Commits $13bn (£10bn) in global investments over five years to drive its expansion, including a $4bn (£3bn) commitment to the UK supporting over 1,000 new jobs in the market. Targets the major milestone of 100 million retail customers globally by mid 2027. Recently surpassed $1bn (£741m) milestone in annualised revenue for Revolut Business, cementing its […]
SAN JOSE, Calif., September 24, 2025 — PayPal Holdings, Inc. (NASDAQ: PYPL) today announced a commitment to invest $100 million throughout the Middle East and Africa, fueling innovation, supporting entrepreneurs, and driving inclusive economic growth in one of the world’s fastest-growing digital commerce regions. This strategic investment will be deployed through a mix of minority investments, […]
The Technology Innovation Institute (TII), the applied research arm of Abu Dhabi’s Advanced Technology Research Council (ATRC), has joined forces with NVIDIA, the world leader in accelerated computing and AI, to launch the Middle East’s first Joint Lab dedicated to both artificial intelligence and robotics. This landmark collaboration establishes a first-of-its-kind hub in the region […]
Mukuru, an African fintech platform, announced a strategic partnership with MoneyGram, a global payments network for consumers, businesses, and communities. The collaboration connects Mukuru to the global MoneyGram network and links two advanced financial technology platforms to deliver faster, more affordable, and inclusive remittance services across Africa, Asia, and beyond. According to Oui Capital’s latest market report, Africa’s […]
Damascus, Syria: Mastercard has signed a landmark memorandum of understanding (MoU) with the Central Bank of Syria to collaborate on the development of a national payments ecosystem in the country. In a pivotal step toward exploring ways to advance the country’s digital payments capabilities, this strategic alliance will explore opportunities to expand access to essential […]
Born from a unique collaboration between principal investors and technology pioneers, this fund is poised to deploy significant capital into AI ventures worldwide. Abu Dhabi, UAE – Presight, a leading global AI and big data analytics company, and Shorooq, a leading Abu Dhabi-headquartered investment firm regulated by the FSRA as Fund Manager, today announced the launch […]
Dubai: ClearTax, one of the world’s largest enterprise AI-driven companies in tax and compliance, today announced a USD 50 million investment in the UAE. The expansion comes as the country prepares to roll out e-invoicing regulations, with the first phase anticipated to go live in July 2026. Following its successful e-invoicing implementations in Saudi Arabia, ClearTax […]
The campaign brings together over 50 incubators and accelerators alongside a wide network of strategic partners from the public and private sectors. DUBAI – His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, has launched “The Emirates: The Startup Capital of the World” campaign, a strategic initiative aimed […]
Manama – stc pay, Bahrain’s most innovative and accessible mobile wallet for digital financial transactions, has won the Fintech – Telecommunications category at the Middle East Technology Excellence Awards 2025. The recognition highlights stc pay’s role in driving Bahrain’s digital transformation and delivering secure, accessible, and innovative financial services to individuals and businesses across the Kingdom. Licensed by the Central […]
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced a strategic collaboration with QNB Group and DMZ Finance. Together, the partners are introducing QCDT—the world’s first DFSA-approved (Dubai Financial Services Authority) tokenised money market fund (MMF)—into Bybit’s platform as a collateral asset, marking a breakthrough in bridging traditional finance and digital assets. Bybit […]