Fintech

UAE’s new digital bank Zand set for ‘imminent launch’ after Dubai Bank deal

The shareholders of Zand, the first digital bank in the UAE to provide both retail…

Oman’s Akeed raises $2.5 million series A round

Oman’s leading food delivery app, Akeed Delivery is making a big splash in Oman’s budding…

Dubai based FinTech SimpliFi raises $5.1m to expand across Mena and Pakistan

SimpliFi, a Dubai-based financial technology start-up, secured $5.1 million in new funding that it plans to…

Elon Musk says he will pay over $11 billion in taxes this year

Elon Musk faces a hefty tax bill this year — possibly the biggest in U.S. history.…

Dubai SME appoints McLedger as an official accounting partner

McLedger, the region’s first homegrown fintech cloud platform, has been appointed by Dubai SME as…

Saudi Arabia’s PIF raises $3.2bn from STC share sale

Saudi Arabia’s Public Investment Fund (PIF) has raised $3.2 billion after completing a secondary share offering of…

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…