Kuwait – September 26, 2024: Bazzar Gate, a leading e-commerce platform in Kuwait, has successfully secured $1 million in funding to enhance and expand its innovative e-commerce solution, Partners. The platform, launched in January 2024, is designed to enable aspiring entrepreneurs to create fully functional e-commerce dropshipping businesses in just three minutes. With a current […]
September 26, 2024 – Global payments leader Visa (NYSE: V) has introduced the Visa Tokenized Asset Platform (VTAP), a cutting-edge solution designed to help banks issue and test fiat-backed tokens on the Ethereum blockchain. This innovative platform aims to digitize real-world assets (RWAs) such as commodities and bonds, offering near-real-time settlement and seamless integration through […]
LinkedIn has released its highly anticipated annual list of the Top Startups in UAE, spotlighting 10 fast-growing companies that are making significant waves in the UAE’s business landscape. These startups are not only attracting attention from investors and job-seekers alike but are also developing innovative solutions that are poised to shape the future of their […]
Dubai, UAE: Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the launch of its Islamic Account, becoming the first global crypto exchange to offer a Shariah-compliant trading solution. This innovative move marks a significant milestone in the crypto industry, opening new opportunities for Muslim traders worldwide to engage in digital assets while […]
Ooredoo Group Secures Landmark QAR 2 Billion Financing Deal to Accelerate Data Center and AI Expansion Doha, Qatar, [24 September 2024] – Ooredoo Group has announced a groundbreaking QAR 2 billion financing agreement to fuel the growth of its data center and AI business, marking a pivotal moment for the company’s digital infrastructure expansion. The […]
Dubai, UAE – Astra Tech, a leading consumer technology holding group based in the UAE, has announced a strategic partnership with National Bonds, the UAE’s premier savings and investment company. This collaboration is set to provide 9 million Botim users across the UAE with easy access to National Bonds’ innovative savings and investment products directly […]
Dubai, UAE — Coral, a pioneering climate tech startup based in the UAE, announced today the successful closure of its $3 million seed funding round. The round was led by a group of experienced tech investors, boasting a combined 40 years of expertise in the sector. Innovative AI-Driven Platform for Carbon Management Coral offers an […]
The General Assembly of Banque Misr approved the financial statements for the fiscal year ending on December 31, 2023, highlighting remarkable growth in all business sectors. The bank’s total financial position reached EGP 2.6 trillion, showing a 14.9% growth from the previous year. A significant jump of 32.9% was observed in the net direct loans […]
Revolut Ltd., the London-based digital banking giant, is making significant strides toward entering the Middle East as part of its global expansion strategy. According to sources close to the matter, the fintech company has submitted applications to the Central Bank of the United Arab Emirates (CBUAE) for licenses to operate as an electronic-money institution and […]
Abu Dhabi, UAE: Hub71-based startups, Fuze, a pioneering provider of digital assets infrastructure in the MENA region, and Bit2Me, a leading Spanish digital assets company, have signed a landmark strategic partnership aimed at enhancing digital assets infrastructure connectivity across Latin America, Europe, and the Middle East. The agreement was formalized at Hub71, Abu Dhabi’s global […]