DMCC has announced the launch of the DMCC Crypto Centre Metaverse, representing a landmark application of the technology for one of the world’s leading Web3 ecosystems. Developed with Infinite Reality, a global leader in immersive technologies, the Metaverse will feature engaging gamified zones, including a trading game and a treasure hunt, offering exciting prizes for […]
December 16, 2024 Riyadh, Saudi Arabia – Saudi Venture Capital (SVC) announced its investment in Middle East Venture Fund IV, a venture capital fund managed by Middle East Venture Partners (MEVP). The fund size is $150 million. The fund will support technology startups with high growth potential that will have a positive long-term impact on […]
Known for its innovative approach, the company is revolutionizing how small to medium enterprises (SMEs) access working capital in the region. Since its inception, CredibleX has disbursed a substantial AED 100 million in loans, significantly impacting the local business ecosystem. The company recently announced a successful US$55m (AED 200m) seed funding round comprising both equity […]
Middle East expansion: Company strengthens international presence and signals commitment to Middle East by opening its first non-European office in Dubai. Dubai, UAE – Bitpanda, Europe’s leading crypto platform, is accelerating its global growth by obtaining an in-principle approval from the Virtual Assets Regulatory Authority (VARA) in under 8 months from submission. Once officially licensed Bitpanda […]
Enabling Beyon Money to offer its UAE customers a wider range of financial solutions. Manama, Bahrain: Beyon Money, part of the Beyon Group, has secured two new licenses from the Central Bank of UAE (CBUAE), marking a new milestone in its expansion strategy. The two licenses, RPSCS (Retail Payment Services and Card Schemes) and SVF (Store […]
This partnership represents a critical milestone for both companies as they combine advanced financial solutions with bold environmental action. Abu Dhabi, UAE: In a groundbreaking partnership poised to reshape the region’s financial and environmental landscape, Fuze, a leading digital assets infrastructure provider in MENA, and Fils, an award-winning platform embedding sustainability and climate action into business […]
Dubai, United Arab Emirates: Zand, the UAE’s first fully licensed, AI-powered digital bank, is proud to announce the launch of its Digital Asset Custody services. This innovative offering, approved by the Virtual Asset Regulatory Authority (VARA), positions Zand as the first UAE bank to provide institutional-grade digital asset custody services under its banking license.Designed for corporate […]
Abu Dhabi, UAE: ADIB Ventures, an initiative launched by Abu Dhabi Islamic Bank (ADIB) has signed a strategic partnership with Lean Technologies, the MENA region’s premier fintech infrastructure provider. The announcement was made in coordination with Hub71 at Abu Dhabi Finance Week 2024, where the organisations shared their vision of advancing financial innovation and delivering […]
100Unicorns, India’s largest early-stage accelerator venture capital (VC) fund, has announced Abu Dhabi, as its first foreign market expansion with the opening of its office in ADGM, the international financial centre of Abu Dhabi. Formerly known as 9Unicorns, 100Unicorns was launched in 2020 with the vision to nurture and create 50+ category leaders and now […]
Funding round led by MENA’s leading VC firm – Global Ventures, with participation from Dara Holdings. December 12, 2024 Abu Dhabi, UAE – BioSapien – the patented drug delivery platform treating cancer ‘locally’ – announces its $5.5 million (20.2M AED) pre-Series A fundraise. The funding was led by Global Ventures – MENA’s leading VC firm, with […]