Funding
Emcredit Launches New empay Mobile Payment Solution
Emcredit, the company created by Dubai Economy, is soon going to launch empay, a unique mobile payment solution. The solution has been developed within the framework of the Dubai Smart Government init...
Palo Alto Networks Forms Venture Fund
Palo Alto Networks has today announced it is forming a $20 million security venture fund. The fund will provide early stage capital investments to fuel development of innovative security applications ...
Quisk and Network International Offer Digital Payment Solution
Quisk Middle East is set to launch its all-new banking payment platform in the UAE, to be applied at all of Network International’s points of sale across the country. Backed by the Smart Dubai G...
GCC Sovereign and Corporate Bond Issuance Amounts to $22 Billion
Total gross bond issuance in the GCC has already surpassed 2016’s total value in the first five months of this year, according to Fisch Asset Management, a global leader in convertible and corporate b...
Salesforce Announces New $50 Million SI Trailblazer Fund
Salesforce has today announced a new $50 million fund from Salesforce Ventures, the company’s corporate investment group. The new SI (system integrator) Trailblazer Fund will be dedicated to the...
Western Union Partners with Arab Federation for e-Commerce
Western Union has announced a collaboration with the Arab Federation for e-Commerce, to jointly boost the uptake of e-Commerce and digital payments in the Middle East and North Africa (MENA) region. R...
Mashreq Launches Quick Remit to Pakistan
Mashreq has announced the exclusive launch of Quick Remit service to Pakistan. Mashreq customers can transfer Pakistani rupees free of charge either – via MashreqOnline or Snapp and enjoy instan...
Emirates NBD Capital Completes UAE’s First IPO in 2017
Emirates NBD Capital Limited (EMCAP), the investment banking division of Emirates NBD PJSC, one of the largest banking groups in the Middle East by assets, has successfully completed its role in the l...
Gulf Capital Invests Half A Billion Dirhams in e-Commerce
Gulf Capital, one of the largest and most active alternative investment firms in the Middle East, today announced that it has deployed over half a billion dirhams (over AED 500 million) to date in tec...