QPay closes new round of seed funding with Cyfr Capital as lead investor

Oman’s new licensed ‘Buy Now, Pay Later’ (BNPL) financial services provider, QPay, has successfully closed its new round of seed funding, with Cyfr Capital taking the lead as the primary investor. This significant funding round comes as part of Future Fund Oman (FFO)’s strategic mandate to foster and accelerate growth within the country’s fintech sector. […]

MENA startups raise $328.3mln in September 2024, showcasing strong investor confidence

The Middle East and North Africa (MENA) startup scene continues to thrive, with a total of $328.3 million raised across 60 startups in September 2024. According to the latest report by Rasmal, this impressive amount was secured through investments from 36 different investors, signaling growing confidence in the region’s innovative ventures and entrepreneurial talent. Saudi Arabia […]

MHAO Group discusses with Dubai Government Human Resources Department ways to enhance collaboration in Emiratization

Mohamed Hareb Al Otaiba, Chairman of MHAO Group, visited HE Abdullah Ali Zayed Al Falasi, Director General of the Dubai Government Human Resources Department, during the last day of Ru’ya Careers UAE 2024 that was concluded in Dubai World Trade Centre. The discussions between the two parties focused on enhancing Emiratization in both the public […]

Salesforce expands Dubai presence with new office to support UAE customers’ AI-driven digital transformation

Salesforce, the global leader in AI customer relationship management (CRM), has officially inaugurated its new office in the United Arab Emirates (UAE) in Dubai Internet City. The company’s expansion in Dubai is part of its commitment to support AI innovation, customer success and growth in the UAE. The opening ceremony was attended by His Excellency […]

Dubai International Chamber supports expansion of Dubai-based Surge Energy Drink into Azerbaijan

Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has successfully supported the expansion of Dubai-based energy drinks company Surge Energy Drink into Azerbaijan. The chamber assisted the company with entering into an agreement to distribute its products in the Azerbaijani market, representing a vital step for the growth […]

Dubai Chamber of Digital Economy discusses ways to boost Emirate’s digital economy

Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, has recently hosted the annual meeting of its Advisory Council to discuss the chamber’s key initiatives, achievements and future plans. The meeting explored avenues for increasing the chamber’s contribution to achieving Dubai Economic Agenda (D33) goals, which seek […]