Emirati-founded fintech, Lune, secures USD850k pre-seed funding to accelerate expansion in MENA

Lune – a UAE-based data start-up co-founded by Helal Tariq Lootah, an Emirati entrepreneur, and Alexandre Soued – today announced it has successfully raised USD850,000 in its pre-seed round backed by Dubai Future District Fund (DFDF), Flat6Labs, and several angel investors. The company, which unlocks unprecedented insight from consumers’ financial transactions, already operates across the […]

With more than 90% of the GCC’s population connected to the internet, neobanks expected to record accelerated growth in the region

Neobanks, often referred to as challenger banks operate under the umbrella of mainstream finance but are supercharging specific services long associated with veteran institutions such as retail banks, payment providers, and international wire services. These financial service providers operate online entirely, with no physical presence apart from office space in the offline world. Estimates now […]

MEPRA receives record award entries as agencies, in-house teams showcase their best PR campaigns

The Middle East Public Relations Association (MEPRA) announced today that it has received a record-breaking of close to 800 award entries from regional public relations agencies and in-house communications departments for this year’s premier awards gala event. The annual MEPRA Awards is the most coveted event of its kind and is open to all Middle […]

MBRCGI, MBRIF announce winners of Pitch@MBRCGI innovation competition

The Mohammed bin Rashid Centre for Government Innovation (MBRCGI) and the Mohammed bin Rashid Innovation Fund (MBRIF) have unveiled the winners of Pitch@MBRCGI. Out of the 300 projects submitted, 21 innovative projects were shortlisted at GITEX, and two of those projects were selected as the winners of the competition. Pitch@MBRCGI, launched in September, embodies the […]

More than 80% of the public companies in the MENA do not disclose any quantitative sustainability data

Clarity AI, the leading global sustainability tech platform, announced today that in a sample of 40,000 public companies, approximately only 30% report at least one quantitative sustainability metric. As further requirements under the EU’s Sustainable Finance Disclosure Regulation (SFDR) come into force in fewer than 70 days, lack of available reported data may necessitate the […]

Kitch-In expands its portfolio to include ten new international themed brands

Kitch-In, an innovative food provider headquartered in Dubai, is set to expand its portfolio with the launch of ten new brands.  Driving innovation and sustainability through manufacturing its own food, Kitch-In boasts a vast and diverse portfolio of the region’s favourite brands.  In partnership with global hospitality leader Accor Group and restaurant experts, Bulldozer Group, […]

TAWAL acquires King Abdullah Economic City telecommunication towers

TAWAL, the leading integrated ICT infrastructure provider in the Kingdom, has signed a strategic partnership agreement with King Abdullah Economic City (KAEC). As part of the agreement, TAWAL will provide ICT infrastructure solutions to be used within the city. These solutions will improve the efficiency of KAEC’s telecommunications network through the application of best practices […]