Archive
First Digital Bank Launched in Turkey
Anglo-Turkish fintech venture Colendi is launching Turkey’s first digital deposit bank after approval from the Banking Regulation and Supervision Agency (BRSA). “We are thrilled to obtain authorisation for the establishment of a digital deposit bank, ushering in a new era
Read More
Mastercard and Checkout.com Partner to Enable Instant Wallet Top-Ups for Careem
In partnership with Mastercard and Checkout.com, Careem Pay has integrated Mastercard Send to enable customers in the UAE to access near real-time payments into their Careem Pay wallets, making it quicker and more convenient to use the Careem app to
Read More
Saudi Arabia Launches New $200 Million Early Stage Startup Fund
Saudi Arabia’s Crown Prince Mohammed bin Salman has launched a $200 million (SAR750 million) fund for early-stage investment in local and global high-tech companies, as part of King Abdullah University of Science and Technology (KAUST) strategy. The strategy, which aligns
Read More
Emirates Development Bank Launches Supply Chain Finance and Working Capital Solutions for SME’s
Emirates Development Bank (EDB) has inked a Memorandum of Understanding to create supply chain finance and working capital solutions for SMEs in collaboration with Trade Capital Partners (TCP). This partnership was facilitated by Hub71, Abu Dhabi’s global tech ecosystem, as
Read More
Virtual Assets Trading Platform M2 Receives Financial Services Permission From Abu Dhabi Global Market
The new virtual asset platform M2 has been officially granted a Financial Services Permission (FSP) license in the Abu Dhabi Global Market (ADGM) from the Financial Services Regulatory Authority (FSRA) and is now approved to operate a multilateral trading facility
Read More
Antler Accelerates MENAP Presence and Launches New $60M Early Stage Fund
Antler announces the expansion of its presence to MENAP with Dr. Jonathan Doerr and Romain Assunção as Partners. The firm aims to strengthen the region’s entrepreneurial ecosystem by backing exceptional founders at the earliest stage with co-founder matching, personalized coaching,
Read More
Dubai Introduces AI and Web3 Licenses for Startups
The Dubai AI and Web 3.0 Campus has announced that it is issuing artificial intelligence (AI) and Web3 licenses supporting activities ranging from Distributed Ledger Technology Services, specialised Artificial Intelligence Research & consultancies, IT infrastructure builders, Technology Research and Development
Read More
UAE Plans National System for Carbon Credits Based on Blockchain Technology
Mariam bint Mohammed Almheiri, Minister of Climate Change and Environment, witnessed the signing of a Memorandum of Understanding between the Ministry of Climate Change and Environment (MoCCAE), the Industrial Innovation Group LLC and Venom Foundation on cooperation to establish the
Read More
Payoneer Acquires Israeli AI Data Platform Spott
Payoneer announced the asset acquisition of Israel-based Spott, a real-time data platform that uses AI to accurately surface, assess, and quantify data for more informed and faster business decision-making. Spott’s technology will enable Payoneer to better understand and serve customers,
Read More
Mastercard Partners With One Global to Introduce Click to Pay in Kuwait
Mastercard has launched Click to Pay (C2P) in Kuwait in collaboration with One Global under its Payment Service provider (PSP) license. Mastercard’s Click to Pay sets a new standard for guest checkout transactions, delivering a more consistent experience for consumers
Read More