Fintech

Emirates Development Bank lends $191m to UAE’s industrial sector

Emirates Development Bank has allocated a financing package worth more than Dh700 million ($191m) to…

Samsung picks Texas for its $17 billion advanced semiconductors facility

A mid a global shortage of microchips, Samsung Electronics has chosen to build its $17…

Sheikh Khaled bin Mohamed inaugurates Fintech Abu Dhabi

Held under the patronage of H.H. Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of…

Northern Ireland’s FinTech firm ecosystem attracts the UAE spotlight

When Northern Ireland FinTech firm Regtick was set up in August last year, its founders…

Zoom’s third-quarter net profit surged 71% on strong sales

Zoom Video Communications said its third-quarter net profit surged nearly 71.5 percent from the same…

Toyota plans to invest billions of dollars in a battery plant in the US

Toyota Motor is planning to invest billions of dollars in a battery plant to be…

UAE’s extended reality specialist HyperSpace raises $11 million

HyperSpace, a Dubai-based block-up-enabled extended reality startup, has raised $11 million in equity and development…

Worldwide IT spending to exceed $4.5 trillion in 2022

Global spending on information technology (IT) is expected to reach $4.5 trillion in 2022, an…

UAE’s VentureSouq launches $50m venture fund to support Mena’s FinTech sector

VentureSouq, the UAE-based investment firm focused on early-stage technology businesses, unveiled a $50 million venture…

Dubai launches Dh1 billion future district fund to boost tech sector

Dubai’s future bet is the digital economy and there have been few more spectacular demonstrations…