10/10/2023
UAE's tech, electronics suppliers need to relook their VAT processing on B2B deals after Oct. 30
On their B2B deals, 'reverse charge mechanism' comes into play Oct. 30
FinTech
10/06/2023
Revolutionising banking: The role of AI in shaping the future
Generative AI can help banks design new products and services
09/28/2023
Implementing Saudi Arabia's personal data protection law
The Implementing Regulations and the Personal Data Transfer Regulations both expand on the general principles
09/28/2023
Mastercard joins with Rochester Institute of Technology in Dubai to foster nex-gen AI talent
This partnership will empower the next generation of RIT graduates to become leaders in AI and advance both parties’ strategic alliances in the region.
09/28/2023
UAE's crypto transactions hit nearly $35bn amid rising regulatory clarity
While this represents a 17 per cent drop compared with the previous year, the UAE's crypto market fared much better than many other countries in the region
09/27/2023
The Digital Cooperation Organization welcomes Qatar as a new member state to advance the global digital economy
This trusted relationship promises to bolster both Qatar and DCO’s initiatives, driving progress toward a more connected, equitable, and digitally advanced world
09/25/2023
NOW Money and BBC Shine Light on Financial Inclusion Impact
The UAE has the fifth largest international migrant population in the world, with 7.8 million migrants across the region and workers from South Asia accounting for nearly 60 per cent of the total population.
09/21/2023
Dubai Ready to Capitalise on Projected 17.2% Global Growth of Fintech Investment, Says DIFC
Leveraging automation technologies such as artificial intelligence (AI), blockchain, and cloud computing are seeing business model and product innovations that have led to reduced operating costs and streamlining of inefficient processes.
09/21/2023
Software AG spotlights ‘effortless connectivity’ for high-performing enterprises at GITEX Global 2023
The innovation promises to empower enterprises with effortless connectivity, providing a leap forward in achieving seamless integration
09/19/2023
StashAway and Lean Technologies lead the way in simplifying investing through payment innovation
In an industry-first collaboration, investors can now set up recurring deposits via StashAway within 2 minutes – making it easier than ever for people to build wealth over the long term
09/19/2023
Introducing The London Institute of Banking & Finances’ new FinTech glossary
To support those working - or aspiring to work in the FinTech sector - to demystify jargon and simplify cutting-edge concepts in the MENA region
09/18/2023
US-based software provider Eton Solutions sets up Middle East HQ in Dubai, targets growing family office market
The company’s expansion move comes amid the internal troubles in Hong Kong – historically a major global hub for family offices – said to have triggered a wide spread relocation move, with Dubai expected to emerge as the major gainer
09/15/2023
Digital bank Wio expands service to include retail customers
The platform is offering a promotional interest rate of 6% a year for savings of up to Dh5 million
09/13/2023
Saudi Venture Capital invests $5m in VentureSouq FinTech fund
FinTech continues to be one of the largest, most dynamic and most consequential spheres of innovation in the world.
09/13/2023
With AI to help, UAE employees want to say ‘goodbye’ to boring work: LinkedIn
Rather than see AI as threat, employees see it helping with jobs – and career advice
09/12/2023
Netzero named Saudi Arabia's most promising tech start-up by KPMG
To select the final winner, KPMG assessed six criteria, namely disruption and innovation, market potential, customer adoption, market traction and marketing, long-term potential, and pitch quality.
09/08/2023
Abu Dhabi research center launches Falcon 180B model to boost generative AI development
They are trained on huge datasets of text and code, and can be used for a variety of purposes, such as research, commercial applications, and education.
09/01/2023
Banking sector fintec major Zafin eyes $5bn market with early AI product launch in Middle East
Middle East is estimated to account for about 5% of the $100 billion global market opportunity globally in the AI-driven ‘pricing and promotion’ functions of banks
08/31/2023
UAE is poised to be a global leader in AI
The country could play a central role around AI and its regulation, says Mastercard
08/31/2023
Black Banx Backing Turkey’s Evolution Into Fintech Center
The fintech market for advanced technologies is expanding rapidly and entry into the market is expected to continue to increase.