Saudi Kingdom Holding leads $133mln funding round for delivery app Nana
Saudi billionaire Prince Alwaleed Bin Talal’s investment firm Kingdom Holdings led a $133 million funding round for grocery delivery platform…
FinTech
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Dubai's DEWA plans to use ChatGPT to boost services
The Dubai Electricity and Water Authority (DEWA) is looking to use ChatGPT technology to enhance its services. In a…
Cisco study identifies key success factors to boost security resilience in Saudi Arabia
54 percent of organizations surveyed in KSA had experienced a security event that impacted business. Adoption of Zero Trust (36…
How the Middle East is benefiting from big data analytics, powered by AI
Big data analytics, powered by artificial intelligence (AI), is revolutionising the way governments, organisations and individuals make decisions. The…
Kraken to focus on its “most mature” markets, reviews options on UAE’s ADGM licence
Kraken, one of the world’s largest cryptocurrency exchanges, has suspended its UAE currency operation to focus on its “most mature”…
NOMO launches the Sharia-compliant 'Real Estate Finance' product to its customers in the Middle East
NOMO Bank has announced the launch of its real estate finance product, which allows all customers in the Middle East…
UAE’s digital economy to reach $140bn in 2031: Dubai Chamber of Digital Economy
Dubai Chamber of Digital Economy, one of three chambers operating under Dubai Chambers, has released a report detailing plans to…
Dubai Investments buys stake in UK digital bank Monument
Dubai Investments has acquired a nine per cent stake in Monument, a digital banking startup targeting the UK's mass affluent…
Saudi Central Bank engages with fintechs and banks on CBDC
The Saudi Central Bank is running tests on a domestic wholesale digital currency in collaboration with local banks and fintechs.…
Commercial Bank International collaborates with Mastercard to launch World Elite Exclusive card for invitation-only clients
Commercial Bank International has launched a World Elite Exclusive Mastercard Credit Card, providing its ultra-high-net-worth cardholders (UHNWI) with a range…
Ahlibank launches brand new Digital Wealth System for its Wealth Management Customer
Cementing its position as an industry leader in private banking and wealth management services, ahlibank launches its new Digital Wealth…
Offering crypto will bolster banks' books dramatically: Seba Bank
Banks sometimes struggle to get net new assets, so offering crypto products and being more open to accepting deposits from…