Latest World News
News from all over the world
Saudi Personal Finance Platform Yabi Grabs USD 8M Seed Funding
Yabi by Souqalmal was launched in Saudi Arabia this November, boasting a localised personal finance wellbeing platform. Driven by its firm belief in localisation for true value creation when it comes to personal finance, Yabi launched in both English and
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eToro Gets Abu Dhabi Regulator Approval
eToro has received approval for a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to operate as a broker for securities, derivatives, and cryptoassets in the United Arab Emirates. Yoni Assia,
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MENA’s Banking Sector Driven by AI and Digital Transformation
The banking sector in the Middle East and North Africa (MENA) is anticipated to experience significant growth, a development which will be driven by rising demand for banking services, ongoing progress of digital transformation, and the expansion of digital banking,
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Ajman Bank and Mastercard Launch Real Time Remittance Service in UAE
Dubai’s Ajman Bank has initiated a strategic partnership with Mastercard to launch cross-border payment services for person-to-person (P2P) fund transfers through Ajman Bank’s Digital Banking application. With this collaboration, the bank will provide real-time remittances across more than 40 countries
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UAE’s First Islamic Robo-Advisor Launched
Wahed Invest Limited, a global fintech that offers Shariah-compliant investing, has become the UAE’s first Islamic digital investment management platform. The company has obtained a Financial Services Permission from the Financial Services Regulatory Authority of Abu Dhabi Global Market. Wahed
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Wio Bank Goes Virtual Asset Trading
Wio Bank, UAE’s online bank and Fuze, a digital assets infrastructure provider, have partnered to empower Wio Bank customers with virtual assets trading services. Customers will be able to buy and sell popular cryptocurrencies such as Bitcoin and Ethereum, directly
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Top 7 UAE Investors Fueling the Fintech Revolution
Investors from the United Arab Emirates (UAE) are actively backing promising tech startups in the Middle East and North Africa (MENA), opening their wallets to innovative ventures and contributing to the region’s entrepreneurial growth. Between 2018 and H1 2023, a
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Abu Dhabi’s $50 Billion Fund Partners With BNY Mellon to Launch Wealth Tech Firm
Lunate, a global alternative investment management company with more than $50 billion of assets under management, and BNY Mellon, one of the world’s largest custodian, are investing in a new company, Alpheya, that will develop a customized wealth management technology
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Top 50 Pioneering Climate Tech Startups in the Middle East
PwC Middle East has launched its first Net Zero Future50 report, revealing 50 pioneering start-ups in the Middle East driving innovation focused on reducing greenhouse gas emissions and addressing the impacts of global warming across key economic sectors in the
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Hub71 and Seoul Join Forces to Boost Startups
Hub71 has signed a strategic cross-border partnership with the Seoul Metropolitan Government, to support the international growth and commercial activities of tech startups in the UAE and South Korea. The strategic partnership is based on mutual support and collaboration, which
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