Riyadh fintech forum ‘a turning point’ in Swiss-Saudi partnership

Riyadh fintech forum ‘a turning point’ in Swiss-Saudi partnership
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Swiss Embassy and Fintech Saudi organized the first Saudi-Swiss Fintech Forum on Nov. 25 - 26 in Riyadh. (Supplied)
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Updated 28 November 2024
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Riyadh fintech forum ‘a turning point’ in Swiss-Saudi partnership

Riyadh fintech forum ‘a turning point’ in Swiss-Saudi partnership

RIYADH: The Switzerland Embassy in coordination with the Saudi Ministry of Investment and Fintech Saudi organized the first Saudi-Swiss Fintech Forum in Riyadh.

Swiss and Saudi experts took part in the event on Nov. 25-26 under the theme “Connecting Leaders across Borders.”

The forum provided a platform for the exchange of ideas and the rethinking of traditional financial models.

Switzerland is an established financial hub and Saudi Arabia has the largest financial services industry in the Middle East.

Swiss Ambassador to Saudi Arabia, Yasmine Chatila Zwahlen, said the forum marked a turning point in the development of the partnership between Switzerland and Saudi Arabia.

Nezar Al-Haidar, CEO of Fintech Saudi, said the collaboration between Fintech Saudi and its Swiss counterparts creates opportunities for knowledge sharing, and paves the way for access to new markets.

The leaders are working to make Saudi Arabia a global fintech hub, and this collaboration deepens the ties between our ecosystems, he added.

Arab News met Saudi and Swiss experts at the forum, who discussed finance, market opportunities and the importance of Swiss expertise in Saudi Arabia’s fintech development.

Yazeed Al-Shamsi, co-founder and CEO of Ejari, said: “Our perception of Swiss cooperation is positive. Fintech is the sector that has received the most funding in Saudi Arabia in the last three or four years. There is still room for growth.”

Al-Shamsi said that the banking and insurance sectors contribute significantly to gross domestic product, and there are still opportunities in wealth management, investment, financing, and alternative financing. 

Abdulmajeed Al-Askar, CEO of MoneyMoon, told Arab News that Saudi companies see Swiss-Saudi cooperation as a chance to bridge two diverse but complementary markets.

Switzerland has a long history of financial expertise, while Saudi Arabia is becoming a hub of entrepreneurial energy and digital adoption.

This collaboration is about building long-term partnerships that enable both sides to innovate and scale faster, Al-Askar said.

Saudi Arabia has many talented financial leaders and professionals, he added.

“By combining expertise with a forward-thinking approach, we can create an ecosystem that sets new benchmarks. Saudi Arabian leaders can design solutions tailored to the population’s needs. With new talent, we are creating an entirely new financial paradigm for the region.” 

Eva Selamlar, head of the Swiss Financial Innovation Office, said that Swiss companies can contribute their expertise to help Saudi Vision 2030. 

Andreas Iten, CEO of Tinety, said: “There are many opportunities in this market. The regulatory framework is favorable, so Swiss companies should look at it because there are great opportunities and a big need for digital solutions.”

The forum explored the opportunity for Switzerland and the Kingdom to advance their ambitions in the financial technology sector, in line with Vision 2030.


Saudi aid agency KSrelief delivers food to needy

Saudi aid agency KSrelief delivers food to needy
Updated 11 June 2025
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Saudi aid agency KSrelief delivers food to needy

Saudi aid agency KSrelief delivers food to needy
  • The distribution is a part of the 2025 emergency food and clothing aid project in Lebanon

RIYADH: Saudi Arabia’s aid agency KSrelief has distributed 360 food packages to vulnerable individuals in Lebanon’s cities of Tripoli and Jbeil, benefiting 1,800 people.

The distribution is a part of the 2025 emergency food and clothing aid project in Lebanon, the Saudi Press Agency reported on Wednesday.

Meanwhile, the charity distributed 1,780 sacrificial animals in the Al-Madinah and Al-Wadi districts of Yemen’s Marib governorate on Sunday.

The initiative benefited 3,560 families under an Eid Al-Adha project in Yemen.


Newly appointed Saudi ambassador to Mexico presents his credentials

Newly appointed Saudi ambassador to Mexico presents his credentials
Updated 11 June 2025
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Newly appointed Saudi ambassador to Mexico presents his credentials

Newly appointed Saudi ambassador to Mexico presents his credentials

RIYADH: Saudi Arabia’s newly appointed ambassador to Mexico has presented his credentials to the North American state’s foreign ministry, the Saudi Press Agency reported.
Fahad bin Ali Al-Manawer handed over a copy of his credentials to Ambassador Jonathan Chait Auerbach, the director general of protocol at the ministry, at a reception held on Tuesday. 
The diplomats also reviewed relations between their nations at the meeting.
Al-Manawer took his oath of office in from to the Saudi Crown Prince Mohammed bin Salman in March, in a ceremony attended by the Saudi Foreign Minister Prince Faisal bin Farhan.


Saudi FM attends Oslo Forum in Norway

Saudi FM attends Oslo Forum in Norway
Updated 10 June 2025
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Saudi FM attends Oslo Forum in Norway

Saudi FM attends Oslo Forum in Norway
  • Forum hosts global leaders and conflict mediators
  • Prince Faisal bin Farhan will meet foreign officials

RIYADH: Saudi Foreign Minister Prince Faisal bin Farhan arrived in the Norwegian capital on Tuesday to take part in the Oslo Forum.

