Latest news with #FaisalAl-Khamisi
Arab News
22-03-2025
- Business
- Arab News
barq achieves new heights in financial services through strategic collaboration with Western Union
barq has announced a strategic partnership with Western Union, a global leader in international money transfers. This collaboration aims to redefine remittance services in the Kingdom, enabling millions of users to send and receive money through the barq app with unmatched ease and security. By combining Western Union's extensive global payment network with barq's advanced financial technology, users can now enjoy immediate access to international money transfer services directly within the barq app. This partnership aligns seamlessly with the goals of Saudi Vision 2030, which focuses on accelerating digital transformation and fostering financial inclusion across the Kingdom. Through this integration, barq users will benefit from enhanced convenience, faster transactions, and the ability to send money globally with a trusted, world-class partner. The partnership ensures secure international transfers at competitive rates while significantly reducing the time and effort required, thanks to Western Union's network spanning over 200 countries. Faisal Al-Khamisi, chairman of barq, stated: "This partnership represents a new strategic step that positions barq at the forefront of financial innovation. It aligns with the Kingdom's Vision 2030, which aims to accelerate digital transformation and promote financial inclusion. At barq, we believe that providing advanced financial solutions is not limited to offering payment services alone but extends to transforming the user experience. This is what we are achieving today through this integration, which provides easy, fast, and secure international remittance services to millions of users, strengthening barq's position as one of the most important players in the digital financial sector." This partnership underscores barq's commitment to financial empowerment and innovation, solidifying its position as a leading digital financial services company in Saudi Arabia. Notably, barq is the fastest-growing digital wallet in the Kingdom, boasting over three million satisfied users in record time since its launch. It continues to enhance user experiences and deliver world-class financial services through groundbreaking partnerships and alliances.
Asharq Al-Awsat
13-02-2025
- Business
- Asharq Al-Awsat
LEAP25 Concludes in Riyadh with Multibillion-Dollar Investments
The fourth annual LEAP25 conference, the region's premier technology event, concluded on Wednesday after it marked another success for Saudi Arabia as a global hub for investments in artificial intelligence (AI), infrastructure, and cloud computing, with total investments exceeding $14.9 billion. The conference was held at the Riyadh Exhibition and Convention Center in Malham under the theme "Into New Worlds,' reflecting Saudi Arabia's position as a key center for innovation and advanced technologies, as well as its growing role in the digital economy. Its success also reflects the support and empowerment provided to the sector by Prince Mohammed bin Salman bin Abdulaziz, Saudi Crown Prince and Prime Minister, reinforcing the Kingdom's commitment to achieving the goals of the Saudi Vision 2030 and solidifying its global leadership in technology, AI, and entrepreneurship. LEAP is considered a global platform that brings together leading thinkers and practitioners in the digital field, empowering entrepreneurs, fostering innovation in the era of AI, and driving the transition toward a thriving and sustainable digital economy. Saudi Federation for Cybersecurity, Programming, and Drones board Chairman and Tahaluf Company board chairman Faisal Al-Khamisi emphasized that LEAP25 was not just a tech conference but a global platform that hosted its largest edition yet, contributing to innovation, connecting startups with investors, and opening new opportunities for entrepreneurs. He pointed out that the conference was not only about major investments of nearly $15 billion but witnessed dynamic interactions between startups and investors, leading to significant deals and support for new entrepreneurial projects. Al-Khamisi indicated that LEAP has become a global benchmark for the speed of deal-making and project launches, enabling major tech companies to close deals in just a few days—processes that would typically take a year. Additionally, he announced that LEAP will expand beyond the Kingdom, with two editions set for next year—one in Riyadh and another in Hong Kong—further solidifying Saudi Arabia's role as a global hub for digital economy, innovation, and AI.
