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UAE Leads MENA in Financial Inclusion: Research

Financial inclusion diverges across the Middle East and North Africa (MENA), with the United Arab Emirates (UAE) taking the lead and Morocco lagging behind, according to a new report by Fintech Consortium, Bahrain Fintech Bay, and Jordan Fintech Bay. In

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Over 1,000 Applications for First Artificial Intelligence Masters and PhDs in Abu Dhabi

The Mohamed bin Zayed University of Artificial Intelligence, MBZUAI, the first graduate-level, research-based AI university in the world, held its first official Advisory Board meeting to review ongoing activities as the University gears up to welcome its first class of

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Digital Transformation Initiatives Drive MEA Growth: Crossing the $15 Billion Mark by 2023

Governments across the Middle East and Africa (MEA) spent a combined $12.8 billion on information and communication technologies (ICT) last year, according to the latest findings from International Data Corporation (IDC). The global technology research and consulting firm expects this figure

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Dubai Free Trade Zone Wants to Bring Sugar on the Blockchain

DMCC – the free zone and Government of Dubai Authority on commodities trade and enterprise – has signed a strategic membership agreement with Al Khaleej Sugar and Universa Blockchain that sees DMCC Tradeflow support the development of a new sugar

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6 Banks to Launch the First KYC Blockchain Consortium in UAE

Dubai Economy, along with Emirates NBD, Emirates Islamic, HSBC, RAKBANK, Abu Dhabi Commercial Bank (ADCB) and Commercial Bank of Dubai (CBD), has formed a consortium for sharing of verified KYC (Know Your Customer) data between banks and licensing authorities in

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Swiss Fintech Startup Instimatch Global Launches in Qatar

Instimatch Global, the money markets fintech network, has entered the Gulf market, partnering with a leading Qatari institution and a group of local partners to establish a joint venture. It has already secured a range of leading banks as new

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A New Funding Accelerator Programme for Fintech Startups in the MEASA Region

DIFC’s FinTech Hive revealed the launch of a new funding accelerator programme for FinTech start-ups in the MEASA region. FinTech Hive Scale Up programme benefits scaleups by helping them grow through strategic partnerships and receiving investment resources through the DIFC FinTech

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Fintech In Kenya: An Overview

Over the last couple of years, Kenya has been touted as a center for technological innovation from which highly innovative financial technologies, (fintech), have emerged. Kenya falls among top African nations that are innovators in the financial sector, only coming

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Gulf Bank Signs With Swiss Lending Startup for Digital Cash Deposits

Gulf Bank has signed up as a client of Instimatch Global, the international digital network for institutional money market lending. This marks Instimatch’s entry into the Kuwaiti market, with Gulf Bank joining over 80 leading institutions from across Europe and

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Saudi Arabian Startup Funding Hit New Records

In 2019, Saudi Arabian startups raised a record of US$67 million through 71 deals, representing a 35% increase in investment amount and a 92% increase in deal count, according to the 2019 Saudi Arabia Venture Capital Snapshot report by startup

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