The annual event, organized by the Norwegian Ministry of Foreign Affairs in collaboration with the Center for Humanitarian Dialogue in Switzerland, hosts global leaders and conflict mediators.

Prince Faisal will meet foreign officials to strengthen relations with the Kingdom and discuss various regional and international issues, the Saudi Press Agency reported.


What pilgrims are sharing online after their Hajj journey

What pilgrims are sharing online after their Hajj journey
Updated 10 June 2025
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What pilgrims are sharing online after their Hajj journey

What pilgrims are sharing online after their Hajj journey
  • Worshippers take to social media to share profound experiences with loved ones
  • Posting online becomes a way to process the weight of Hajj for many

RIYADH: For many pilgrims, the spiritual journey of Hajj does not end when they leave the holy sites. It continues — quietly, intentionally — in the days and weeks that follow.

Across Saudi Arabia, young pilgrims are using social media to process the weight of Hajj and share the experience with loved ones.

Noor Ahmad, 21, did not plan to post during her pilgrimage. But after she returned, the urge to share came naturally.

After returning from Hajj, I decided to share a few captured moments. But how can a photo truly capture the depth and majesty of the experience?

Noor Ahmad

“After returning from Hajj, I decided to share a few captured moments,” she said. “But how can a photo truly capture the depth and majesty of the experience?”

She described how people responded in varied ways. “Those who had gone before felt nostalgic and started sharing their own stories. Others — those who hadn’t been yet — expressed their longing. It became this moment of connection.”

For Noor, the decision to post was not about aesthetics. “It’s a monumental event. Maybe I could inspire someone who’s hesitant to go. Maybe they’ll see what I saw — and want to experience it for themselves.

“It was my way of saying thank you”

Shatha Al-Jadaan, 25, took a different approach to sharing, after taking a digital detox.

I enjoy sharing meaningful moments, and after seeing the tremendous effort put into Hajj on every level, I felt my post was a small, sincere gesture of appreciation.

Shatha Al-Jadaan

“During Hajj, I decided to partially fast from social media. I used only the essentials,” she said. “After I returned, I posted a thread to my close friends explaining where I’d been and shared some of the most meaningful moments.”

The response was full of prayers and warmth. “People were kind, supportive, and curious. But what mattered most to me was that I used the thread to say thank you — to the organizers, to the volunteers, and to Allah.”

She spoke about how she found value in using digital platforms to document something greater than herself.

“I enjoy sharing meaningful moments, and after seeing the tremendous effort put into Hajj on every level, I felt my post was a small, sincere gesture of appreciation.”

Salem Al-Khudair, 28, recorded a voice note to his family group chat while performing the rites.

“I just couldn’t find the words to write. So I recorded myself speaking right after standing in Arafat. I sent it to my family WhatsApp group. My mom was emotional. My dad said, ‘May God accept from you.’ That was enough.”

In an age of curated content, Hajj posts tend to stand out for their sincerity. Pilgrims often strip away the filters, metaphors and trend-driven formats, and just speak from the heart.

Noura Al-Dosari, 23, uploaded a private Instagram story highlight with no captions. “Just visuals. No filters. No hashtags,” she said. “It wasn’t for followers. It was for me. For reflection. A digital bookmark of who I became.”

Some write long captions, others simply post a photo of their ihram folded neatly back into a drawer.

But all of them carry a silent message: I went. I came back different.

Many pilgrims use their posts to recall moments of physical hardship that brought emotional breakthroughs — the heat, the long walks, the brief but powerful connections with strangers.

Others use it to highlight the seamless organization of the pilgrimage as a reminder of how far the experience has evolved.

Amani Al-Saad, 26, used X to share a short story about a volunteer who helped her carry her bag in Muzdalifah. “She didn’t speak much, but she smiled at me and said, ‘This is what we’re here for.’ That stuck with me. I wrote about it as a reminder to myself — that sometimes the smallest moments hold the most meaning.”

While digital connections are increasingly common, most pilgrims emphasize that the real processing happens offline — in quiet conversations with family, in their prayer rooms, or on long drives home.

“I didn’t post to perform,” said Al-Jadaan. “I posted to remember.”

 


National Water Co. ready for post-Hajj season

National Water Co. ready for post-Hajj season
Updated 10 June 2025
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National Water Co. ready for post-Hajj season

National Water Co. ready for post-Hajj season
  • The company added the plan included securing water storage and coordinating with water production and distribution systems

MADINAH: The National Water Co. has confirmed it is operationally ready for the post-Hajj season.

The company said it would distribute more than 630,000 cubic meters of potable water daily to pilgrims at the Prophet’s Mosque and throughout Madinah and said its readiness built on ongoing efforts to serve pilgrims and visitors.

The plan involves more than 1,200 employees, including technical, administrative and engineering staff, working to provide water and environmental services.

The company added the plan included securing water storage and coordinating with water production and distribution systems, the Saudi Press Agency reported.

Water will be supplied daily during the post-Hajj season through continuous pumping to the central area and religious sites. Chemical and biological tests will be conducted to ensure compliance with water quality standards.

The company said its smart operation system continues to manage and monitor Madinah’s water network, overseeing water pressure and quality in pipelines and reservoirs.