Zawya
13-02-2025
- Business
- Zawya
LEAP 2025 concludes after witnessing announcements about investments worth $25bln
RIYADH — The fourth edition of the LEAP Technology Conference (LEAP25) concluded its sessions at the Riyadh Exhibition and Convention Center in Malham, drawing significant participation from technology leaders, investors, and international experts. A series of investments and technical launches worth nearly $25 billion were announced during the four days of the global tech event. These announcements and initiatives focused on enhancing innovation in digital infrastructure and developing digital talents, supporting research, development and innovation, artificial intelligence, cloud computing, and enhancing technical infrastructure. Faisal Al-Khamisi, chairman of the Board of Directors of the Saudi Federation for Cybersecurity, Programming and Drones, announced at the end of the event that two editions of LEAP will be held next year, one in Riyadh and the second one in Hong Kong. The final day of the conference featured a series of sessions on topics such as women leading tech innovation and harnessing the power of artificial intelligence (AI) in business, alongside other discussions on AI and digital transformation. Held from February 9 to 12, the event highlighted cutting-edge digital innovations, sustainability, the knowledge economy, and the role of technology in reshaping key industries. The conference attracted a diverse group of experts and innovators from around the world, all convening to explore the latest technological advancements and shape the future of critical sectors. This year's conference aligns with the Kingdom's efforts to strengthen its leadership in technology and innovation. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Saudi Gazette
12-02-2025
- Business
- Saudi Gazette
LEAP 2025 concludes after witnessing announcements about investments worth $25 billion
Saudi Gazette report RIYADH — The fourth edition of the LEAP Technology Conference (LEAP25) concluded its sessions at the Riyadh Exhibition and Convention Center in Malham, drawing significant participation from technology leaders, investors, and international experts. A series of investments and technical launches worth nearly $25 billion were announced during the four days of the global tech event. These announcements and initiatives focused on enhancing innovation in digital infrastructure and developing digital talents, supporting research, development and innovation, artificial intelligence, cloud computing, and enhancing technical infrastructure. Faisal Al-Khamisi, chairman of the Board of Directors of the Saudi Federation for Cybersecurity, Programming and Drones, announced at the end of the event that two editions of LEAP will be held next year, one in Riyadh and the second one in Hong Kong. The final day of the conference featured a series of sessions on topics such as women leading tech innovation and harnessing the power of artificial intelligence (AI) in business, alongside other discussions on AI and digital transformation. Held from February 9 to 12, the event highlighted cutting-edge digital innovations, sustainability, the knowledge economy, and the role of technology in reshaping key conference attracted a diverse group of experts and innovators from around the world, all convening to explore the latest technological advancements and shape the future of critical sectors. This year's conference aligns with the Kingdom's efforts to strengthen its leadership in technology and innovation.
Arab News
12-02-2025
- Business
- Arab News
barq teams up with Alipay+ to boost cross-border payments
Saudi fintech barq and Alipay+ have announced a new agreement that will make barq part of Alipay+'s international network. The move is part of the ongoing expansion of Alipay+'s unified electronic payment portal service that includes more than 35 digital wallets and banking applications worldwide. Following the necessary regulatory approvals, the MoU was signed between the two companies on the sidelines of LEAP 25, the world's most attended tech event, hosted by the Kingdom for the fourth consecutive year at the Riyadh Exhibition and Convention Center in Malham, from Feb. 9 to 12. The memorandum paves the way for barq to partner with Alipay+ to facilitate travel and shopping experiences for its customers, which in turn will contribute to enhancing tourism in the Kingdom. Alipay+ is a global mobile payment service from Ant International, the parent company of Alipay+, designed to expand its presence outside China, allowing for cross-border payments. Alipay+ integrates various payment methods from different countries and regions, enabling users to purchase products and services using their local payment systems, while merchants benefit from a comprehensive global payment platform. Faisal Al-Khamisi, chairman of barq, said: 'I am pleased today to express our pride and joy in signing the MoU with our partners at Alipay+, the leading international network. We are proud to be part of the expansion of Alipay+ worldwide, hoping that this important step will soon provide barq's customers with more solutions and benefits that will make their experience faster, easier, more flexible, and secure, which aligns with our goal of achieving their satisfaction and meeting their aspirations.' Leiming Chen, senior vice president and chief sustainability officer of Ant International, said: 'LEAP is a global platform for KSA's biggest innovators and fintech leaders. There is no better setting to join hands with barq to foster innovation and inclusion in the Kingdom through cross-border payments and mobile services for inbound and outbound travelers.' The agreement is a part of barq's efforts to expand its partnerships that support the development of its services and enhance the effectiveness, flexibility, and security of financial transactions. This aligns with Saudi Arabia's Vision 2030, which aims to develop the financial sector, especially amidst the rapid growth being witnessed in the fintech and digital payments sector in the Kingdom.
