04/13/2023
KPMG partners with Saudi SMEs Authority for third edition of Global Tech Innovator competition
Chance for Saudi tech innovators to pitch against global peers
FinTech
04/13/2023
E-payment share in retail sector exceeds target as KSA pushes for cashless economy
This accomplishment comes from Saudi Arabia’s ongoing support and enablement of the financial sector over the past couple of years, reported the Saudi Press Agency.
04/11/2023
Forbes Middle East Unveils The Region’s Top Fintech Companies 2023
Egypt and Saudi Arabia comprise over 46% of the list, with eight and six entries, respectively. Bahrain, Iraq, and Morocco all recorded one entry each.
04/06/2023
MENA Fintech Association appoints Bryan Zhang, Co-founder of Cambridge Centre
For Alternative Finance, to Advisory Board (Academic)
04/05/2023
Al Baraka Bank to acquire 10% of Taly for digital payments within two months
The sources revealed that the bank is considering raising its stake in Al Tawfeek Financial Lease (AT Lease) to more than 10% during the coming period, explaining that the bank owns a current stake estimated at 7.5%.
03/31/2023
UAE bank selects Paymentology for digital card services
The collaboration comes as the UAE undergoes rapid digital transformation, with 52 per cent of consumers planning to go cashless by 2024, according to Visa.
03/31/2023
UAE based AI-powered full stack commerce and embedded finance firm Sterve forays into Oman
Sterve has got tremendous response in UAE where it is already working with more than 4000 businesses and their shopping webfront has reached to 450,000 end customers
03/30/2023
The CBB issues a new regulatory framework for digital tokens
Further developing the crypto-assets market
03/30/2023
Kuwait ministry warns against scammers using fake links to steal banking data
The ministry advised the public to make sure that the link they received ends with “moci.gov. kw”, not with “.net or .com” or any other domain extension.
03/29/2023
Ride-hailer Careem in advanced talks with UAE's e& for Super App investment - sources
Careem began seeking outside investors last year to help finance its Super App, which offers services outside its core ride-hailing business such as food delivery, bike rentals, digital payments and courier services
03/29/2023
AI may affect 300 million jobs but will boost global economy and labour productivity
Adoption of artificial intelligence technology can increase annual GDP by 7% over 10 years
03/28/2023
Women in tech: Tatiana Rahal, managing director at talabat UAE
Women should appreciate their own value and emulate that belief in everything they feel, think, do or say
03/24/2023
Saudi Aramco signs deal with Samsung to localise industrial 5G communication networks
The MoU follows the recent launch of Aramco Digital Company, which aims to accelerate the digital transformation in the Kingdom, and the Middle East and North Africa (MENA) region.
03/24/2023
B2B spend fintech Qashio launches in Saudi with Alinma Bank
The two firms say it is the first time that a Saudi bank has joined hands with a fintech company to provide solutions to its corporate banking customers.
03/24/2023
Hub71 Startups Raise AED 4.5billion in VC as UAE Progresses to Become an Entrepreneurial Nation
By the end of 2022, our startups have raised more than AED 4 billion.
03/23/2023
Switzerland’s digital asset bank Sygnum opens Middle East hub in Abu Dhabi
Company will offer concierge-style services to high-net-worth clients
03/22/2023
nybl CEO participates in Dubai AI Advancement event
nybl is a deep-tech development company
03/21/2023
Turning UAE’s New Free Zone Into a ‘Gateway’ for Global Virtual Asset Companies
This also enables it to function as a purpose-built, innovation-enabling free zone in the virtual asset sector.
03/20/2023
Crypto news recap: RBI and CBUAE to Develop CBDC
peaking of adoption, RBI, and the UAE Central Bank sign a memorandum of understanding to develop a CBDC bridge for remittances and trade.
03/16/2023
Tarabut Gateway and Rain Bring Faster Fiat-to-Crypto Transactions to Bahrain
The introduction of this new feature is also in line with Rain’s strategy to provide a seamless crypto wallet experience for its MENA users.