Bahrain – Crypto.com, a global cryptocurrency platform serving over 100 million users, has announced a strategic partnership with Beyon Money, Bahrain’s leading digital financial services provider, aimed at enhancing digital payment solutions and exploring advanced applications in artificial intelligence (AI) and open banking. This collaboration, marked by a recently signed Memorandum of Understanding (MoU), seeks […]
Riyadh, Saudi Arabia – Shorooq, a prominent investment firm with $500 million in assets under management, has set its sights on becoming the “Blackstone of the Middle East.” With a vision to bridge critical gaps for private investors and fuel economic growth, Shorooq sees Saudi Arabia as a cornerstone of this mission. Founding partner Mahmoud […]
BRUSSELS — Chinese online retailer Temu is under investigation by European Union regulators over potential breaches of the EU’s Digital Services Act (DSA), which seeks to prevent the sale of illegal products and safeguard consumers, officials announced Tuesday. If found in violation, Temu could face fines up to 6% of its global revenue. The European […]
The Central Bank of the UAE (CBUAE) has announced a groundbreaking initiative, Project Aperta, aimed at linking open finance infrastructures across various jurisdictions. The project, in collaboration with leading international financial authorities, seeks to create a trusted network that enhances cross-border interoperability for financial institutions and businesses, specifically focusing on facilitating trade finance for small […]
Dubai, UAE — In a landmark advancement for the UAE’s digital ecosystem, e& UAE and Microsoft have announced a strategic partnership milestone, introducing a suite of innovative AI-powered solutions tailored to help Small and Medium Businesses (SMBs) thrive in the digital age. This collaboration offers SMBs access to advanced tools, including Microsoft 365, Dynamics 365, […]
October 30, 2024 In a landmark agreement, Orange Middle East and Africa (OMEA) and Mastercard have announced a strategic partnership aimed at enhancing financial accessibility across Sub-Saharan Africa. This significant collaboration will enable millions of Orange Money wallet holders to make digital payments with Mastercard’s extensive global network of merchants by 2025. The initiative is […]
Ras Al Khaimah, UAE — In a move to expand digital Islamic banking services within the UAE, Ras Al Khaimah Economic Zone (RAKEZ) has signed a Memorandum of Understanding (MoU) with ruya, the UAE’s first digital-first Islamic community bank. This strategic partnership enables RAKEZ clients to access Sharia-compliant, app-based banking solutions designed for seamless account […]
In a strategic move to advance its artificial intelligence capabilities, OpenAI has partnered with Taiwan Semiconductor Manufacturing Company (TSMC) and Broadcom to develop an in-house AI chip, according to sources reported by Reuters. While initially considering the establishment of dedicated chip manufacturing facilities, OpenAI has reportedly set aside those plans, choosing instead to concentrate on […]
Abu Dhabi, UAE — First Abu Dhabi Bank (FAB), the largest bank in the UAE, and DBS, Southeast Asia’s largest bank, have signed a Memorandum of Understanding (MoU) to foster sustainable business and investment growth, while enhancing innovation across the Middle East and Asia. The collaboration will leverage the strengths of both institutions to expand […]
October 29, 2024 – Vezeeta, the Middle East and Africa’s leading online doctor booking and clinic management platform, has announced the launch of “Vezeeta Lab,” a strategic creative hub designed to foster new opportunities, expand services, and boost regional growth across Egypt and Gulf nations, including Saudi Arabia and the UAE. This new hub will focus on […]