Fintech

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.,…

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…