According to data from “fDi Markets – Financial Times” H.H. Sheikha Bodour Al Qasimi: Economic prosperity is the outcome of a holistic vision that places human wellbeing and balanced development at the core of its priorities. H.E. Mohammed Al Musharrkh: Sharjah’s remarkable growth is a powerful tool for reshaping the emirate’s development landscape. Sharjah’s growth in the […]
Du successfully completes the secondary public offering of its shares held by Mamoura with a final offer price of AED 9.20 per share
342,084,084 shares representing 7.55% of du’s share capital (the “Offer Shares”) were offered through a fully marketed secondary public offering. Dubai, UAE: Emirates Integrated Telecommunications Company PJSC (“du” or the “Company”), a leading telecommunication and digital services provider in the UAE, whose ordinary shares are listed on the Dubai Financial Market (DFM) (DFM Symbol: DU/ISIN: AEE000701012), […]
Albania Appoints World’s First AI-Bot “Minister” to Combat Corruption
Tirana, September 2025 — In a landmark move, Albanian Prime Minister Edi Rama has appointed an artificial intelligence bot named Diella to oversee government tenders, positioning the country as a global test case for the use of AI in governance. Unveiled during the announcement of Rama’s new cabinet in mid-September, Diella — whose name means […]
Ottu reveals ECHO: The first AI-powered fintech module for intelligent merchant operation
Kuwait City: Ottu, a leading fintech provider in the MENA region, today announced the launch of ECHO, a next-generation platform powered by agentic AI, enabling autonomous dispute resolution, intelligent merchant support, and seamless platform configuration. ECHO positions Ottu as the first fintech to operationalize AI-driven use cases for merchant support, dispute management, and intelligent platform control. […]
Oman’s Rihal Secures $7.5 Million in Series A funding Round Led by ITHCA Group
Muscat, Oman: Rihal, a leader in the region’s technology and data services sector, today announced the successful first close of its Series A funding round, targeting a total raise of $15 million. ITHCA Group led this initial close with an investment of $7.5 million, reaffirming their confidence in Rihal’s strategic direction and exceptional growth trajectory. […]
Qatar-based VC Fund Rasmal Ventures invests US$2mln in AI start-up NEXX, backed by Hong Kong’s Wealthiest Man
Doha, Qatar – [11 September 2025] – Rasmal Ventures, a Qatar-based leading venture capital fund with backing from the Qatar Investment Authority (QIA), proudly announced its investment in NEXX, a dual-headquartered Hong Kong and Qatar-based AI-driven logistics technology company, during the 10th Belt & Road Summit held in Hong Kong from the 10 – 11 September. The […]
AdalFi tops $200M in lending with 0.2% defaults as GCC banks prioritize measurable outcomes
UAE banks are raising the bar on digital lending. They want faster time to yes, transparent risk, and credible ROI. AdalFi’s latest numbers speak to that mandate. The company confirms more than $200M in lending enabled through partner banks with defaults steady at 0.2%. Its AI model has now processed 1.2B+ transactions, evaluated 30M+ borrowers […]
Thawani Launches ‘Mujib for Business’ Card at Comex 2025, Oman’s First Fully Integrated Smart Corporate Payment Card
The ‘Mujib for Business’ card is designed to help companies manage their operations with greater efficiency and flexibility. MUSCAT – In line with the national drive to embed innovative digital solutions in the payments sector, Thawani has unveiled the ‘Mujib for Business’ card, the Sultanate of Oman’s first fully integrated smart financial card designed to […]
American Express Middle East and Emirates NBD Pay Forge Strategic Partnership to Enhance Digital Payments in the UAE
Dubai, UAE – American Express Middle East has announced a strategic partnership with Emirates NBD Pay, marking a significant step in expanding the reach and capabilities of both organizations across the United Arab Emirates. The collaboration is set to deliver smarter, faster, and more secure payment solutions, benefiting American Express Card Members, business partners, and […]
Jordan-founded and Saudi-headquartered healthtech 21Doctors Raises Pre-Seed Funding to build AI-powered medical infrastructure
RIYADH/AMMAN – Jordan-founded and Saudi Arabia-headquartered healthtech startup 21Doctors has secured a pre-seed funding round from a group of strategic angel investors, the company announced. The value of the investment was not disclosed. Founded in 2022 by Osama Almabroum (Co-Founder & CEO) and Rania Abu Taleb (Co-Founder & CTO), 21Doctors is building a digital-first healthcare […]
