Saudi Central Bank Signs Fintech Cooperation Agreement with Singapore Monetary Authority

The Saudi Central Bank (SAMA) signed a cooperation agreement with the Monetary Authority of Singapore (MAS). SPA
The Saudi Central Bank (SAMA) signed a cooperation agreement with the Monetary Authority of Singapore (MAS). SPA
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Saudi Central Bank Signs Fintech Cooperation Agreement with Singapore Monetary Authority

The Saudi Central Bank (SAMA) signed a cooperation agreement with the Monetary Authority of Singapore (MAS). SPA
The Saudi Central Bank (SAMA) signed a cooperation agreement with the Monetary Authority of Singapore (MAS). SPA

The Saudi Central Bank (SAMA) signed a cooperation agreement with the Monetary Authority of Singapore (MAS) on Wednesday in the fields of fintech (finance technology) and innovation.

The agreement was signed by SAMA Governor Ayman Al-Sayari and Singapore Minister for Foreign Affairs Dr. Vivian Balakrishnan, representing MAS, in Riyadh.

The agreement aims to strengthen collaboration and foster mutual development of the two organizations. It seeks to facilitate activities in international markets while respecting the rights and obligation of both parties, provide a robust framework for cooperation between the innovation departments of both organizations, establish effective mechanisms for sharing information regarding fintech and innovation, promote their utilization in the markets, and enhance cooperation and foster coordinated efforts in areas of mutual interest.

The cooperation agreement represents a landmark milestone in advancing fintech and innovation, showing high commitment to leveraging resources and expertise available to both parties.



Saudi Arabia to Hold First Drone and AI Exhibition on Monday

Saudi Arabia to Hold First Drone and AI Exhibition on Monday
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Saudi Arabia to Hold First Drone and AI Exhibition on Monday

Saudi Arabia to Hold First Drone and AI Exhibition on Monday

The inaugural Saudi Arabia AI and Drones Exhibition and Forum (SAADEF) will be in Riyadh held on Monday.

Organized by the Saudi Ministry of Environment, Water, and Agriculture, it will be held under the theme "Integration of Drones and Artificial Intelligence".

Supported by the Fédération Aéronautique Internationale, the three-day event will showcase the rapid advances in drone and AI applications in the agricultural sector. It will bring together top exhibitors, investors, and global experts.

SAADEF aims to support Saudi Arabia's Vision 2030 by advancing economic diversification and promoting sustainability through innovative technology.

As one of the first exhibitions of its kind in the region, SAADEF represents a milestone in promoting and marketing drone investment in agriculture, further positioning the Kingdom as a regional leader in this high-growth field.