Abu Dhabi
UAE’s LetsTango.com Inks e-Commerce Deal With Aramex to Sell Thai Products
UAE’s e-commerce retailer LetsTango.com and Aramex, a global provider of comprehensive logistics and transportation solutions, have partnered to fuel cross-border e-commerce in the region by marketing Thailand products. According to the partnership, LetsTango.com will add to its brand roster an
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UAE Card Processor NymCard Raises US$ 7.6 Million in Series A Funding Round
Abu Dhabi-based Banking-as-a-Service (BaaS) provider NymCard announced that they have raised US$ 7.6 million during a Series A funding round bringing the firm’s total funding to $12 million to date. The funding round led by Shorooq Partners and joined by
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Abu Dhabi Investment Office Establishes 8 Global Hubs
The Abu Dhabi Investment Office (ADIO) has established eight new offices in Tel Aviv, New York, San Francisco, Frankfurt, London, Paris, Beijing and Seoul. The global network of offices, in collaboration with the Abu Dhabi Department of Economic Development (ADDED),
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RAKBANK Renews Fintech Partnership With Invoice Bazaar to Ease SME Funding
The National Bank of Ras Al Khaimah (RAKBANK) has announced the renewal of its partnership with Invoice Bazaar, a Dubai startup operating in the area of receivables finance. The renewed partnership is part of the bank’s strategy to offer small
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Dubai’s Free Trade Zone Breaks 5-Year Record in New Company Registrations
Dubai Multi Commodities Centre (DMCC), established by the Government of Dubai to establish a hub for global commodities trade, registered 2025 new companies in 2020, its highest number of registrations in 5 years. DMCC’s strong performance is primarily due to
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7 Fintech Startups in UAE to Watch in 2021
The United Arab Emirates (UAE) is the largest fintech hub for startups in the Middle East and North Africa (MENA), housing about 50% of the region’s fintech companies. In the UAE, two leading financial free zones, Abu Dhabi Global Market
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Fintech in 2020: Key Developments that Shaped UAE’s Fintech Industry This Year
The United Arab Emirates (UAE) is the largest fintech hub in the Middle East and North Africa (MENA) and home to half of the region’s fintech companies. As of November 2020, the UAE accounted for over 60% of funds raised
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UAE to Bolster Data Security With Its First National Crypto Library
Abu Dhabi’s Technology Innovation Institute (TII), the applied research pillar of the Advanced Technology Research Council (ATRC), announced that its Cryptography Research Centre (CRC) has built the UAE’s first national and sovereign crypto library. By leveraging a combination of custom
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First Abu Dhabi Bank Ties up With Visa to Launch Virtual Corporate Card
First Abu Dhabi Bank (FAB) has partnered with Visa to launch digital payment solutions, the Visa Central Travel Account and Virtual Corporate Cards, to cater to its corporate clients. The Central Travel Account solution was designed to make it easier
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Cloud Banking Platform Mambu Expands Its Reach With New Office in the UAE
Cloud banking platform Mambu announced that they have set up a new office in Abu Dhabi as the United Arab Emirates has quickly emerged as a key market for it. As a state-of-the-art hub, the UAE is consistently evolving and
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