Latest World News

News from all over the world

Report: Impact of COVID19 on the Tech Entrepreneurship Ecosystem in MENA

A research report on the impact of COVID-19 on the startup ecosystem across the Middle East and North Africa (MENA). As the COVID-19 outbreak continues to impact the way we live, work, and operate, very few startups in the region

Read More

Central Bank of UAE and ADGM to Jointly Host and Organise Fintech Abu Dhabi 2020

The Central Bank of the UAE (CBUAE) and Abu Dhabi Global Market (ADGM) will collaborate and jointly host and organise the 4th annual FinTech Abu Dhabi Festival which will be held from 24 to 26 November 2020. Celebrating its fourth edition,

Read More

Tabby, a “Buy Now, Pay Later” Startup Serving Saudi Arabia and the UAE

COVID-19 has already killed more than 260,000 people and infected over 3,700,000 people so far, according to data from Johns Hopkins University. In addition to the serious health implications, the virus is also having a several impact on businesses and

Read More

TPay Mobile and Vodafone Egypt Launch Digital Payment on Google Play

Vodafone Egypt, the largest mobile network operator in Egypt in terms of active subscribers and Tpay Mobile, a digital payment enabler in the Middle East and Africa, announced the launch of Direct Carrier Billing (DCB) on the Google Play store.

Read More

Flat6labs Bahrain Holds Their First Digital Demo Day for Its 4th Cycle

Flat6Labs Bahrain announced that it has successfully completed 4 Cycles since its launch in March 2018. Within its 2 years of operations, the accelerator has reached several milestones which include job creation, supporting startups & the local ecosystem, raising awareness

Read More

UAE Based Fintech Pointcheckout Wins Euvsvirus Hackathon Challenge

PointCheckout has developed an innovative solution using its digital wallet platform to tackle the distribution of support funds in a fast, secure and efficient way to citizens. The #EUvsVirus Hackathon featured close to 21,000 participants and brought together people of

Read More

Hubpay, the Digital Wallet for the Remittance Community in the Gulf, Announces Its Seed Round

Hubpay announces its Seed funding round led by a leading US venture capital firm – Signal Peak Ventures. The investment raised will support the launch of Hubpay’s digital wallet in the Middle East market. Additionally, a UAE angel investment group

Read More

Saudi Arabia Permits New Fintech Companies to Operate in Regulatory Sandbox

The Saudi Arabian Monetary Authority (SAMA) announced that it has Permitted 9 FinTech Companies as a new batch to operate in the Regulatory Sandbox. These companies have, therefore joined the list of companies permitted in the two previous cohorts, bringing

Read More

Saudi Banks Need to Accelerate Digital Transformation Plans Amid COVID-19 Disruptions

Banks in Saudi Arabia have to revisit their digital transformation plans and strive to launch new channels that will sustain delivery of products and services amid the Covid-19 pandemic, according to the findings of a new report released KPMG Al

Read More

Dubai Welcomes Regulatory Sandbox Applications for Its 2020 Summer Cohort

The Dubai Financial Services Authority (DFSA) invites applications from local and international companies to apply to join its 2020 Summer Cohort. Successful cohort applicants will be invited to apply to enter the DFSA’s version of the regulatory sandbox, known as

Read More