News
DIFC unites FinTechs and banks for innovation
According to recent research by Report Ocean, the global FinTech Lending Market was valued at approximately $573.05 bn in 2021 and is anticipated to grow with a healthy growth rate of more than 27.4% ...
Generative AI to usher in a bold new future
New research from Accenture finds that generative AI and other rapidly evolving technologies are ushering in a bold new future for business as physical and digital worlds become inextricably linked.
bp invests $11m in India’s e-mobility startup, Magenta Mobility
bp ventures has invested $11 million in India’s e-mobility startup, Magenta Mobility, which specialises in the electrification of logistics and last-mile delivery – the journey from a distribution cen...
IPA Qatar launches its first digital platform for investors
The Investment Promotion Agency Qatar (IPA Qatar) has launched Invest Qatar Gateway, the first digital platform for investors in Qatar. A free online resource for foreign investors and companies in Qa...
e& acquires majority stake in Careem Super App for $400m
e& today announced to acquire a majority stake in Careem’s Super App spinout. Careem’s ride hailing business will remain fully owned by Uber and continue to be available with all other...
Spheroid Universe to launch AI avatars in Augmented Reality
Spheroid Universe, a futuristic Metaverse that augments the real world in every part of the Earth, has announced the upcoming launch of artificial intelligence (AI) Avatars that will inhabit the world...
Republic Crypto establishes office in UAE
Republic Crypto, a global blockchain firm that provides end-to-end white glove advisory services to accelerate the best crypto companies from seed to liquidity, has expanded to the UAE with an aim to ...
Saudi-owned Savvy Games to acquire Scopely for $4.9 billion
Savvy Games Group, wholly owned by Saudi Arabia’s Public Investment Fund (“PIF”), is all set to acquire Scopely for $4.9 billion, which will help the company strengthen it’s ability to deliver new and...
UNWTO launches Startup Competition to support women tourism tech entrepreneurs
UNWTO has launched a new Startup Competition to support women tourism tech entrepreneurs and innovators across the Middle East. The initiative gives innovators the chance to compete for enhanced capac...