Riyadh, Saudi Arabia – November 5, 2024 – tali Ventures, the corporate venture capital arm of stc Group, and NorthLadder, a fast-growing device trade-in platform, have announced the successful completion of a $10 million Series B funding round. The investment, led by tali Ventures, also includes participation from Dutch Founders Fund and Crescent Ventures. This […]
To invest dh 462M and create 70 jobs in The UAE and Middle East by 2027 Trusted by 1,500+ customers, including one-third of the Fortune 500, and some of the region’s best-loved brands, including Samsung, Emirates NBD, Nike, Nayomi, ING Bank, Kavak, L’Oreal, and Air Arabia, to accelerate digital growth through best-in-class omnichannel experiences and […]
Sharjah, UAE — Warburg AI, an emerging innovator in artificial intelligence for the financial sector, has raised $250,000 in seed funding to accelerate its mission of reshaping financial services through advanced AI-driven technologies. Founded in September 2024, the company has rapidly attracted investor confidence, securing its first funding round just months after its inception. Based […]
Dubai, UAE – November 4, 2024 In a significant move to enhance its digital asset custody offerings, OKX, a leading onchain technology and crypto exchange company, has announced a partnership with Standard Chartered. This collaboration positions Standard Chartered as the third-party custodian for OKX’s institutional clients, marking a critical step in OKX’s commitment to security, […]
CAIRO: Fintech experts believe Saudi Arabia is positioned to lead the regional landscape in decentralized finance, and also solve some challenges on the horizon. With active support from the Saudi Central Bank, also known as SAMA, and initiatives like Vision 2030, the Kingdom is creating an ideal environment for solutions to so-called DeFi to flourish. […]
Doha, Qatar: Dibsy, a prominent payment solutions provider, has partnered with QNB, the largest financial institution in the Middle East and Africa, to unveil an enhanced version of Visa Click to Pay for retailers in Qatar. This pioneering collaboration marks the first global implementation of Click to Pay with biometric authentication, establishing a new benchmark […]
29 October 2024, Hong Kong – IDA, a prominent stablecoin issuer based in Hong Kong, has entered into a strategic alliance with Zand Bank, the UAE’s first fully licensed all-digital bank, to enhance cross-border digital payment solutions across the Belt and Road regions and BRICS Plus. This collaboration leverages blockchain and AI to enable seamless, […]
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 […]