Dubai, United Arab Emirates: Zand, the UAE’s first fully licensed, AI-powered digital bank, has announced a collaboration with Klickl International (Klickl), a forward-thinking Web 3.0 Open Finance platform headquartered in the UAE. This collaboration highlights Klickl’s commitment to elevating its operations by utilizing Zand’s comprehensive banking products and innovative solutions. Zand recently announced that it […]
Dubai, UAE – MilkStraw AI, an innovative company building intelligent software to help startups and enterprises optimize their cloud infrastructure costs, has announced the successful closure of a $600,000 pre-seed funding round. The round was led by Flat6Labs, with additional participation from Angel Spark, Beyond Capital, and several strategic investors. Tackling Cloud Cost Challenges Founded […]
KARACHI: Mashreq Pakistan has become the first bank in the country to launch pilot operations as a digital retail bank, following the issuance of a restricted license from the State Bank of Pakistan (SBP). As part of the leading MENA-based financial institution Mashreq, Mashreq Pakistan has achieved key milestones since incorporating operations in 2023. These include receiving […]
January 3, 2025 Abu Dhabi, UAE – ADGM, the international financial centre of the UAE’s capital, has announced an updated fee schedule for obtaining and renewing an ADGM commercial licence. Effective from 1st January 2025, fee reductions of 50% or more apply to non-financial and retail businesses within the ADGM jurisdiction. This initiative aims to enhance […]
Abu Dhabi, UAE — The Authority of Social Contribution – Ma’an has entered into a strategic partnership with Hub71, Abu Dhabi’s global tech ecosystem, to champion social tech entrepreneurship and create enduring social impact in the emirate. The collaboration aims to bolster the growth of social tech startups by offering them access to resources, mentorship, […]
Riyadh, Saudi Arabia – Saudi Venture Capital (SVC) has announced its investment in Global Ventures III, an early-stage venture capital fund managed by the renowned UAE-based Global Ventures. With a fund size exceeding $150 million, the initiative aims to bolster technology and tech-enabled sectors across Saudi Arabia, the Middle East and North Africa (MENA), and […]
Mubadala and its subsidiaries deployed $29.2bln in 2024, up from $17.5bln invested in 2023. Date: January 1, 2025 DUBAI – Abu Dhabi’s Mubadala Investment Company accounted for about 20% of the almost $136.1 billion spent by sovereign wealth funds worldwide last year, overtaking Saudi Arabia’s wealth fund amid a surge in spending from Gulf countries. Mubadala […]
As a leader in the mortgage sector, Banque Misr offers a wide range of mortgage products through Central Bank initiatives and independently, catering to various customer segments both within Egypt and abroad. Date: January 1, 2025 Egypt – Banque Misr has announced a significant increase in its mortgage portfolio, which rose by approximately EGP 3bn in 2024, […]
Bitcoin surges over 120% and hits $100,000 milestone in 2024. Date: January 1, 2025 Bitcoin more than doubled in 2024 driven by the U.S. markets regulator’s approval for exchange-traded funds tied to its spot price, and optimism over easing regulatory hurdles with Donald Trump set to return to the White House. The world’s largest and […]
Date: January 1, 2025 Devsinc, one of Pakistan’s largest IT companies and a growing global force in technology innovation has announced a 100% acquisition of Alchemative Group, a leader in eCommerce and digital retail solutions. This acquisition marks a strategic step in Devsinc’s mission to deliver transformative technology solutions, strengthening its footprint across key markets, including Pakistan, […]