Fintech

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.,…

IDC forecasts the quantum computing market to reach $8.6 billion in 2027

International Data Corporation published its first forecast for the worldwide quantum computing market, Worldwide Quantum Computing…

ATRC awards AED40 mn in competitive research funding to 53 R & D projects across eight key sectors

Abu Dhabi’s Advanced Technology Research Council (ATRC), the overarching entity mandated to shape Abu Dhabi’s…

How technology has revolutionized our finances

As the UAE celebrates its Jubilee year, the country has emerged as a leading global player…

Geely’s Lotus Technology planning to raise to $500m in funds

Lotus Technology, a new unit of China’s Geely, set up to develop the technology to…