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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.

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tarabut opens riyadh hq to drive saudi open banking

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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Abu Dhabi’s Robot Kitchen Is Serving Up Biryani, Not Burgers

Circus SE wants to put a tiny automated factory inside the buildings where Gulf residents live and work, bypassing part of last-mile delivery.

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abu dhabi's robot kitchen is serving up biryani not burgers
Circus SE

The most telling thing about a new autonomous kitchen now running in Abu Dhabi’s Marina Square is what it won’t cook:

“We don’t do fast food,” says Nikolas Bullwinkel, Founder and CEO of Circus SE. “We’ve actively decided not to build a machine that can only do burgers”.

Instead, the CA-1 system is built around pot-based cooking: curries, pastas, soups and rice dishes. After experimenting with highly personalized recipes, Circus deliberately leaned back toward recognizable food. “We’re going with a chicken biryani because you know it,” Bullwinkel says of the AED 40 dish.

circus se ca-1 robot system

The Germany-based robotics and food technology company operates across eight countries, and Abu Dhabi is its first deployment outside Europe. More locations are expected there and in Dubai.

In Germany, its units can be placed in supermarkets, gas stations, airports and hospitals. In the Gulf, Bullwinkel wants them inside residential and office buildings, replacing some of the complexity of last-mile delivery. “We’re basically bringing a very tiny factory a few square meters into your building,” he says. Catering company Royal Prestige supplies the ingredients and knowledge of local tastes.

The CA-1 manages up to 36 refrigerated ingredient silos alongside automated induction cooking, robotic plating and a self-cleaning dishwasher. Two robotic arms move ingredients through the system with minimal human intervention. It can produce up to 120 hot meals an hour, and a meal such as rice and curry can take around three to four minutes.

Also Read: Ooredoo Qatar’s 5G+ Network Is Built For Machines As Much As People

Five cameras and multiple sensors monitor heat, temperature and consistency, an attempt to approximate what a chef perceives. “You can hear something gets burned, you can smell it, you can see it at some point,” Bullwinkel says. CircusOS, the company’s operating system, adjusts recipes in real time.

You might think of the platform as a threat to kitchen staff, but Bullwinkel frames Circus as a way for chefs to develop recipes and distribute them at scale. With that being said, rising labor costs and shortages are also part of his case for automation.

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