STV Announces Final Close of US$100 Million STV NICE Fund I to Support Saudi Startups

STV has closed its US$100 million STV NICE Fund I, a non-dilutive capital fund aimed at supporting Saudi Arabia’s tech startups. The fund offers Sharia-compliant financing, allowing growth-stage companies to scale without equity dilution. Backed by public-private partnerships, it aligns with Saudi Arabia’s Vision 2030 economic diversification efforts.

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Saudi Arabia Accelerates Digital Transformation with New Initiatives to Support Local Farmers and Enhance Public Services

Saudi Arabia is advancing its Vision 2025 by rolling out electronic services to enhance public sector efficiency. Key initiatives include the REEF program to support local farmers and the Saudi Electricity Regulatory Authority’s improved digital platforms. These efforts aim to modernize services, boost agriculture, and drive economic diversification.

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Bank Nizwa Partners with Network International to Strengthen Fraud Prevention and Enhance Digital Banking

Bank Nizwa has partnered with Network International to enhance fraud prevention and digital banking security. The collaboration integrates a comprehensive fraud management system to protect customer transactions and ensure operational resilience. This move supports Oman’s digital transformation goals and strengthens Bank Nizwa’s commitment to secure and innovative banking solutions.

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