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News from all over the world
AWS to Invest $5.3 Billion Into Infrastructure Center in Saudi Arabia
Amazon Web Services (AWS) today announced it will launch an AWS infrastructure Region in the Kingdom of Saudi Arabia in 2026. The new AWS Region will give developers, startups, entrepreneurs, and enterprises, as well as healthcare, education, gaming, and nonprofit
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Moneyhash Raises $4.5 Million Seed Funding
MoneyHash, an USA and Egypt based payment orchestration platform has successfully raised $4.5M in a seed funding round. The round was co-led by COTU Ventures and Sukna Ventures, with participation from RZM Investment, Dubai Future District Fund, VentureFriends, and a
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Bahrain Fintech Bay Partners with Qatar Financial Center
A Memorandum of Understanding (MOU) has been signed between Bahrain FinTech Bay (BFB) and the Qatar Financial Center Authority (QFCA), ushering in a new era of collaboration in the fintech sector across the region. T This agreement establishes a comprehensive
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Additiv Opens New Office in Dubai
Responding to growing demand for Finance-as-a-Service propositions in the Middle East, Swiss embedded Finance Fintech additiv, has announced that it is expanding its presence in Dubai, UAE by opening a new, fully operational office location in the heart of Dubai
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Eazypay Partners With Visa Direct
Bahrain based EazyPay, a financial institute specialized in Point-of-Sale (POS) and online payment gateway acquiring services, has joined forces with Visa, to enable Visa Direct for EazyPay’s customer base. This first-of-its-kind collaboration in Bahrain marks the initial deployment of Visa
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ADGM and Etihad Airways Form Collaboration
Abu Dhabi Global Market announced the signing of a Memorandum of Understanding with Etihad Aviation Group, aiming to spearhead initiatives that build on ADGM’s value proposition and further strengthen Abu Dhabi’s position as a preferred destination for regional and global
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Qatar Fund of Fund to Invest 1 Billion USD into Venture Capital Funds
Qatar Investment Authority (QIA) is set to launch Qatar’s first venture capital (VC) Fund of Funds, a strategic investment program to foster innovation in Qatar. The Fund of Funds program will invest more than USD 1 billion in international and
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Industry Experts Highlight Opportunities and Challenges of Gen AI in Finance
In the financial services industry, generative artificial intelligence (AI) is poised to usher in a myriad of opportunities, promising enhanced job productivity, improved efficiencies and hyper-personalization. But despite these prospects, the technology is also expected to introduce a number of
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DIFC Plans 20 Days of Finance Events
Dubai International Financial Centre announced an series of finance events and activities spanning 20 days, in celebration of the Centre’s 20th Anniversary. From 29 April to 29 May, participants will have the opportunity to engage in a diverse range of
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Fintech Surges in MENA Though Talent and Capital Gaps Persist
The Middle East and North Africa (MENA) region is experiencing significant growth in its fintech sector, with several cities located in Gulf Cooperation Council (GCC) nations in particular emerging as globally recognized fintech hubs. But in order to sustain this
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