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UAE Government Officials Share Metaverse Ambitions
At the Dubai Metaverse Assembly event last month, top government officials from the United Arab Emirates (UAE) shared their ambitions for the country to become a metaverse pioneer and leader, revealing ongoing initiatives and aspirations moving forward. The Dubai Metaverse
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UAE Banks Risk Losing Customers if They Don’t Onboard Digitally
Banking customers across the Middle East are eager for easier and more convenient ways to bank, according to a recent survey by digital identity-proofing platform provider IDnow. The findings feature in IDnow’s ‘Digital Identity Proofing – onboarding opportunities in the
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Informatica to Provide the Abu Dhabi Government With Data Cloud Services
American enterprise data management company Informatica has signed a multi-year agreement with the Abu Dhabi Digital Authority (ADDA) to provide the city’s government entities with cloud services. Informatica will be a non-exclusive supplier to all 76 Abu Dhabi government entities
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Egypt Money App Telda Raises US$20M Seed Round Led By Global Founders Capital
Cairo-based Gen Z money app Telda has raised US$20 million in seed funding led by Global Founders Capital with participation from Sequoia Capital and new investor Block, Inc. According to TechCrunch, Telda aspires to be a digital bank but it
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Emirates NBD Collaborates With Microsoft on Sustainability, Web 3.0
UAE banking group Emirates NBD and Microsoft announced that they will collaborate on areas such as the hybrid workplace, low code, Web 3.0, sustainability, and employee wellbeing. The announcement, which was made at GITEX Global 2022, follows the bank’s recent
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Hub71, GetFundedAfrica to Help Startups with Expansion Plans and Raise Funds
Abu Dhabi’s tech hub Hub71 has partnered with Nigerian platform GetFundedAfrica, a marketplace that matches startups seeking funding with investors, corporations and government. The partnership aims to provide a soft landing for Hub71 startups looking to expand into Africa, and
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Jordan Kuwait Bank Joins Mastercard’s Accelerator to Support Fintech Startups
Jordan Kuwait Bank (JKB) has joined Mastercard’s fintech startup accelerator Mastercard Fintech Express as a global partner — the first bank in Jordan to do so. The programme, which is part of the Mastercard Accelerate initiative, helps startups obtain a
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Venom Foundation Is the First ADGM-Licensed Crypto Foundation
Venom Foundation is the first crypto foundation to be granted a license to operate a blockchain and issue utility tokens in the Abu Dhabi Global Market (ADGM). The foundation’s aim is to develop and support a self-sufficient blockchain ecosystem to
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Fintech Continues to Gain Momentum in the Middle East and Turkey
In the Middle East and Turkey, young and tech-savvy consumers are driving demand for fintech products and services. Mastercard researches show that not only usage of fintech solutions is raising in the region, but digital tools are also becoming a
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Mastercard Invests in Egyptian VC Firm Nclude
Mastercard has invested in Nclude, a fintech-focused VC investment platform launched in partnership with Egyptian banks Banque Misr, Banque Du Caire and the National Bank of Egypt. Founded in 2022, the company has received US$100 million in funding from the
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