SAN FRANCISCO — Elon Musk’s artificial intelligence company, xAI, has secured $6 billion in a Series C financing round, bringing its total funding to $12 billion. This announcement follows a $6 billion raise earlier in May, as reported by TechCrunch on Wednesday. The latest round saw participation from prominent investors including Andreessen Horowitz, BlackRock, Fidelity, […]
Manama, Bahrain – December 26, 2024 – Global Payment Services (GPS), a pioneer in financial technology solutions, has announced a strategic partnership with Bahrain Islamic Bank (BisB), the Kingdom’s leading provider of innovative Islamic financial solutions. Together, they have launched an Islamic Card Installments solution aimed at revolutionizing payment options by offering customers flexible, Sharia-compliant […]
Baghdad, Iraq – December 26, 2024 – Qi, a leader in Iraq’s fintech sector, has officially launched its third-generation app, SuperQi, in collaboration with Ant International. Powered by Alipay+ Wallet Tech solutions, SuperQi integrates a digital lifestyle super app with a fully functional digital bank, heralding a new era of financial inclusion and digital services […]
Sanctions have complicated Russia’s trade with its major partners such as China or Turkey, as local banks are extremely cautious with Russia-related transactions to avoid scrutiny from Western regulators. December 25, 2024 Russian companies have begun using bitcoin and other digital currencies in international payments following legislative changes that allowed such use in order to […]
December 25, 2024 Middle East – Registration is open to take part in the fourth edition of the Deloitte Middle East Technology Fast 50 program. Technology companies across the Middle East and Cyprus are invited to submit their form for the Deloitte program, designed to recognize the fastest-growing technology companies. Window for registration expected to […]
Abu Dhabi, UAE – In a landmark announcement at Abu Dhabi Finance Week (ADFW), Siraj Finance PJSC and ASSNTURE Limited have signed a strategic collaboration agreement to explore innovative solutions in asset tokenization and digital assets. The partnership underscores a shared vision of leveraging blockchain technology to transform financial services and enhance accessibility to high-value […]
Abu Dhabi, UAE – Magnati, a leading payments solutions provider in the Middle East region, has signed an agreement with Arabian Automobiles Company (AAC), the flagship company of the AW Rostamani Group and the exclusive dealer for Nissan, INFINITI, and Renault in Dubai, Sharjah, and the Northern Emirates. Under the agreement, Magnati will provide enhanced payment solutions […]
Date: December 23, 2024 Muscat, Oman – In a remarkable initiative aimed at fostering community engagement and promoting financial literacy, the National Bank of Pakistan (NBP) and Al Jadeed Exchange have announced the launch of a cricket tournament scheduled for January 2025. The announcement was made during a prestigious dinner event held in Muscat, Oman, […]
Dubai, UAE, 23 December 2024- The Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF) concluded the 12th edition of the ‘Bil Arabi’ initiative, which is one of MBRF’s key knowledge initiatives for promoting the use of the Arabic language in daily life and across digital channels, especially among the youth. The annual campaign, held on […]
Meet the visionaries shaping the Middle East’s thriving startup ecosystem. December 23, 2024 Dubai: Forbes Middle East has unveiled its inaugural list of the region’s Top Venture Capitalists for 2024, recognizing the most active and influential venture capital (VC) firms driving innovation, growth, and success within the Middle East’s burgeoning startup landscape. This list celebrates the […]