News
IBF Net launches Shariah-compliant metaverse on the Algorand blockchain
IBF Net has launched Netverse (www.ntvr.se), the world’s first metaverse on the Algorand blockchain, which is also the world’s first Shariah-compliant metaverse on any blockchain. Netverse is expected...
NBQ partners with UAQ Chamber of Commerce and Industry to spur entrepreneurship
The National Bank of Umm Al Quwain (NBQ) has announced the signing of a Memorandum of Understanding (MOU) with the UAQ Chamber of Commerce and Industry to enhance joint cooperation in local entreprene...
Pine Labs enters UAE market
Pine Labs has announced that it has entered the United Arab Emirates (UAE) market. Pine Labs will partner with local banks and financial institutions in the region to help them serve their merchant pa...
Tabby raises $58 million in its Series C round
Tabby has raised $58 million from Sequoia Capital India, STV, PayPal Ventures, Mubadala Investment Capital, Arbor Ventures, and Endeavor Catalyst in a Series C round which values the company at $660 m...
Masdar City strengthens its position as the hub for AI and clean energy startups
A new partnership between Masdar City, Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), and The Catalyst, the region’s first clean technology startup accelerator, aims to drive the gr...
Egyptian gaming platform, GBarena acquires Tunisia’s Galactech for $15 million
GBarena, the leading Middle East esports platform, announced an agreement to acquire Tunisia-based Galactech, the gaming leader in North Africa alongside a significant presence in the GCC. The transac...
Okredo to provide competitive advantage to SMEs in the UK
Okredo wants to give SMEs in the UK a competitive advantage by offering access to the most recent data about other UK businesses. Okredo merges open data, open banking, and credit bureau functionaliti...
Saudi and WEF launch innovation accelerator
A high-level delegation from Saudi Arabia participated in a multilateral meeting with the World Economic Forum’s (WEF) leadership at WEF’s 2023 Annual Meeting. His Highness Prince Faisal Bin Farhan Al...
Masdar City and AWS collaborate to accelerate growth of UAE startups
Masdar City is collaborating with Amazon Web Services (AWS) to empower startups to build scalable and secure cloud-based services that accelerate their growth. Announced at Abu Dhabi Sustainability We...