Fintech

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…

The US tech giant to invest $740m in Australia

Google has announced that it will invest A$1bn ($740m, £550m) in Australia over the next…

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…