Abu Dhabi
Here Are the Top 5 Fintech Startups in the Middle East on LinkedIn in 2022
Five fintech companies made LinkedIn’s second annual top startups list featuring 10 companies in the UAE that it says is gaining attention. The ranking was produced using LinkedIn data in four areas: employee growth, jobseeker interest, employee engagement, and their
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Abu Dhabi’s ADQ Launches US$200M Fund for Early Stage Startups
Abu Dhabi sovereign wealth fund ADQ has launched a new venture capital firm called Further Ventures, serving as the anchor investor in its first US$200 million fund. Further Ventures describes itself as a venture building and investment firm that invests
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eToro Gets ADGM’s In-Principle Approval to Operate as an Investment Broker
Israeli social investing platform eToro has received an in-principle approval from the Abu Dhabi Global Market (ADGM) to operate as a securities, derivatives and crypto broker in Abu Dhabi. The company expects to subsequently obtain a Financial Services Permission from
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Verity Launches Family Banking App, Visa Debit Card for Kids and Teens
Verity has launched its family banking and financial literacy app, with a prepaid Visa card to enable children from the age of eight to start building their personal finance skills in a real-life environment. The platform allows parents to control
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Klickl Gets ADGM Approval to Operate as a Crypto Broker-Dealer and Custody Provider
Klickl is the latest cryptocurrency platform to receive the in-principle approval (IPA) of the Financial Services Permission (FSP) from Abu Dhabi Global Market (ADGM). The IPA allows the company to operate as a broker-dealer and provide digital asset custody services
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Digital Banking Adoption Soars in the UAE
In the United Arab Emirates (UAE), rapid digital adoption brought about the COVID-19 pandemic has accelerated the continued interest in digital banking solutions, prompting mass adoption of neobanking services as a way to access funds, make transactions and manage personal
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AWS Launches New Cloud Region in the United Arab Emirates
Amazon Web Services (AWS) announced the launch of its AWS Middle East (UAE) Region, the second of its kind following that of Bahrain in 2019. Developers, startups, entrepreneurs, and enterprises, as well as government, education, and nonprofit organisations now have
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Abu Dhabi Accelerator Hub71 Selects 6 Fintechs for Its Latest Cohort
Hub71, Abu Dhabi’s global tech ecosystem, has selected six fintechs to be a part of its latest cohort of tech startups from a large number of applicants worldwide that chose to setup and scale from the UAE’s capital. For the
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Fintech Leads UAE Startup Funding
In H1 2022, fintech was the preferred industry for startup investors in the United Arab Emirates (UAE), accounting for 34% of total capital during the period and 22% of transactions, a new report by Magnitt and the Emirates Development Bank
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G42 Launches US$10 Billion Technology Growth Fund
G42, a leading UAE-based AI and cloud computing technology company, announced the launch of the US$10 billion G42 Expansion Fund, a global technology growth fund formed in strategic partnership with Abu Dhabi Growth Fund (ADG). The fund, which will be
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