Israel
New Report Highlights Fintech’s Growing Importance in Israeli Economy
In Israel, the fintech industry is playing an increasingly important role in the country’s economy. In 2021, the sector employed 20,000 people in Israel and contributed about ILS 8.2 billion (US$2.2 billion) to the country’s gross domestic product (GDP), figures
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Abraham Accords: Unlocking the Potential for Israeli Tech Companies in the UAE
The UAE has over the last five years or so become home to a growing range of innovative tech companies in a wide variety of sectors, including fintech. This has been the result of a very deliberate policy of the
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UBS Next Participates in $20 Million Series B of Israel Compliance Tech Startup
Shield, a compliance tech platform based in Tel Aviv, announced its $20 million Series B financing round, which was led by Macquarie Capital and joined by UBS through its venture and innovation unit UBS Next, Mindset Ventures and OurCrowd. This
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Israel’s OurCrowd Launches AI Hub at ADGM’s Hub 71 With ADIO
Israeli venture investing platform OurCrowd announced plans to invest US$60 million in its Abu Dhabi operations with a new office and AI tech hub, enabled by the Abu Dhabi Investment Office (ADIO). The two new initiatives, which were announced during
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Israel’s Liquidity Group to Establish R&D Center in Abu Dhabi
Credit automation platform Liquidity Group has joined the Abu Dhabi Investment Office (ADIO) Innovation Programme and will establish an R&D center in the city, making it the first Israeli company to do so. Liquidity’s R&D center will focus on developing
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Checkout.com Launches R&D Hub in Tel Aviv To Expand its Talent Pool
UK payments platform Checkout.com has launched a new research and development hub in Israel as part of its international growth plans and to allow the company to tap into new technical talent pools. Checkout.com says that the new office will
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Tel Aviv Stock Exchange to Establish a Digital Asset Platform
The Tel Aviv Stock Exchange (TASE) has published its new strategy for the years 2023-2027, including plans to venture into cryptocurrencies and create a new blockchain-enabled digital asset platform. The bourse says it will promote the implementation of innovative technologies
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Top 8 MENA Fintech Funding Rounds With Corporate VC Investment in H1 2022
Corporate venture capital (CVC) deals declined on the whole in terms of number and volume in the first half of 2022, though the average deal size increased to US$35 million in the second quarter of the year. This is according
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6 Middle East Fintech Startups on CB Insights’ Fintech 250 Most Promising List
Six fintech startups from the Middle East made this year’s Fintech 250, CB Insights’ annual list of the 250 most promising private fintech companies in the world. The 250 winners were selected from a pool of over 12,500 eligible private
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Israel, Norway and Sweden Explore Interlinking CBDC Systems for International Payments
The Bank of Israel, Norges Bank, Sveriges Riksbank and the Bank for International Settlements (BIS) are launching Project Icebreaker to explore how central bank digital currencies (CBDCs) can be used for international retail and remittance payments. The project aims to
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