Doha, Qatar – Pass, Qatar’s leading tech-driven logistics startup, has successfully raised more than 10 million Qatari riyals in its latest investment round, marking a significant milestone as it ramps up its regional expansion. The fresh funding will empower Pass to accelerate development of advanced logistics solutions and improve fast, reliable delivery services, ultimately enhancing […]
Dubai, UAE – Today — Telr, the UAE-based award-winning online payment gateway, announced its strategic expansion into Jordan and Bahrain, reinforcing its commitment to advancing digital transformation and supporting the fast-growing e-commerce ecosystems in the MENA region. With this new move, Telr aims to provide businesses in these key markets with comprehensive payment solutions that […]
Dubai, UAE — October 25, 2024 Google has officially launched its “Google for Startups Accelerator: AI First” programme at a prominent event held at the Dubai Future Foundation Auditorium. The event celebrated the programme’s inaugural cohort, featuring 15 exceptional startups from the Middle East, North Africa, and Turkey, all leveraging AI to address challenges in […]
Amsterdam and Dubai, October 25, 2024 – VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, today announced a strategic partnership between JazzCash, its financial services arm in Pakistan, and Dgpays, a prominent financial infrastructure technology provider in the EMEA region. The collaboration aims to elevate JazzCash’s e-commerce payment gateway, significantly enhancing transaction speed, security, and […]
Abu Dhabi, UAE – October 24, 2024 – Magnati, a leader in payment solutions across the Middle East, has partnered with Ajman Bank to introduce an embedded finance solution tailored for small and medium-sized enterprises (SMEs). This collaboration aims to enhance SME growth in the UAE by providing seamless access to Shari’ah-compliant financial services, giving […]
Morocco, October 2024 – Moroccan cross-border logistics startup Colis.ma has successfully raised $300,000 in funding from the Witamax Fund, aiming to strengthen its footprint across Morocco, Europe, and Africa. The newly acquired funds will support Colis.ma’s goal to establish operations in five key regions within Morocco and six major European markets, as well as to […]
Dubai – Pakistan Telecommunication Company Limited (PTCL) has announced a strategic collaboration with Systems Limited, a prominent global systems integrator, at GITEX 2024 in Dubai. This partnership aims to advance PTCL and Ufone 4G’s technology capabilities through Systems Limited’s expertise in Operations and Maintenance of Business Support Systems (BSS) and Operational Support Systems (OSS). The collaboration will focus on […]
Abu Dhabi Commercial Bank (ADCB) has announced a robust financial performance for the first nine months of 2024, reporting a 30% increase in profit before tax, reaching Dh7.702 billion. Net profit after tax stood at Dh6.846 billion, reflecting the bank’s strong strategic growth across various sectors. The bank attributed its impressive performance to strategic efforts […]
The cumulative balance of financial facilities and loans extended by banks operating in the UAE to small and medium-sized enterprises (SMEs) reached AED 81.2 billion by the end of the first half of 2024, according to the latest data released by the Central Bank of the UAE (CBUAE). This represents 9.5 percent of the total […]
Dubai, UAE – Hubpay, a leading fintech company specializing in digital solutions for foreign exchange, has announced the launch of the UAE’s first fully automated hedging platform. This cutting-edge service aims to provide small and medium-sized enterprises (SMEs) with an essential tool to manage currency fluctuations, helping them stabilize their cash flows and navigate the […]