The global eyewear industry is witnessing a surge in innovative ventures, and the Middle East is producing its own rising star: Eyewa. The Dubai- and Riyadh-based company, which offers a diverse range of eyewear products including prescription glasses, sunglasses, blue light glasses, and contact lenses, has successfully raised $100 million in a Series C funding […]
Dubai, UAE – Al-Futtaim, a leading retail and lifestyle conglomerate, has announced a strategic partnership with PayPal, a global leader in online payments. This collaboration aims to enhance the online shopping experience for customers in the UAE by introducing seamless, fast, and secure payment options across Al-Futtaim’s portfolio of businesses. Starting early next year, customers […]
Dubai, United Arab Emirates – Geidea, a leading provider of digital payment solutions in the Middle East, is set to launch its innovative SoftPos service in Egypt, following a successful two-year rollout in Saudi Arabia and later in the UAE. This expansion marks a significant milestone in Geidea’s strategy to drive digital transformation in the region, offering merchants […]
UK-based Watercycle Technologies is pleased to announce the closure of a $5.6 million Series A investment round led by Par Equity as part of a syndicate with Greater Manchester Combined Authority (‘GMCA’), Aer Ventures and the University of Manchester Innovation Factory. This investment will enable Watercycle to rapidly scale up and commercially deploy its technology […]
In the early 2000s, the tech industry often repeated the phrase, “Every company will be a tech company.” This prediction largely materialized as businesses across sectors adopted technology to stay relevant in a rapidly digitizing world. Now, as we navigate the complexities of a more interconnected digital economy, a new mantra is taking hold: “Every tech company […]
Abu Dhabi: Emirates Development Bank (“EDB” or “the Bank”), the key financial engine of UAE economic development and industrial advancement, and Ajman Bank, one of the leading Islamic financial institutions in the UAE, have renewed their strategic agreement offering innovative credit guarantees and co-lending solutions to small and medium-sized enterprises (SMEs) across the UAE. The […]
Dead Sea, Jordan – Network International (Network) signed a memorandum of understanding (MoU) with Gate To Pay (Jordanian Elaf for Integrated Solutions) This collaboration will accelerate Jordan’s digital transformation. The agreement, signed at the MENA ICT, will introduce innovative, secure payment services to businesses and consumers, as well as supporting a more inclusive and digitally enabled […]
Cairo, Egypt – : PayTabs Egypt, a leading payments solutions provider in the MENA region, has announced a strategic partnership with Azimut Egypt, a prominent multinational investment manager. This collaboration marks a significant milestone in Egypt’s financial landscape by enabling Azimut customers to top up their trading accounts and investment funds on the azinvest platform using debit and prepaid cards. […]
The UAE government has unveiled a cutting-edge “Know Your Customer” (KYC) digital platform, a transformative initiative aimed at boosting transparency in the banking sector, streamlining identity verification processes, and combating financial crime. Launched under Federal Decree-Law No. 30 of 2024, the platform marks a significant milestone in the Emirates’ efforts to modernize its financial infrastructure […]
Dubai, UAE: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has announced the launch of its Limited Edition Emarati Visa Credit Card. Designed in collaboration with prominent Emarati artist Mattar Bin Lahej, the exclusive card will be available to only 999 new UAE National customers applying for the card. The launch of the card […]