12/31/2020
E-payment system temporarily down: Dhofar Municipality
"With the ability to conduct all transactions during the temporary closure period and pay later," the statement added.
FinTech
12/30/2020
Kingdom launches digital economy policy to accelerate digital economy growth
The leading economy in the Middle East and North Africa region, the kingdom ranks among the largest economies in the world.
12/28/2020
UAE-Israel greentech cooperation shows tremendous potential
Israel's record as a country with regard to green standards and clean energy is a mixed bag, but its start-up ecosystem is at the cutting edge of greentech and cleantech.
12/28/2020
Italy's Gellify seeks Middle East start-ups with fund that could hit $50m
B2B software start-up focused accelerator and investor says it plans to recruit up to 30 regional businesses
12/28/2020
Over 80 New Fintech Initiatives Joined Dubai International Financial Centre in H1 2020, a 75% YoY Increase
The Dubai Statistics Centre notes that activity in the nation’s hospitality and food services industries fell by 34.6% during H1 2020 when compared to the same time period from last year.
12/24/2020
TAWAL adopts smart towers using Internet of Things to manage its infrastructure efficiently
This falls under TAWAL's digital strategy of being a pioneer on digitalizing the infrastructure operations in a more efficient and cost-effective manner
12/23/2020
Consumers in the UAE excited about 5G technology
Due for an imminent boom in the global market, 5G tech boasts higher capacity, larger bandwidth and more security than any previous network infrastructure.
12/22/2020
Riyadh labeled a top fintech ecosystem to watch by 2020 report
The report highlighted some factors as to why the Saudi capital enjoys a strong fintech ecosystem and is one of the top cities to watch within the sector.
12/21/2020
QIIB adds more services for online banking
In an aim to target the group of customers who are minor, the new update dedicated a new service that allows customers to easily review the details of their minors’ accounts that are linked to their accounts through the mobile banking application.
12/21/2020
New fintech startup offers chance to jump on property ladder from $544
The entry level for investors is 2,000 dirham, all the way up to a third of the value of an individual property.
12/21/2020
Let's not judge 'Open Banking' by its title
It's definitely not about parceling out valuable consumer data for a fee
12/20/2020
Are sceptics wrong at panning Bitcoin that hit a record $24,000 high?
Dizzying rally spurs the world’s largest cryptocurrency to surge over 300% in a year
12/18/2020
Why Middle East investors should consider Northern Ireland’s fintech sector
The fintech sector is booming – supported in part by the Covid-19 pandemic – and Northern Ireland offers regional businesses a great platform for growth
12/18/2020
Finverity teams up with Abu Dhabi Global Market
The collaboration will develop a proof-of-concept to improve the transparency and trustworthiness of UAE SMEs’ credit profiles to enable faster access and on better credit terms to working capital finance.
12/18/2020
Mambu opens new office in the United Arab Emirates (UAE)
The new office, located in Al Khatem Tower at ADGM Square, Al Maryah Island, is said to bring together a wealth of talent and experience to help transform the UAE’s fertile market.
12/17/2020
UAE's TruKKer gets $10mln funding from US-based Partners for Growth
The debt will be used to finance working capital needs required for the instant payment of thousands of transporters operating on TruKKer's network
12/16/2020
Saudi Budget 2021 Commentary: Fintech will play a key role in Saudi diversification in 2021
“We believe fintech will play a key role in Saudi diversification in 2021, enabling faster transmission of credit and capital to fuel GDP growth, especially given ongoing consolidation within the financial services sector.
12/15/2020
Central Bank of Oman opens fintech regulatory sandbox
A Fintech Regulatory Sandbox is a common and worldwide-used approach to achieve the objective of harnessing opportunities for innovation in the financial sector while mitigating the accompanying risks.
12/15/2020
UAE Israel Business Leaders Summit: Fintech innovation cannot grow in an over-regulated environment
Gradual approach to creating regularoy framework will best suit sector
12/14/2020
Businesses can’t let their cyber guards down
Even cutting-edge technologies of today will have some vulnerabilities as well