Latest World News
News from all over the world
Singapore’s Whampoa Group Plans to Set up Digital Bank in Bahrain by End-2023
Singapore-based private family office Whampoa Group will be establishing the headquarters of its new digital bank in Bahrain according to the Bahrain Economic Development Board (Bahrain EDB). With an intended launch date of end of 2023, the digital bank aims
Read More
Visa Appoints Tarek Abdalla as Chief Marketing Officer for CEMEA Region
Visa has appointed Tarek Abdalla as Senior Vice President and Chief Marketing Officer for Central and Eastern Europe, Middle East, and Africa (CEMEA), effective 2nd May onwards. Tarek will be based in Dubai and report to Frank Cooper III who
Read More
Future Bahrain: Beyon Announces 250m USD Digital Infrastructure Investment
Beyon has announced a major investment of more than USD 250M in state-of-the-art digital infrastructure helping to support the acceleration of Bahrain’s digital transformation and the growth of the country’s digital economy, in a press conference attended by Beyon Chairman
Read More
Major Trends Driving Transformation in the Middle East’s Digital Payment Landscape
In the Middle East, the digital payment landscape is changing at a rapid pace, shaped by the advent of instant payments, booming adoption of new payment methods and the rise of online retail, a new whitepaper produced by Euromonitor International
Read More
Middle East and Africa Region Becomes Hotbed for Super-App Development
Across the Middle East and Africa (MEA) region, a range of digital offerings are emerging and growing rapidly, striving to tap into the growth of Internet and smartphone penetration, the shift to digital channels and the rise of e-commerce to
Read More
Emirates NBD Bank Forms Digital Asset Lab in Cooperation with Fireblocks
Emirates NBD Bank has publicised a pioneering partnership with PWC and digital asset custodian Fireblocks, inaugurating its Digital Asset Lab. Both PWC Middle East and Fireblocks are set to serve as foundational council members. Emirates NBD declared on LinkedIn, “This
Read More
Top 20 VCs and Funds Backing Saudi Arabia’s Tech Startups
Against all odds, venture capital (VC) investments in Saudi Arabia reached a new all-time high last year, growing by a staggering 72% year-on-year (YoY) to reach US$987 million in 2022, data from the 2022 Saudi Arabia Venture Capital Report show.
Read More
Emirates Islamic Offers new Startup Accounts for UAE SME’s
Emirates Islamic has launched the new Emarati Absher Business Account designed exclusively to provide a comprehensive suite of premium banking solutions for Emarati startups in the UAE. The new business banking proposition aligns itself with the UAE’s strategy to support
Read More
TWIG Raises Pre-seed Round, Secures DFSA License
TWIG Solutions (TWIG), a financial technology startup based out of Dubai International Financial Centre (DIFC), has received an Innovation Testing License (ITL) from the Dubai Financial Services Authority (DFSA). The ITL enables TWIG to test and develop their products and
Read More
IFZA and Mashreq Announce Partnership
IFZA Dubai, an UAE international Free Zone, announces the signing of a memorandum of understanding (MoU) partnership with Mashreq, one of the leading financial institutions in the MENA region, to provide IFZA Free Zone Licensees and Professional Partners quick and
Read More