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August 3, 2022

Tabby secures $150m credit facility

Tabby, the payments and shopping app for the Middle East and North Africa, has secured $150 million in debt financing from Atalaya Capital Management and existing investor Partners for Growth (PFG).
by News Desk | 2 min read
August 2, 2022

What’s new at GITEX in 2022?

One of the world's most influential technology industry events is set to take place this year in Dubai from Monday, 10 October to Friday, 14 October. Taking place every year, the event brings together thought leaders, creators, innovators, and makers
by News Desk | 2 min read
July 29, 2022

Headed for the Metaverse: CBI joins the virtual world

CBI is among one the early adapter bank in the middle east region to establish a virtual Metaverse presence in Decentraland, a notable blockchain-based world. Decentraland also hosts Warba bank, a Kuwait-based Islamic bank. Warba also has a site in the sandbox showing a strong footing in the metaverse.
by News Desk | 2 min read
July 14, 2022

ENBD launches ‘National Digital Talent Program’ to support UAE’s ambition

The UAE student population is heavily concentrated in core STEM fields such as ICT, Engineering, and Natural Sciences. This is an excellent opportunity to upskill STEM graduates by putting the skills they have learned into real-life work experiences with industry experts, resulting in a larger pool of UAE talent capable of building next era of technology solutions, primarily Artificial Intelligence.
by News Desk | 4 min read
June 22, 2022

Tribal Credit to deliver Shari’a compliant products in MENA region

Tribal Credit, a Silicon Valley-based global company that provides integrated financial solutions for startups in the Middle East and emerging markets, announced that it has hired Shariyah Review Bureau (SRB), a Shari'a Advisory firm based in the Gulf Cooperation Council, to review, certify, and supervise Shari'a compliance for its new corporate cards and working capital products in Islamic markets.
by News Desk | 2 min read
June 16, 2022

Mastercard empowers open banking startups

These five businesses will join a network of over 300 startups that have taken part in the award-winning Start Path startup engagement program. They will be able to collaborate with Mastercard's global ecosystem of banks, merchants, partners, and digital players to deliver and scale open banking solutions. Start Path alumni are now entering public markets, achieving unicorn status.
by News Desk | 2 min read
June 15, 2022

Webinar by Dubai Chamber of Commerce sheds light on UAE-India free trade deal

“The UAE is the third largest trading partner for India and synergizes the scope of business opportunities for stakeholders,” he said. “The trade pact will aid in taking forward the two-way trade to $100 billion in five years from the existing $60 billion. This is a joint effort to combine the vision of both nations,” said Deepak Sood, Secretary General, Associated Chambers of Commerce and Industry of India.
by News Desk | 2 min read
June 13, 2022

The future of commerce and digital payments

According to a study by the University of Oxford, money is a transmission route for bacteria, up to 26,000 per banknote. In many areas, the fear that banknotes or coins are a vehicle for the transmission of infection has caused some establishments or services to prohibit it. Many US restaurants have gone cashless and are using QR codes for menus.
by News Desk | 5 min read
June 10, 2022

Alibaba Cloud underscores its commitment to digitization in MENA region

Alibaba Cloud has 84 availability zones in 27 regions around the world, providing a highly secure, scalable, and robust cloud infrastructure to global customers embracing digital innovation.
by News Desk | 2 min read
June 8, 2022

PayBy, UnionPay partner to build cashless ecosystem in the UAE

UnionPay International (UPI) has enabled card acceptance in 180 countries and regions, with issuance in more than 70 countries and regions, through partnerships with over 2500 institutions worldwide. UPI offers the world's largest cardholder base high-quality, cost-effective, and secure cross-border payment services, as well as convenient local services to a growing number of global UnionPay cardholders and merchants.
by News Desk | 2 min read