04/12/2022
TII announces launch of NOOR, the world’s largest Arabic NLP model
Model is most powerful one in Arabic language to date with 10 billion parameters
FinTech
04/11/2022
Investcorp launches the first global institutional blockchain fund
It will mainly invest in early-stage companies operating in areas within the blockchain ecosystem such as blockchain infrastructure
04/11/2022
Binance earns in-principal approval from ADGM
ADGM is the pioneer in introducing robust virtual asset regulatory frameworks to support the growth of the global blockchain ecosystem.
04/08/2022
novobanco goes live with Objectway to lead the way in investment services
Objectway delivered the project using an incremental release plan adhering to agile principles.
04/08/2022
UAE crypto rating firm Evai recognised in the CV VC Global Report 2022
New report reveals 700% year-on-year growth as investments in the blockchain sector surge
04/07/2022
Mashreq and noon.com collaborate to launch VIP savings account
The initiative is the first Savings Account proposition with a leading e-commerce platform in the UAE
04/06/2022
Emirates NBD joins Plug and Play startup ecosystem
Over the past 15 years, Fintech Investment and Acceleration has been one of our biggest areas of expertise.
04/04/2022
Fintech PayMint gets seed funding round from AUR Fintech Fund
PayMint launched its services in the local market in 2019 and works to provide fintech services to small- and medium-sized companies, especially salary payments, working capital financing, and supplier payments
04/04/2022
NBB partners with Bring Global for digital transformation
The agreement between NBB and Bring aligns with NBB’s continuous commitment to enrich the overall customer experience
04/04/2022
Mashreq repositions NEOPAY as UAE digital payments continue to soar
Dubai banking major completes transition of its existing payments business into wholly owned subsidiary
04/01/2022
FintechCashier Group announces investment of £10 million into MENA region, creating a financial gateway centre based in Bahrain
With their network of financial partners and banks, FintechCashier helps SMEs, Family Offices and next-generation companies to reach the world.
04/01/2022
Egyptian FinTech App Khanza Lands $38M in Series A
The fund also backed a $25 million Series A round by Lucky, an Egyptian cashback rewards app that said it will use its new capital to improve its credit capabilities as consumers in Egypt become more educated and experienced with using credit.
04/01/2022
Egyptian fintech Khazna raises $38mln in Series A
The funds will be used to grow the company’s team and products
03/31/2022
Global Cloud Xchange partners with Equinix
Collaboration strengthens connectivity capabilities to customers throughout the region
03/31/2022
SABB launches digital academy to qualify national cadres
This step is transformative in the Academy's history, which started in 2017 and qualified over 600 male and female trainees for the labor market in four prior batches.
03/30/2022
Artefact strengthens Middle East presence with new Saudi office
The new office in Riyadh will build on the firm’s already present footprint in the region.
03/30/2022
UAE teams up with IBM to boost Industry 4.0
US technology company will help to accelerate the pace of digital transformation in the Emirates
03/30/2022
Technology partners intent to join forces with a new joint venture Alliance Networks
To provide digital infrastructure services in the middle east
03/30/2022
SAMA signs off permits for three new open banking fintech companies
This stage of the program will also encourage financial sector participants to start designing and planning for the implementation of new and innovative financial products and services that are in accordance with relevant open banking practices.
03/30/2022
Dubai's new crypto regulator brings UAE firm under its wing
The UAE has been pushing to develop the virtual asset sector and regulation to attract new forms of business as regional economic competition heats up.