Saudi renews bid to be Middle East fintech leader with Riyadh conference

Saudi renews bid to be Middle East fintech leader with Riyadh conference

Saudi Arabia made a fresh bid to position itself as the Middle East’s fintech hub, aiming to attract foreign firms and ultimately overtake the UAE in financial innovation. At a packed exhibition hall on the edge of Riyadh this week, more than 1,000 investors and executives from mostly US and Chinese firms mingled with local startups.Saudi firms were mostly driving the headlines — buy-now-pay-later firm Tamara secured a $2.4 billion credit line, …