Issued by FAB and to be listed on ADX and made available on HSBC Orion platform Milestone listing reinforces ADX’s leadership in digital asset innovation and financial market modernization Abu Dhabi, United Arab Emirates: Abu Dhabi Securities Exchange (ADX), the largest exchange in the UAE and second largest exchange in the Middle East North Africa (MENA), […]
Saudi Arabia-based platform Flawless has raised $1.5 million in pre-seed funding, backed by unnamed angel investors focused on early-stage innovation. Founded by Shaimaa Alghamdi, the platform uses generative AI and social psychology to offer personalised career guidance. The company originated as a blog in 2023 and transformed into a full-fledged digital startup in 2024, targeting unmet demand […]
Doha, Qatar: Ooredoo, the country’s leading telecommunications provider, has announced the launch of advanced sovereign AI cloud services, built on the latest NVIDIA Hopper GPUs and hosted in its local data centres. This strategic deployment brings world-class accelerated computing capabilities to Qatar, significantly advancing the nation’s digital transformation agenda. By enabling advanced artificial intelligence applications without […]
Dubai, UAE — In a significant step towards strengthening UAE-India financial ties, Mashreq has announced that it is the first UAE-based bank to receive an In-Principle Approval (IPA) to establish an International Banking Unit (IBU) at GIFT City, India’s pioneering global financial services hub. This landmark approval marks a strategic milestone for Mashreq, underscoring the […]
Ajman, UAE – Ajman Bank has launched a comprehensive co-branded payment processing solution for its business clients, developed through its strategic partnership with VaultsPay, a Dubai-based CBUAE licensed fintech payment company with a global footprint. The newly launched program represents the latest milestone in the ongoing partnership between the two institutions, reflecting their joint commitment to […]
Saudi Arabia-based quick delivery company Ninja has officially achieved unicorn status after securing approximately USD 250 million in a funding round led by Riyad Capital, according to individuals familiar with the matter. The round values the three-year-old company at around USD 1.5 billion, making it one of the few tech unicorns in the Kingdom. Founded in 2022, Ninja offers ultra-fast delivery services […]
Ericsson (NASDAQ: ERIC) has inaugurated its new regional headquarters in Riyadh, Kingdom of Saudi Arabia (KSA). The new headquarters reflects Ericsson’s strong commitment to the Kingdom and the strategic role of the country in the company’s regional operations across the Middle East and Africa. The ceremony was attended by His Excellency Eng. Haytham AlOhali, Vice Minister […]
Manama, Bahrain – Standard Chartered, in partnership with Bahrain FinTech Bay, has announced the selection of ten promising female-led startups to join the sixth cohort of the Futuremakers Women in Tech Bahrain programme. This initiative continues to serve as a launchpad for women entrepreneurs driving innovation and impact across key sectors in the Kingdom. The programme […]
Abu Dhabi: The Central Bank of the United Arab Emirates (CBUAE) has issued commemorative gold and silver coins to honour the “Zayed and Rashid” campaign. The issuance celebrates the memory of the late Sheikh Zayed bin Sultan Al Nahyan and Sheikh Rashid bin Saeed Al Maktoum, may their souls rest in peace, embodying the leaders’ […]
Dubai, United Arab Emirates — American Express Middle East (AEME) announces that more than 13,000 taxis in Dubai operated by Franchised companies licensed by Dubai RTA (National Taxi, Arabia Taxi, Kabi Taxi, Dubai Taxi Corporation, and Metro Taxi) are newly accepting American Express payments. The agreement with Franchise companies provides greater payment choice and convenience for […]