Sav, an innovator in the personal savings space, announced the successful closure of its pre-seed funding round, raising $750,000 in the capital.

Mohammed bin Rashid Innovation Fund (MBRIF), an initiative launched by the UAE Ministry of Finance to support nationwide innovation, has partnered with Dubai Silicon Oasis (DSO), the free zone technology park and member of Dubai Integrated Economic Zones Authority (DIEZ), to support emerging technology start-ups in the UAE through Dubai Technology Entrepreneur Campus (Dtec)

Mohammed Bin Rashid Innovation Fund (MBRIF), an initiative launched by the UAE Ministry of Finance to support innovation in the UAE, has chosen 18 members to participate in the latest cohort of its Accelerator Program.

ProvenMed, a UAE MedTech innovation startup supported by the Mohammed Bin Rashid Innovation Fund, has signed an agreement with South Korean advanced manufacturing platform HubForward to produce its flagship medical kits.

The Direct Debit Marketplace platform, which is available to organizations that take recurring fees in any industry, is bank agnostic, which means it does not affect the merchants’ relationship with their banking services provider. The platform provides users with peace of mind because direct debits enabled by the platform are integrated with and regulated by the UAE Central Bank. Payers benefit from cancellation control as part of their contractual terms.