UAE

AI Startups Find Financing Pipeline in Middle Eastern Sovereign Wealth Funds 
AI Startups Find Financing Pipeline in Middle Eastern Sovereign Wealth Funds 
September 22, 2024  |  artificial intelligence

Sovereign wealth funds have reportedly become major players in the artificial intelligence (AI) funding race. Countries such as Saudi Arabia, Kuwait and the United Arab...

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Report: Revolut Looks to Expand Digital Banking License Effort to Middle East
Report: Revolut Looks to Expand Digital Banking License Effort to Middle East
September 13, 2024  |  Cross-border Payments

Revolut is reportedly looking to expand its business into Gulf Cooperation Council (GCC)-member countries. The British FinTech has submitted applications to become an electronic-money institution and...

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Report: UAE State-Backed Investment Company MGX Considers Investment in OpenAI
Report: UAE State-Backed Investment Company MGX Considers Investment in OpenAI
September 12, 2024  |  Investments

MGX, a United Arab Emirates (UAE) state-backed technology investment company, is reportedly considering participating in a multibillion funding round for OpenAI. The fund has not determined the...

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Dubai’s Ziina Raises $22 Million as UAE’s Small Business Sector Grows
Dubai’s Ziina Raises $22 Million as UAE’s Small Business Sector Grows
September 03, 2024  |  Investments

Ziina has raised $22 million to provide FinTech services for UAE-based small businesses. In an interview with TechCrunch Tuesday (Sept. 3), Co-founder and CEO Faisal Toukan said there were a...

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Ripple Launches Effort to Promote Blockchain Innovation in UAE
Ripple Launches Effort to Promote Blockchain Innovation in UAE
August 07, 2024  |  Blockchain

Blockchain solutions provider Ripple is set to team up with Dubai’s DIFC Innovation Hub. The collaboration is designed to accelerate blockchain and digital assets innovation in the United...

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Mamo Raises $4.3 Million for UAE Small Business Financing
Mamo Raises $4.3 Million for UAE Small Business Financing
July 28, 2024  |  Fintech Investments

Dubai-based financial services firm Mamo has raised $4.3 million in new funding. Founded in 2019, the company offers services such as payment collection, corporate cards...

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Emirates NBD Says Middle East’s Digital-First Approach Forces Treasury Management Change
Emirates NBD Says Middle East’s Digital-First Approach Forces Treasury Management Change
July 23, 2024  |  Banking

The payments landscape is a global one, meaning winning innovations have boundless room to scale. It also means that geographical positioning can help with strategically...

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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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Commercial Bank of Dubai and Visa Partner on Credit, Debit Cards
Commercial Bank of Dubai and Visa Partner on Credit, Debit Cards
July 08, 2024  |  Partnerships

Commercial Bank of Dubai has partnered with Visa on credit and debit cards, core data assets and insights, and marketing initiatives. These efforts are part of...

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