Alibaba.com Launches CoCreate Pitch: A $1 Million Global Competition for SMEs & Entrepreneurs

Alibaba.com Launches CoCreate Pitch: A $1 Million Global Competition for SMEs & Entrepreneurs

Flagship Event CoCreate 2025 to Be Held in Las Vegas and London NEW YORK, June 26, 2025 — Alibaba.com, a leading B2B e-commerce platform, today announced the newly expanded pitch competition, CoCreate Pitch, which will take place at  the Company’s annual flagship CoCreate event. The competition will allow global SMEs with product dreams to compete for a $1 million prize pool. In addition […]

Dubai-Based idea-L® raises $1mln in oversubscribed pre-seed to launch AI-powered cofounder platform across the Middle East

Dubai-Based idea-L® raises $1mln in oversubscribed pre-seed to launch AI-powered cofounder platform across the Middle East

Headquartered in Dubai, idea-L® is strategically positioned at the heart of the Middle East’s thriving innovation economy. DUBAI, UAE: idea-L®, the artificial intelligence (AI) and Web3-powered platform that turns ideas into investor-ready ventures, and potential into progress, announces the close of an oversubscribed $1 million pre-seed round. The round, secured from a wide syndicate of investment […]

UAE’s FinTech Sector on Track for $5.71bln Boom by 2029, According to Emirates NBD–PwC Report

UAE’s FinTech Sector on Track for $5.71bln Boom by 2029, According to Emirates NBD–PwC Report

The UAE FinTech market is projected to grow from USD 3.16 billion in 2024 to USD 5.71 billion by 2029 89% of UAE consumers now use digital-first bank accounts Artificial Intelligence is transforming financial services, enhancing personalisation, compliance and risk management Collaboration across the ecosystem and innovative policies are driving regional FinTech leadership Dubai, United […]

Tesla officially opens its First Center in Riyadh, Saudi Arabia

Tesla officially opens its First Center in Riyadh, Saudi Arabia

Tesla today, announces the opening of its first Center in Riyadh, Saudi Arabia, located on Takhassousi Rd. This reflects the Kingdom of Saudi Arabia’s growing demand for electric vehicles and its commitment to sustainable transportation, in line with Saudi Vision 2030. On Thursday, June 26, the Tesla Center in Riyadh officially opens to the public. With […]

Austrian AI hotel platform Chatlyn Raises USD 9.3M to Scale in the Middle East

Austrian AI hotel platform Chatlyn Raises USD 9.3M to Scale in the Middle East

Vienna-based startup serving 1,000+ properties raises funding to revolutionize hospitality communication with industry-first AI. chatlyn recently opened its Dubai office to strengthen its presence in the Middle East Vienna, Austria: chatlyn, the AI communication hub transforming how hotels engage with guests across every touchpoint, announced today it has secured $9.3 million (€8 million) in Series A […]

Mashreq Expands Global Footprint with New Representative Office in Türkiye

Mashreq Expands Global Footprint with New Representative Office in Türkiye

Cairo, Egypt: Mashreq, one of the leading financial institutions in the MENA region, has announced the opening of its representative office in Türkiye, reinforcing its long-standing commitment to supporting Turkish financial institutions and corporates. As one of the largest and most active correspondent banks operating in Türkiye, Mashreq has played a vital role in channeling risk […]

Mastercard Launches AI-Powered Account Intelligence Reissuance Service to Combat Card Fraud Across EEMEA

Mastercard Launches AI-Powered Account Intelligence Reissuance Service to Combat Card Fraud Across EEMEA

Dubai, UAE: Mastercard has introduced Account Intelligence Reissuance, an advanced fraud prevention service to efficiently manage the card reissuance process, in the Eastern Europe, Middle East and Africa (EEMEA) region. The product leverages Mastercard’s proprietary Artificial Intelligence (AI) technology and network purview to assess the level of risk associated with a card and provide AI-driven actionable recommendations about […]

BipTap and Al Fardan Ventures Partner to Launch Global Digital Bank from Abu Dhabi

BipTap and Al Fardan Ventures Partner to Launch Global Digital Bank from Abu Dhabi

BipTap, the innovative omnibanking platform, has officially signed a strategic partnership agreement with Al Fardan Ventures, represented by renowned technology leader Mr. Mohammed Ebrahim Al Fardan, to establish a next-generation global digital bank headquartered in Abu Dhabi. This landmark agreement paves the way for the launch of a fully digital wholesale and retail bank, designed […]

Google Pay Launches in Lebanon in Collaboration with Visa

Google Pay Launches in Lebanon in Collaboration with Visa

Beirut, Lebanon, June 24, 2025: Visa (NYSE: V), a global leader in digital payments, has announced the launch of Google Pay in Lebanon, in collaboration with Google. Starting today, Visa cardholders of BLOM and BLF can add their Visa cards to their Google Wallet on Android and Wear OS devices, allowing payments to be made wherever […]

Aria Ventures launches $1mln fund to bolster deeptech investment in Egypt

Aria Ventures launches $1mln fund to bolster deeptech investment in Egypt

Cairo – Aria Ventures, a specialized venture studio focused on building startups, has announced the launch of a 50 million EGP investment to support promising companies in the Deep-Technology sector. This initiative aims to bridge the gap between pioneering research and market applications, enabling deep technological innovations to grow and flourish. Aria Ventures aims to increase this […]