Saudi Arabia is reportedly in talks with UAE and Bahrain to establish a coordinated approach to the regulation and nurturing of fintech startups in the region.
Accelerating creative minds: FinTech Hive receives huge response this year
FinTech Hive has received an overwhelming response of over 300 applications that were created from all around the world – triple the number of applications received in 2017.
Softbank raises stake in Yahoo Japan
SoftBank Group is increasing its stake in Yahoo Japan through a $2 billion, three-way deal with US firm Altaba.
Middle East firms collect more data than they can handle: study
Gemalto has released the results of a global study which reveals that more than half of the companies surveyed in the Middle East (56 percent) are unable to analyse all the data they collect and 32 percent do not know where their sensitive data is stored.
Organisations struggle with too many vendors and security skills gap: study
The study titled, The Challenge of Building the Right Security Automation Architecture, highlighted that the growing threat landscape and security skills gap facing cybersecurity teams demand that organisations implement automation for a stronger security posture.
New initiative to empower young entrepreneurs launches in UAE
The partnership aims to focus on supporting entrepreneurship, financial literacy and workplace readiness amongst the youth of the UAE and the wider Middle East
Abu Dhabi incubator revamps programme for Emirati tech entrepreneurs
startAD, the innovation and entrepreneurship platform anchored at NYU Abu Dhabi, has partnered with Khalifa Fund for Enterprise Development for the first time to present an updated version of Ibtikari (My Innovation).
LG bets big on robotics startups
LG Electronics has invested $3 million in US-based Bossa Nova Robotics — marking the first time the company has injected funds into an overseas robot developer.
startAD opens applications for AI-focused sprint accelerator programme
startAD, the innovation and entrepreneurship platform anchored at NYU Abu Dhabi, has opened applications for its inaugural Artificial Intelligence (AI) Venture Launchpad.
Saudi Arabia to foster SME growth with new R&D initiative
Saudi Arabia’s Research and Development Office (RDO) has announced a new initiative that will provide small businesses in the kingdom access to the research facilities of local universities.
SMBs still struggle with over-complicated IT infrastructure
As their businesses grow, companies increasingly embrace new business tools and cloud services in an attempt to make their employees’ working lives more efficient and flexible, as well as reduce expenditures.
Emirates to build $40 million vertical farming facility in Dubai
Emirates Flight Catering (EKFC) will co-invest $40 million to build the world’s largest vertical farming facility near Al Maktoum International Airport at Dubai World Central.
Bahrain VC raises $100M to support Middle East tech startups
Bahrain Development Bank (BDB) has announced that the Al Waha Fund of Funds has successfully closed its $100 million fundraising round.
ConsenSys Ventures unveils new blockchain-focused accelerator programme
ConsenSys Ventures has announced that it will be accepting applications for the Tachyon accelerator.