New York: Omani startup 44.01 was today announced as the winner of the Air category of the XPRIZE’s carbon removal competition and awarded a $1 million XFACTOR prize. 44.01’s project, based in Fujairah, UAE, uses Direct Air Capture technology to capture CO2 from the air, which 44.01 then mineralises, ensuring it can never escape back into […]
Ajman, UAE: ruya (رويا), the UAE’s digital-first Islamic bank, is proud to announce a pioneering step in the region’s banking industry. In an unprecedented move, ruya has become the first Islamic bank globally to enable customers to buy and sell virtual assets, commonly known as “cryptocurrencies” including Bitcoin, directly through its mobile app. This service is part of ruya’s broader […]
Abu Dhabi, UAE – Pay10, a leading Alternative Payment Method (APM) provider headquartered in the UAE announces that it has become the first fintech company to go live in production on the Central Bank of the UAE’s (CBUAE) Open Finance Framework, authorizing it to provide payment initiation services including variable recurring payment. This milestone marks the first […]
Doha, Qatar – As part of its ongoing transformation journey, AlRayan Bank has officially launched the first-of-its-kind standalone Self-Service Digital Zone (ALRAYAN GO Kiosk) in the State of Qatar. This innovative concept reflects the bank’s continued commitment to enhancing customer experience through digitalization while upholding high service standards. The Self-Service Digital Zone is designed to bring […]
Dubai, United Arab Emirates – PayPal, the global digital commerce platform, has today opened a new regional hub in Dubai, which serves as the company’s first ever location in the Middle East and Africa. The Dubai Internet City site strengthens PayPal’s commitment to its customers and partners in the region and commitment to enabling millions more […]
Riyadh, Saudi Arabia – LandIn, a leading soft-landing partner for global startups, has announced a strategic partnership with Fintech News UAE, a premier platform for fintech developments in the UAE and MENA region. This collaboration is designed to empower high-potential founders by providing them with the tools, connections, and guidance needed to successfully enter and scale within Saudi […]
UAE-based crypto startup Resolv Labs has raised $10 million in a seed round led by Cyber.Fund and Maven11 and joined by Coinbase Ventures, SCB Limited, Arrington Capital, Animoca Ventures, Gumi Cryptos, NoLimit Holdings, and Robot Ventures. Founded in 2023 by Ivan Kozlov, Fedor Chmile, and Tim Shekikhachev, Resolv Labs provides a backed True-Delta Neutral Architecture for low-risk crypto investments. The funding […]
Dubai, UAE: Arabic.AI emerged from stealth mode today, unveiling what executives call the first truly agentic AI platform specifically engineered for Arabic language. The Dubai-based startup, with offices spanning MENA, the U.S., and Europe, enters the market with substantial technical advantages over global competitors. Founder’s Vision: A Deeply Local, Globally Competitive Model Founded by serial entrepreneur […]
Dubai, UAE – 22 April 2025: Al Ansari Exchange, the leading remittance and foreign exchange service provider in the UAE and a subsidiary of Al Ansari Financial Services, today announced the extension of its strategic partnership with Visa, a global leader in digital payments. This agreement represents the continuation of a robust and enduring collaboration, […]
The Innovative Startups and SMEs Fund (ISSF) – the largest investment fund of its kind in Jordan has announced a USD 3 million investment in the Antler MENAP Fund LP. The USD 60 million early-stage venture capital fund, launched by Antler, focuses on pre-seed to Series A investments across the MENA region, with a sector […]