Dubai-based fintech Zywa gets backed by Y Combinator and closes a $1M pre-seed round for its teen neobank. Besides Y Combinator, the strategic investors from the United States and the Middle East who participated in the round include executives from Google, Amazon, Netflix, McKinsey, Morgan Stanley, as well as regional bankers and entrepreneurs. Zywa is […]
HE Mariam bint Mohammed Almheiri, UAE Minister of Climate Change and Environment, will address a distinguished gathering of conservationists, biologists, ocean explorers, researchers, and photographers during the opening ceremony of the Xposure International Photography Festival’s first-ever Conservation Summit on Thursday, February 10. HE Mariam bint Mohammed Almheiri, who spearheads the UAE’s drive to mitigate and […]
Dubai Customs was awarded the 100% Paperless Stamp from Dubai Digital Authority. The ‘Stamp’ is awarded to government entities that have fully implemented the Dubai Paperless Strategy, inaugurated at the beginning of 2020 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai. The […]
Aramex, a leading global provider of comprehensive logistics and transportation solutions, has launched Aramex Bot, the world’s largest WhatsApp chatbot to date. Integrated with the popular messaging app WhatsApp, the chatbot solution was developed by arabot, MENA’s leader in conversational AI and text-based chatbot technologies that helps enterprises design a rich conversational experience with ease. […]
Al Seer Marine PJSC, the leading marine company in the Middle East region that is engaged across multiple marine sectors and a subsidiary of International Holding Company (IHC), has announced today a sizeable investment of 375 million equity shares (AED 1.2 billion) in Abu Dhabi Ports Group allocated ahead of its IPO. The investment […]
Rising oil prices are boosting economic growth throughout the oil producing economies of the MENA region, with predictions that GDP will largely return to pre-pandemic levels during the course of 2022. Oil prices are expected to level out at about USD70 per barrel, with global demand for oil picking up. In the countries of the […]
The Metropolitan Group’s flagship real estate companies, Dubai-based Metropolitan Premium Properties (MPP) and Abu Dhabi-based Metropolitan Capital Real Estate (MCRE), have registered a 400% increase in full-year property deals compared to the same period in 2020. The company also saw its average transactions value more than double from $500,000 to over $1.1M last year with […]
LEAP, the largest debut tech expo in the world took place between 1st and 3rd of February 2022 hosting an assortment of the most innovative information technology companies from around the globe with a particular focus on startups within the tech field. Around 500 startups of various stages competed in the “Rocket Fuel Startup Pitch […]
The Telecommunications and Digital Government Regulatory Authority (TDRA) issued the UAE Digital Transformation Enablers Report. The report included the milestones of the digital transformation process in the UAE since its establishment. The report also highlights briefly TDRA’s role in empowering government entities and society throughout the process of digital transformation. This role is consistent with […]
S&P Global Ratings believes that Saudi issuances have risen 37% in calendar year 2021. Saudi companies and government raised USD $36.9 billion sukuk in 2021, compared to USD $27 billion in 2020 and USD $28.6 billion in 2019. In 2021, while the global sukuk issuance reached USD $147.4 billion compared with USD $148.4 billion in […]
