Fintech

UAE and Russia foreign trade hits $4 billion in 2021

The total trade between Russia and the UAE is set to jump 21 percent to…

Young Arabs turn to fintech as saving, investing takes off

Being raised in the Middle East with a lack of savings and investment culture, many…

Microsoft set to win EU antitrust approval for $16bn Nuance acquisition

US software giant Microsoft is said to be close to securing unconditional EU antitrust approval…

UAE start-up GrubTech raises $13mln in the new funding round

UAE-based start-up GrubTech announced that it has raised $13 million in a new funding round…

Saudi fintech start-up Lamaa secures $5.5m seed funding

Lamaa, a Riyadh-based fintech start-up that provides invoice financing solutions for small and medium-sized enterprises…

UAE signed $3.5bn deal to build world’s largest polyolefin plastics plant

The owners of the Borouge polyolefin plant in the UAE have signed a $3.5 billion contract to…

Global semiconductor sales projected to exceed $600 billion in 2022

The Semiconductor Industry Association (SIA) announced that worldwide sales of semiconductors were $48.8 billion in…

Germany’s IFE offers funding for green projects by Egyptian companies

Investing for Employment (IFE), a facility that is part of the German Federal Ministry for…

SoftBank-Backed Snapdeal Targets $250 Million IPO in 2022

Snapdeal, the Indian online retailer backed by SoftBank Group Corp. and Alibaba Group Holding Ltd.,…