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Report: Impact of COVID19 on the Tech Entrepreneurship Ecosystem in MENA

A research report on the impact of COVID-19 on the startup ecosystem across the Middle East and North Africa (MENA).

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Central Bank of UAE and ADGM to Jointly Host and Organise Fintech Abu Dhabi 2020

The Central Bank of the UAE (CBUAE) and Abu Dhabi Global Market (ADGM) will collaborate and jointly host and organise the

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Tabby, a “Buy Now, Pay Later” Startup Serving Saudi Arabia and the UAE

COVID-19 has already killed more than 260,000 people and infected over 3,700,000 people so far, according to data from Johns

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TPay Mobile and Vodafone Egypt Launch Digital Payment on Google Play

Vodafone Egypt, the largest mobile network operator in Egypt in terms of active subscribers and Tpay Mobile, a digital payment

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Flat6labs Bahrain Holds Their First Digital Demo Day for Its 4th Cycle

Flat6Labs Bahrain announced that it has successfully completed 4 Cycles since its launch in March 2018. Within its 2 years

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UAE Based Fintech Pointcheckout Wins Euvsvirus Hackathon Challenge

PointCheckout has developed an innovative solution using its digital wallet platform to tackle the distribution of support funds in a

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Hubpay, the Digital Wallet for the Remittance Community in the Gulf, Announces Its Seed Round

Hubpay announces its Seed funding round led by a leading US venture capital firm – Signal Peak Ventures. The investment

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Saudi Arabia Permits New Fintech Companies to Operate in Regulatory Sandbox

The Saudi Arabian Monetary Authority (SAMA) announced that it has Permitted 9 FinTech Companies as a new batch to operate

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Saudi Banks Need to Accelerate Digital Transformation Plans Amid COVID-19 Disruptions

Banks in Saudi Arabia have to revisit their digital transformation plans and strive to launch new channels that will sustain

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Dubai Welcomes Regulatory Sandbox Applications for Its 2020 Summer Cohort

The Dubai Financial Services Authority (DFSA) invites applications from local and international companies to apply to join its 2020 Summer

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SHUAA Capital Launches Covid Support Package for UAE Technology SME’s

SHUAA Capital, an asset management and investment banking platform in the region, announced it will provide free expert advisory services

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Oneconnect Appointed as Technology Partner to Support ADGM’s Digital Lab

OneConnect Financial Technology, a leading TaaS company for financial institutions in China, has been appointed by Abu Dhabi Global Market,

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The Financial Services Regulatory Authority of Adu Dhabi Launches 3 Regtech Initiatives

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) announced that it has launched three RegTech pilot

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ADGM Academy and Abu Dhabi School of Government Partner to Enhance Talent Development

Abu Dhabi Global Market Academy (ADGMA) signed an MoU with the Abu Dhabi School of Government (ADSG) to advance talent development in

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Startupbootcamp Fintech Dubai Second Cohort Raises $2.8m

Startupbootcamp FinTech Dubai’s second cohort has completed its accelerator program featuring 10 start-ups from the UAE, Singapore, USA, India, Finland,

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Aurus Reaches Important Milestone As It Unveils Stablecoin Supported PoS Terminals

Aurus Technologies, the company behind the premier decentralized gold-backed token launches point-of-sale devices to handle stablecoin payments and direct settlements

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Israel’s First Fully Digital Bank Starts Soon

Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organization, announced that Israel’s first fully digital

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Vodacom and Safaricom Completed M-Pesa Acquisition

Vodacom and Safaricom announce that they have completed the acquisition of the M-PESA brand, product development and support services from

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GOcardi Users Now Can Make Payments In Seconds Via MenaPay

GOcardi is located in Dubai and it’s 2 million + users now can pay for services like Netflix, Spotify, Apple

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Dubai International Financial Centre is Launching a New Business Stimulus Initiative

In these unprecedented times, I write to reassure you that the wellbeing of our community continues to be our highest

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Bill and Melinda Gates Foundation Donates US$1.5 M to Strengthen Cybersecurity in Africa and Asia

CREST, the not-for-profit accreditation and certification body for the technical security industry, has received a grant of $1.4 million from

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Travelex Wins Tender For Multi-Year Contract At New Bahrain International Airport

Travelex, a Finablr company and market leading Foreign Exchange specialist, has extended its relationship with Bahrain International Airport (BIA) operating multiple outlets

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DIFC Launches New License for Tech Startups and Entrepreneurs

The Dubai International Financial Centre (DIFC), a special economic zone in Dubai and a financial hub for the Middle East,

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A QR-based National Payment System for Saudi Arabia

To enhance the electronic payment throughout Saudi Arabia and reduce the dependence on cash, High-tech Payment Systems (HPS) has been

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Dubai International Financial Centre Reports Record Growth in 2019

Dubai International Financial Centre (DIFC), the international financial hub in the Middle East, Africa and South Asia (MEASA) region, announced

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University of Dubai and Krypto Labs Launch an Innovation Hub for Future Startups

The University of Dubai and Krypto Labs have announced the launch of an innovation hub open for students, alumni, professors,

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National Bank of Fujairah Partners with Ripple for Cross-Border Money Transfers

National Bank of Fujairah PJSC (NBF) announced its partnership with Rippl to enact easy and seamless cross-border payments through the

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DIFC’s Fintech Accelerator Triples its Size

DIFC FinTech Hive, the first and largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region,

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Abu Dhabi Islamic Bank Launches Direct eFX Execution Platform For Businesses

Abu Dhabi Islamic Bank (ADIB) has launched “ADIB Direct eFX”, a new addition to the business-focused digital banking platform providing

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BayanPay Gets Licensed by the Saudi Arabian Monetary Authority

Finablr network brand BayanPay, a Saudi Arabia-based digital payment solutions provider, has been awarded a payment services provider licence by the

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