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Fintech to Solve Financial Exclusion in Egypt
In Egypt, fintech is set to play a key role in providing basic financial services to the large pool of unbanked people, according to experts and industry observers. Egypt is the most populous nation in the Middle East and North
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Israel Quickly Becoming a Leading Fintech Hub
From its origin as a 90-startup, US$13 million capital sector, the Israeli fintech industry has grown to include approximately 500 fintech startups, collectively raising an estimated total of US$500-650 million to date. According to a report by Deloitte, Israel is quickly becoming
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UAE Fintech Accelerator : 300 Applications
FinTech Hive, the first fintech accelerator in the Middle East, Africa and South Asia (MEASA) region, is gearing up to start its 2018 edition in September, in partnership with Accenture. FinTech Hive has received an overwhelming response of over 300
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Etisalat Adopts Latest Global IOT Security Guidelines
Etisalat today announced its commitment to adapt and implement a common approach to IoT security guidelines that will outline best practices and recommendations for the entire IoT ecosystem. These IoT security guidelines were set by the global organization ‘Global System
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SAP: Saudi Arabia Ranks as Top Digital Banking Market in Middle East and North Africa
As Saudi banks digitally transform, the Kingdom ranks as the top digital banking market in the Middle East and North Africa, with more than three-quarters of banking customers using online or mobile apps, industry experts announced today. In a recent
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Bahrain Witnesses Key Fintech Developments
Over the past year, Bahrain’s fintech ecosystem has witnessed several key developments including the launch of the Central Bank of Bahrain (CBB) dedicated Fintech and Innovation Unit and regulatory sandbox, two initiatives that highlight the growing market demand and interest
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A $100m Venture Capital Fund in Bahrain for Middle East Startups
Bahrain Development Bank (BDB) announces that the Al Waha Fund of Funds has successfully closed its US $100m fundraising round,making it the first active venture capitalfund of funds in the region. The announcement marks an important milestone for the region’s
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First Technology Hardware Accelerator in the Middle East Region Launched in Bahrain
Brinc-Batelco IOT Hub was officially opened in the presence of Ministers, Batelco Board members, Batelco senior executives, invited guests and Bahrain media houses. Batelco, the Kingdom of Bahrain’s digital solutions provider announced in 2017 that it had teamed up with
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Dubai Wants to Serve as Regional Digital Financial Inclusion Hub
The UAE is ideally positioned to serve as the ‘beating heart’ of a regional innovation hub; according to a new report published by Oliver Wyman in collaboration with Dubai International Financial Centre . Titled “The Case for an Innovation Hub
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Dubai Holding Invest AED 1 Billion to Launch Next Generation Digital Bank for UAE
Dubai Holding, the global investment holding company, has announced it will invest up to AED 1 billion over the next five years to launch a next-generation digital bank for the UAE, with plans to expand services across the Middle East
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