News
Carrefour expands its robotic fleet in the UAE
Carrefour has today announced that it is expanding its robotic fleet by adding 11 more Tally Robots across selected stores in the UAE to support stock management and control.
Dubai’s IBC Group pledges 100,000 Bitcoin to setup Miami 2.0 Blockchain Strategy Foundation
Dubai based IBC Group has pledged 100,000 Bitcoin (current value of USD $4.8 Billion) to setup the Miami 2.0 Blockchain Strategy Foundation and many other related Joint Venture Projects. The group bac...
Palo Alto acquires security startup Bridgecrew for $156 m
Palo Alto Networks will acquire Bridgecrew for approximately $156 million in cash, excluding the value of replacement equity awards, subject to adjustments. The proposed acquisition will enable “...
Nuwa Capital concludes first close of its $100million fund
Nuwa Capital, a venture capital firm, has announced the first close of its flagship fund Nuwa Ventures Fund I (“NVFI”), having raised three-quarters of its US$100 million target in less than a year si...
AWS support Boubyan Bank incubation program in Kuwait
Boubyan Bank has announced that its incubation program for startups, Boubyan Incubation Program, became an AWS Activate Provider in Kuwait. This will provide entrepreneurs and startups cloud computing...
FlexxPay raises $3m in pre-series A round
FlexxPay, a leading Shari’a compliant employee benefit platform has raised USD 3 million in a pre-series A round. The round was joined by leading international and regional investors including JIMCO, ...
10 companies presented at Fintech Saudi’s Demo Day
Fintech Saudi concluded its intensive 3-month Fintech Accelerator Program, which was powered by Flat6Labs, with a Demo Day on Wednesday, For the last three months, ten fintechs have been refining thei...
CorporateStack partners with BasharSoft
Dubai based tech startup, CorporateStack entered into a strategic partnership with Egypt based BasharSoft, the company behind WUZZUF online recruitment platform for professionals, and FORASNA online e...
Dubai ranked among the major cities in the world
Dubai has been placed third overall globally and second in the ‘Major Cities’ category according to the report published by fDi Intelligence, part of the Financial Times. Dubai’s high ranking in the n...