SoftBank is close to finalizing a $40 billion primary investment in OpenAI at a $260 billion pre-money valuation, sources told CNBC’s David Faber. SoftBank would pay out the funding, which would mean a $300 billion post-money valuation for OpenAI, over the next 12 to 24 months, with the first payment coming as soon as spring, Faber […]
Proper personal financial management is essential for achieving financial stability and success in the long term. Setting a solid financial plan can make a great difference in a place like the UAE, which is characterized by a high cost of living and variety of financial opportunities. This guide intends to give you a better understanding […]
The Dubai International Financial Centre (DIFC) has launched the Dubai Financial Experts Program, with the aim of developing the next generation of Emirati leaders who will drive innovation within financial institutions in Dubai, the UAE, and globally. The programme, designed to graduate Emirati leaders, is being delivered in collaboration with the Mohammed bin Rashid Center […]
QDB continued to be a key player in the Qatari VC space maintaining its growth in 2024; over the past nine years, it has invested QR302.4mn, and invested in eight funds. Qatar’s VC (venture capital) funding reported a remarkable 135% year-on-year rise to an all-time high of QR115mn in 2024, defying 19% and 29% decline […]
Sharjah, UAE – Emirates Development Bank (EDB) reaffirmed its commitment to fostering entrepreneurship and innovation by actively participating in the 8th edition of the Sharjah Entrepreneurship Festival (SEF) 2025, held at the Sharjah Research, Technology, and Innovation Park from February 1-2. Under the theme “Where We Belong,” the festival brought together over 300 global speakers from […]
Istanbul, Turkey – Turkish fintech startup Fimple has successfully raised $12 million in a Series A funding round led by DN Capital and Smartfin, with participation from APY Ventures and Tera Portfolio. The company plans to utilize the funds to accelerate product development and expand its presence in the MENA and CIS regions. Revolutionizing Core […]
STARTRADER has officially secured its Securities and Commodities Authority (SCA) license in the United Arab Emirates, reaffirming its commitment to enhancing client satisfaction and delivering excellence through tailored financial solutions. With the addition of the SCA license 20200000241, the STARTRADER Group now holds a total of six financial services licenses, including those regulated by the […]
Ras Al Khaimah, UAE – RAK Digital Assets Oasis (RAK DAO), the UAE’s leading Free Zone for digital assets companies, has announced the launch of its inaugural accelerator program, ‘Builder’s Oasis.’ With a funding pool of $2 million, this program is designed to support Web3 startups in the gaming, AI, and blockchain infrastructure sectors. The program aims to attract […]
VISARUN.AI, an AI-powered visa-as-a-service platform, has raised $700,000 in pre-seed funding from Swiss and UAE-based angel investors with extensive experience in e-commerce and trading. The investment will fuel the company’s platform development, sales team expansion, and strategic market penetration initiatives. With the MENA region experiencing significant backlogs and processing times due to high application volumes […]
44.01 has received an additional $5m in Series A investment from Norwegian sovereign investor Nysnø Climate Investments and Jasoor Ventures, bringing the total Series A fundraise to $42m. $5m top-up raised from sovereign investor Nysnø Climate Investments (Nysnø) and MENA-focused Jasoor Ventures. Investment from Norway and MENA reflects international optimism about the potential of mineralisation. […]