Fintech

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…

British electric lorry start-up Tevva raises $57m in funding

British electric lorry start-up Tevva said it raised $57 million in its latest funding round…

Instagram is paying huge bonuses for posting on reels

To attract more content creators, the Meta-owned photo-sharing platform Instagram is now paying bonuses of…

Alphabet becomes third company to hit $2 trillion cap

Alphabet, the parent company of Google, became only the third company in the world to…

Singapore FinTech TSLC raises $25m from Abu Dhabi investor-led group

The Social Loan Company, a Singapore FinTech start-up, raised more than $25 million to fund…