The Central Bank of the UAE on Thursday introduced a new symbol for the nation’s currency, both in its physical and digital forms, marking a significant step in reinforcing the UAE’s status as a leading global financial center. According to the Emirates News Agency or WAM, the newly unveiled dirham symbol draws inspiration from the […]
Warner Bros. Discovery is taking a minority stake in Dubai-based OSN Streaming Ltd. in a bid to capture a slice of the fast-growing Middle Eastern entertainment market. Warner Bros. will pay $57 million for about a third of OSN Streaming, Joe Kawkabani, chief executive officer of parent OSN Group, said in an interview. The transaction […]
Valeo Health, a pioneering leader in AI-driven healthcare, has successfully raised $12 million in its Series B funding round, bringing its total funding raised to $20 million to date. Co-founded by Sundeep Sahni, Nadine Karadag, and Ankur Majumder, Valeo Health is redefining personalised, data-driven healthcare across the region. The round was led by Flintera, with […]
Lumi AI, a self-service data analytics and insights platform redefining how brands and retailers uncover value in their enterprise resource planning (ERP) data, is proud to announce the close of its $3.7 million seed funding round. The round was led by AgFunder, a Silicon Valley venture capital firm focused on early-stage AI startups solving supply […]
UAE: Epik Foods, the dynamic UAE-born F&B group has announced the acquisition of Sauce Capital, a prominent Abu Dhabi-based food group with a strong presence in Saudi Arabia. This milestone acquisition brings 15 new brands under the Epik Foods umbrella, reinforcing the group’s commitment to expanding its regional footprint and introducing diverse dining experiences. The acquisition […]
Dubai, UAE –– Al Ansari Digital Pay, the fintech arm of Al Ansari Financial Services PJSC (DFM: ALANSARI), has secured final approvals from the Central Bank of the UAE (CBUAE) for both the Stored Value Facility (SVF) and Retail Payment Services and Card Schemes (RPSCS) licenses. This marks a pivotal step toward the official launch of its […]
Dubai, UAE – Astra Tech announced the integration of Botim AI into its Botim Ultra App, bringing advanced AI capabilities to the platform and enhancing accessibility for over 150 million global users. This makes Botim the first fintech in the region to introduce this innovation. Botim AI is a chat assistant designed to elevate user engagement […]
Dubai, United Arab Emirates: Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, has signed a Memorandum of Understanding (MoU) with BlackRock to create an investment platform that will provide the bank’s wealth clients access to alternatives, specifically within private markets. Traditionally only available to institutional investors in the […]
Dubai, UAE – In a landmark move to accelerate the growth of startups, Ignyte has announced a strategic partnership with PayPal, one of the world’s leading fintech innovators. This collaboration aims to empower entrepreneurs across the UAE and the wider region by enabling seamless cross-border payments and fostering global business operations from day one. The partnership aligns with the Dubai […]
Dubai’s rise in the Global Financial Centre Index underscores the DIFC’s pivotal role in shaping the city as a major player in the fintech sector. Dubai has secured a spot among the top five cities worldwide for fintech, as revealed in the latest Global Financial Centre Index (GFCI) rankings. This recognition highlights the significant contributions […]