David Wilson

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Lower provisions and higher interest rates to fuel profit growth for UAE’s big banks in 2023

Moody’s Investors Service has reported that the four largest banks in the United Arab Emirates…

UAE’s Al Ansari boosts IPO size on strong investor interest

Al Ansari Financial Services, a leading exchange house in the United Arab Emirates (UAE), is…

WhatsApp introduces new Windows app and features for group admins

Meta CEO Mark Zuckerberg recently announced several new updates to the WhatsApp messaging app, including…

Abu Dhabi’s Hub71 accomplished a funding milestone of $1.22bn

Hub71, a start-up hub located in Abu Dhabi, has reportedly helped start-ups raise nearly Dh4.5…

Saudi Aramco partners with Samsung to bring 5G localization to their industrial operations

Saudi Arabian oil company, Saudi Aramco, has signed a non-binding memorandum of understanding (MoU) with…

UAE Central Bank has begun implementing its Digital Dirham strategy

The UAE Central Bank has announced the launch of its digital currency strategy, Digital Dirham,…

Snap creates a division to aid businesses with AR features

Snap Inc, the owner of the popular photo messaging app Snapchat, has announced the launch…

Dubai pledges $1bn for tech start-ups in the uncertain global market

The Dubai Future District Fund has set an ambitious target of $1 billion for assets…

SpaceX is being considered for investment by investors from Saudi Arabia and the UAE

In a report released by The Information, it was revealed that a unit of Saudi…

Amazon has reduced its workforce by 9,000 employees with a goal of 27,000 in 2023

Amazon CEO Andy Jassy recently announced in a memo to staff that the company will…