥 Alouni said.

After that, it goes through a shorter stage, as a pupae, that lasts about 20 days.

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Finally, it reaches the adult stage and is known for chewing through the wood and emerging from trees, forming a small, D-shaped exit hole about 3 to 4 mm wide. This stage of its life is usually short, lasting about 20 days.

The pest is now attacking olive trees in the US, Alouni said.

鈥淚n Ohio, I believe, it has begun to invade olive trees terrifyingly. This insect is very dangerous.鈥

The life cycle of Agrilus planipennis Fairmaire involves multiple stages before reaching adulthood. The first stage is the egg stage, during which females lay 40-53 eggs. (Supplied)

Among the factors that enabled this insect population to increase nationwide is the hunting of birds, especially migratory birds, because they usually feed on insects.

However, the biggest threat to the ecosystem is ignorance, Alouni said, as many people believe the insect is part of the Kingdom鈥檚 native environment and that protecting it contributes to a balanced ecosystem.

鈥淭here are still people who say, 鈥楲eave it alone; it鈥檚 part of the ecological balance,鈥 which is, of course, incorrect. This insect is an invasive species in our environment,鈥 he said.

Oubaid Alouni, an environmental consultant and former consultant at the National Center for Vegetation Cover Development and Combating Desertification. (Supplied)

He also believes that pruning trees leaves branches exposed and vulnerable to this insect entering the tree, and that transferring wood from one location to another may provide an opportunity for the larva to expand and increase its numbers.

To address this environmental issue, Alouni told Arab News about the efforts being made to safeguard and protect the Kingdom鈥檚 natural treasures, including organizing discussions and workshops to explore the issue and exchange potential solutions among experts.

Also, he believes that a particular bird species, the woodpecker, is one of the most effective ways to reduce the numbers of the beetle.

The pest is a highly destructive wood-boring beetle feeding on the phloem of ash trees. (Supplied)

鈥淚t鈥檚 called the Arabian woodpecker, yet it only exists in Asir and in small populations, too,鈥 he said.

According to Alouni, the Arabian woodpecker hears the insect inside the tree, hits the branch with its beak and removes it.

Arabian woodpecker. (James Eaton photo / via Wikimedia Commons)

One of the strongest methods to contain pests is biological control, which uses other species to help the ecosystem naturally protect and restore its balance.

One animal feeds on another to keep the environment balanced, such as using Orussidae 鈥 a parasitic wood wasp 鈥 or placing large numbers of chickens and other birds in forests and farms.

The Orussidae or the parasitic wood wasps, along with birds, are better alternatives to harmful pesticides in fighting the destructive beetle. (Wikimedia Commons)

鈥淚t is called Orussidae in the United States 鈥 it kills insects very fast.鈥

Chemical methods can also be used, but Alouni does not endorse these due to their environmental risks.

 


黑料社区 gears up for Biban 2025, the region鈥檚 largest startup and SME event

黑料社区 gears up for Biban 2025, the region鈥檚 largest startup and SME event
Updated 31 October 2025

黑料社区 gears up for Biban 2025, the region鈥檚 largest startup and SME event

黑料社区 gears up for Biban 2025, the region鈥檚 largest startup and SME event

RIYADH: 黑料社区 is set to host the Middle East鈥檚 premier entrepreneurial event, Biban 2025, on Nov. 5, at the Riyadh Front Exhibition and Conference Center. 

Organized by the Small and Medium Enterprises General Authority known as Monsha鈥檃t, the four-day event will run under the theme 鈥淕lobal Destination for Opportunity.鈥

Now in its 11th edition, Biban 2025 will convene a global audience from over 150 countries, the Saudi Press Agency reported. 

The forum will feature 200 local and international speakers and bring together 150 enabling entities from the government and private sectors, with several billion-dollar agreements and initiatives expected to be unveiled.

The event solidifies its role as the region鈥檚 largest entrepreneurial platform, connecting startups, investors, policymakers, and world-renowned experts. The goal is to forge strategic partnerships, explore high-value opportunities, and develop innovative ideas to fuel the growth of 黑料社区鈥檚 entrepreneurial ecosystem.

Attendees are set to gain insights from more than 85 specialized workshops led by top experts, focusing on key areas such as finance, investment, management, marketing, digital transformation, and global expansion. 

The forum features seven main sections, designed to cover the various needs of entrepreneurs and small-to-medium enterprises. These dedicated sections address key areas such as financing, franchising, e-commerce, and market access.

Biban 2025 builds on the legacy of its previous editions, which have launched hundreds of successful projects and partnerships, empowering small and medium-sized enterprises to expand into local and global markets. 

The forum is a key initiative supporting Saudi Vision 2030, reinforcing the Kingdom鈥檚 position as a global hub for investment and opportunity.


