MENA

Bahrain’s AI Push in Middle East Could Serve as Model for Region, Experts Say
Bahrain’s AI Push in Middle East Could Serve as Model for Region, Experts Say
September 23, 2024  |  Artificial Intelligence

Bahrain, an archipelago nation of 1.5 million people, is emerging as an unlikely leader in the artificial intelligence race in the Middle East. Bahrain’s push...

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AI’s Language Leaps May Speak to Business Frontier’s Shift
AI’s Language Leaps May Speak to Business Frontier’s Shift
September 12, 2024  |  artificial intelligence

New research is shedding light on how artificial intelligence language models handle multiple languages, a capability with potential implications for global commerce. African tech firms...

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Paymob Raises $22 Million to Expand in Egypt and GCC Countries
Paymob Raises $22 Million to Expand in Egypt and GCC Countries
September 11, 2024  |  Investments

Financial services enabler Paymob raised another $22 million to expand its offering in its core market of Egypt and its newer markets in Gulf Cooperation...

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Mastercard to Provide Payment Processing to Saudi Startup Barq
Mastercard to Provide Payment Processing to Saudi Startup Barq
September 06, 2024  |  Partnerships

Saudi financial services startup barq will leverage Mastercard Gateway technology to expand the range of payment acceptance solutions it offers to merchants and consumers. The startup’s partnership...

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Tarabut Acquires Vyne as New Open Banking Rules Come Online
Tarabut Acquires Vyne as New Open Banking Rules Come Online
September 03, 2024  |  Acquisitions

Open banking platform Tarabut has acquired British account-to-account (A2A) business payments platform Vyne. The deal, announced Tuesday (Sept. 3), is designed to strengthen Tarabut’s ability to offer faster and more...

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Cartona Raises $8.1 Million to Expand B2B Platform Across MENA
Cartona Raises $8.1 Million to Expand B2B Platform Across MENA
August 05, 2024  |  B2B Payments

Cartona has raised $8.1 million in a Series A extension fundraise to continue growing the product rollout, verticals and offerings of its B2B platform for businesses...

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Mastercard and Network International Launch Business Payment Solutions in UAE
Mastercard and Network International Launch Business Payment Solutions in UAE
July 11, 2024  |  B2B Payments

Network International has introduced new Business Payment Solutions for companies in the United Arab Emirates (UAE). These solutions were launched in partnership with Mastercard and include card...

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Mastercard and LuLu Collaborate on Cardless Payments
Mastercard and LuLu Collaborate on Cardless Payments
July 05, 2024  |  Payment Methods

Mastercard is expanding its partnership with Dubai-based retail conglomerate LuLu Group. The collaboration, announced Friday (July 5), will extend across the markets of Bahrain, Kuwait,...

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Visa Teams With Dubai’s MoneyHash on Digital Payment Security
Visa Teams With Dubai’s MoneyHash on Digital Payment Security
May 08, 2024  |  Partnerships

Dubai-based payments firm MoneyHash launched a partnership with Visa. The collaboration is designed to offer secure digital payments for MoneyHash’s clientele in the Middle East/North Africa (MENA) region, who rely on...

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