This week IFAD launched  the Platform for Remittances, Investment and Migrants’ Entrepreneurship (PRIME) Central Asia Initiative in Kazakhstan, the Kyrgyz Republic, Tajikistan, and Uzbekistan.

With the new licensee, there are now six authorized companies offering consumer microfinance solutions in Saudi Arabia.

The world's first Iris-enabled payment platform and a leading provider of innovative Government digital services collaborate for more efficient, inclusive and trusted distribution social protection payments.

Saudi Venture Capital Company, in partnership with the Capital Market Authority and the Financial Sector Development Program has launched a new product designed to support the growth of the fintech industry in Saudi Arabia.

The Line of Finance aims to promote Islamic finance, improve financial inclusion, and support private sector development in Uzbekistan.

The proceeds of this Social Bond are to be allocated towards both micro loans up to $10,000 to microenterprises and SME loans up to $1 million to small and medium enterprises.

Up to 77 percent of consumers in the Kingdom spending more money online since the onset of the pandemic.

IFC's $5 million investment will provide critical working capital to help them continue their operations and stay afloat during the ongoing public health crisis.

The solution offers customers a convenient and simple method for Savings Groups’ habit.