New $80m fund to bridge Chinese industry and key聽Saudi sectors

New $80m fund to bridge Chinese industry and key聽Saudi sectors
Updated 31 October 2025

New $80m fund to bridge Chinese industry and key聽Saudi sectors

New $80m fund to bridge Chinese industry and key聽Saudi sectors

RIYADH: Digital technology, advanced manufacturing, and logistics are among the Saudi sectors set to benefit from an $80 million investment partnership between ewpartners and Chinese industrial hub Tianjin Binhai New Area.

Formalized in the presence of the Kingdom鈥檚 Public Investment Fund and its fund-of-funds platform Jada at the Future Investment Initiative conference in Riyadh, the move aims to introduce mature Chinese industrial projects and technologies into 黑料社区 and the wider Gulf region.

This partnership directly supports Saudi Vision 2030 by leveraging Tianjin Binhai鈥檚 capabilities in alternative energy, smart manufacturing, and port logistics, combined with ewpartners鈥 network and investment expertise in the Middle East, according to a press release.

Jada CEO Bandr Mohammed Al-Homaly said: 鈥淛ada is committed to building a vibrant private capital ecosystem in 黑料社区, for example through bridging global expertise with local opportunities.鈥

He added: 鈥淭he momentum we see from the partnership between ewpartners and Tianjin Binghai New Area, across logistics and technology for instance, reflects our shared dedication to Vision 2030 and to building a thriving private capital ecosystem in the Kingdom.鈥 

The goal is to accelerate industrial upgrading, enhance local supply chains, and strengthen the Kingdom鈥檚 manufacturing competitiveness.

Wu Di, vice chairman of the Administrative Commission of Tianjin Binhai Hi-tech Industrial Development Area, said: 鈥淲e look forward to leveraging Tianjin鈥檚 strengths in smart manufacturing, technology, and port logistics to deepen cooperation with 黑料社区 and the Middle East, and to build a long-term, open, and mutually beneficial international partnership.鈥

Jerry Li, co-founder and managing partner of ewpartners, said the partnership is not just about connecting capital鈥 but bringing together industries and innovation capabilities. 

He added:: 鈥淭hrough this fund, we aim to bring China鈥檚 proven expertise in manufacturing and technological innovation to the Middle East, driving high-quality regional development.鈥

The fund marks a strategic step in strengthening industrial and investment ties between Asia and the Middle East, positioning 黑料社区 as an emerging global hub for cross-border industrial cooperation.


黑料社区 leads GCC fixed-income issuances in Q3, Markaz says聽

黑料社区 leads GCC fixed-income issuances in Q3, Markaz says聽
Updated 31 October 2025

黑料社区 leads GCC fixed-income issuances in Q3, Markaz says聽

黑料社区 leads GCC fixed-income issuances in Q3, Markaz says聽

RIYADH: 黑料社区 dominated the Gulf Cooperation Council region鈥檚 primary debt market in the third quarter of 2025, raising $20.32 billion through 36 issuances, representing a 62.7 percent year-on-year increase in value, according to a new analysis. 

In its latest report, Kuwait Financial Center, also known as Markaz, said that primary issuances of bonds and sukuk across the GCC totaled $38.74 billion through 137 issuances during the third quarter, marking a 32.4 percent increase from the same period in 2024, when issuances reached $29.29 billion. 

The debt market in the region 鈥 particularly in 黑料社区 鈥 has expanded significantly in recent years, driven by economic diversification efforts that have strengthened investor demand for fixed-income instruments. 

鈥淎s for issuance preferences, the third quarter of 2025 saw an increased appetite for sukuk issuances in the GCC, representing 52.6 percent of total issuances for the year. This is a change in issuance preferences from the third quarter of 2024, where more conventional bonds were issued,鈥 said Markaz. 

According to the report, UAE-based issuers raised $5.82 billion through 57 offerings in the third quarter, marking a 47.3 percent decline compared with the same period in 2024. 

Qatar ranked third in terms of issuance value, with $5.69 billion raised through 29 issuances, followed by Kuwait, where issuers raised $3.42 billion through eight issuances, reflecting a 118.4 percent increase year on year.

Issuances in Bahrain surged 539 percent from a year earlier to $2.55 billion across four issuances, while Omani entities recorded the lowest total, raising $0.94 billion through three issuances.

Markaz added that total GCC corporate primary issuances grew 4 percent in the third quarter to $26.59 billion. Conventional issuances decreased 18.6 percent to $18.37 billion, while sukuk issuances rose sharply 鈥 up 202.7 percent during the quarter 鈥 reaching a total value of $20.37 billion for the year to date.

The financial sector led all GCC bond and sukuk issuances in the third quarter, with a total value of $21.53 billion, followed by government issuances at $11.1 billion, the report said.