San Francisco, October 9, 2024 — Stripe, a leading financial infrastructure platform, today announced an expanded partnership with NVIDIA, aimed at advancing AI technology to benefit Stripe’s customers and improve fraud detection. The collaboration will also broaden global access to NVIDIA’s cutting-edge GPUs and AI software, allowing developers and enterprises to prepay for selected NVIDIA […]
Dubai, United Arab Emirates – Al Fardan Exchange has signed a Memorandum of Understanding (MoU) with Dubai Insurance on behalf of the Insurance Pool, marking a pioneering collaboration that positions Al Fardan Exchange as the first exchange house in the UAE to offer Involuntary Loss of Employment (ILOE) payment claims. This strategic partnership provides customers […]
Manama, Bahrain – October 8, 2024 – Pnyx Hill Ltd, a specialized business solutions provider headquartered in Abu Dhabi Global Markets (ADGM), UAE, has signed a Memorandum of Understanding (MoU) with Bahrain FinTech Bay (BFB), one of the leading fintech hubs in the MENA region. The partnership aims to drive innovation and enhance governance and […]
Dubai-based Metric has announced a strategic partnership with Saudi Arabia’s Spare, aimed at bringing cutting-edge financial automation and intelligence to businesses across the Kingdom. This collaboration promises to transform the way businesses in Saudi Arabia manage their financial operations, providing them with secure, real-time access to critical financial data. By joining forces, Metric and Spare […]
The United Arab Emirates (UAE) has taken significant steps to position itself as a crypto-friendly jurisdiction by exempting cryptocurrency transfers and conversions from value-added tax (VAT). This move comes as part of a broader effort to streamline the country’s regulations around digital assets and boost its attractiveness as a hub for virtual asset transactions. New […]
Muscat, Oman – QPay, Oman’s newly licensed ‘Buy Now, Pay Later’ (BNPL) financial services provider, has announced the successful close of its seed funding round, led by Cyfr Capital. The investment marks a significant milestone for QPay, with this funding being part of Future Fund Oman (FFO)’s strategic mission to foster growth and innovation within […]
Palo Alto, California – October 4, 2024Farmdar, a Pakistani agritech startup leveraging AI and space technologies to optimize agricultural productivity, has successfully raised a pre-Series A undisclosed funding round led by Silicon Valley-based venture capital firm, Moment Ventures. The round also saw participation from existing investor Indus Valley Capital. This marks the first Silicon Valley-led […]
The Middle East banking landscape has undergone profound transformation over the last decade – from the rise of FinTech and crypto assets to the emergence of programmable Web3 and, more recently, the surge of artificial intelligence (AI). With AI alone projected to contribute up to US$320 billion in economic value to the Middle East by […]
Zug, Switzerland – October 2024: In a groundbreaking move to connect and bolster the Web3 ecosystems of Dubai and Switzerland, DMCC (Dubai Multi Commodities Centre) has entered into a strategic collaboration with CV VC, one of Switzerland’s leading early-stage blockchain venture capital firms. The agreement was officially signed during the CV Summit 2024, Switzerland’s premier […]
Dubai, UAE – 03 October 2024: Emirates Skywards, the award-winning loyalty program of Emirates and flydubai, has teamed up with HSBC Bank Middle East to introduce two new cobranded credit cards in the UAE. The HSBC Emirates Skywards Credit Cards, available in Signature and Infinite versions, will offer over 2.3 million UAE-based Emirates Skywards members […]