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Tarabut Opens Riyadh HQ To Drive Saudi Open Banking
MENA’s leading regulated financial platform has opened a regional headquarters to support Saudi Arabia’s open banking rollout in line with Vision 2030.
Tarabut, a leading regulated financial technology platform in Saudi Arabia, the UAE and Bahrain, has opened its regional headquarters in Riyadh, underlining its commitment to the Kingdom’s financial transformation agenda.
The new base will anchor Saudi-focused product development and client delivery, cementing Tarabut’s role as the main infrastructure and intelligence layer of this burgeoning financial technology.
The inauguration drew senior figures from partners including SNB, SAB, Alinma, Bank Aljazira and GIB, alongside board members and Tarabut leadership. Their presence showed the company’s close work with local banks and its role in the fintech ecosystem.
“Saudi Arabia has shown that transformation is not a buzzword, it is a blueprint,” said Abdulla Almoayed, founder and CEO of Tarabut. “Establishing our headquarters in Riyadh is a long-term commitment to the Kingdom, and our pledge to build, to serve, and to grow alongside our regulator, partners, shareholders, and team.” He credited the Saudi Central Bank and Tarabut’s Saudi talent for supporting the rollout of the fintech transformation.
Also Read: A Guide To Digital Payment Methods In The Middle East
With a permanent base in Riyadh, Tarabut will accelerate open banking and embedded finance use cases at a pivotal moment in the Kingdom’s rollout. The platform has already achieved full connectivity with all major Saudi banks and signed partnerships with SNB, Alinma and SAB. The company says its infrastructure will help financial institutions and fintechs tackle challenges in financing, credit decisioning and customer experience, while aligning with Vision 2030 goals.
The Riyadh HQ will also serve as a collaboration hub for regulators, banks and fintechs. By embedding itself locally, Tarabut aims to strengthen trust in the market and drive adoption at scale.
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At I/O 2026, Sundar Pichai Concedes AI Must Deliver Real Value
Gemini 3.5, a personal agent called Spark, agentic shopping, and Android XR eyewear are all aimed at making AI feel useful, not just impressive.
Google’s annual I/O developer conference (I/O 2026) has recently become a status update on the same question: can the company turn its AI spending into products people use every day? This year, chief executive Sundar Pichai described Google as being in a phase of hyper progress, while conceding this is the part of the cycle where people want to see real value in the products they use on a day-to-day basis.
The strategy on display was to push agents — AI systems that act on a user’s behalf — into nearly every Google product at once. Search now has an “intelligent search box” that returns generated explainer videos alongside links. Gmail, Docs, YouTube and Maps are gaining their own agent layers, including a Docs Live feature that turns spoken instructions into drafted text with citations.
Two new models, Gemini 3.5 and a cheaper Gemini 3.5 Flash, arrived the same day. Google says 900 million people now use Gemini, and that more than 50 billion images have been generated with it. The pricing tier names are likely to confuse buyers: a new AI Ultra plan launches at $100 a month, while the older Gemini AI Ultra drops from $250 to $200.
The flashier announcements were Gemini Omni, a video generator pitched as a more realistic answer to OpenAI’s discontinued Sora 2, and Gemini Spark, a personal agent that handles recurring tasks across a user’s Google account. A new universal shopping cart lets agents complete purchases across multiple retailers from inside Google itself, placing the company between the merchant and the buyer, and also owning the checkout.
Also Read: DJI Teases Dual-Camera Osmo Pocket 4P For 2026 Launch
Google also confirmed its Android XR eyewear, built with Samsung and frames from Warby Parker and Gentle Monster. Audio-only glasses ship this autumn; a display-equipped version, which would superimpose live translations into the wearer’s field of view, is still in development. Both sets translate, however only the display version shows you the result.
What Pichai did not resolve is the bargain underneath all this. An agent is only useful to the degree it knows your calendar, your inbox, your shopping history and your physical surroundings. Google has now confirmed that, in time, the same context may carry advertising.
