Dubai, UAE – Citi and Mastercard have partnered to launch the Citi Ultima Mastercard credit card in the UAE. The card, which is new to market, was introduced to select clients at a Citigold Private Client exclusive Gala Dinner in Dubai. Building on Citi Wealth’s full suite of offerings, the exclusive all-metal card aims to […]
Dubai, UAE – Sigma Capital, a Web3 early-stage venture capital (VC) firm operating across the GCC, has announced the launch of a US$100 million fund aimed at accelerating Web3 innovation in the Middle East and globally. The fund will focus on early-stage investments in decentralized finance (DeFi), blockchain infrastructure, real-world asset tokenization, gaming, and the […]
UAE-based Opteam, an innovative AI-driven construction management software, has announced today that it has successfully closed its pre-seed round for an undisclosed amount from Plus VC, MENA’s most active venture capital firm, to accelerate its mission of transforming the construction industry. Other strategic investors who participated in the seed round are Dar Ventures, the VC […]
Dubai, UAE—Deus X Pay, a regulated institutional stablecoin payment provider, is thrilled to announce its strategic payment partnership with BCB Group, a leading provider of payment and trading services for the digital asset economy. This integration offers instant settlement of fiat currencies, enabling faster, cheaper, and safer financial transactions for clients. Through this collaboration, Deus […]
and a Moroccan Business Angel in the Sports industry with public honor Loans from Tamwilcom and Near East Foundation. Casablanca January 9th 2025 We are thrilled to announce Witamax’s $600K pre-seed investment in Washminute, a groundbreaking Moroccan startup revolutionizing the smart car wash industry! Alongside Tamwilcom and a visionary business angel from the Moroccan sports […]
Dubai, UAE – Tokinvest, a trailblazing platform for Real-World Asset (RWA) investing, has achieved a groundbreaking milestone by becoming the first company within Dubai’s DMCC Free Zone to secure a full market license from the Dubai Virtual Assets Regulatory Authority (VARA). Pioneering Tokenised Investments The VARA license empowers Tokinvest to operate as a virtual asset […]
Abu Dhabi, UAE – American Express Middle East has announced its latest merchant agreement with ADNOC Distribution, the UAE’s largest fuel and convenience retailer, welcoming American Express Card payments at more than 500 ADNOC fuel stations and Oasis mini markets spread across the United Arab Emirates. This agreement is part of American Express Middle East’s […]
Arab Advisors Group released a new research report exploring the growing fintech market in the Arab World. The report expands on the current fintech landscape in the Arab region, covering the fintech regulatory frameworks, licensing, legality of cryptocurrency, fintech goals and initiatives, challenges and governmental vision for the sector in 19 Arab countries. Moreover, Arab […]
Dubai, UAE: After a successful round of funding, Teammates.ai launches a category-defining platform that drastically transforms the way businesses operate. Previously known as Uktob.ai, the rebranded platform builds on its experience in artificial intelligence (AI) agents, enabling businesses to use AI to take on entire job functions through Autonomous AI Teammates. This announcement marks a significant milestone […]
Dubai, January 13, 2025 — Halo AI, the innovative platform reshaping how brands and creators collaborate, announced the successful closing of a $6 million seed funding round. Led by Raed Ventures and Shorooq, the round also saw participation from strategic investors, including former C-level executives from Snapchat, leaders from Microsoft and Airbnb, senior executives from […]