Gulf Capital is increasingly targeting sectors include renewable energy, technology, consumer and business services and defensive sectors offering high growth rates.
Abu Dhabi calls on fintech innovators to compete in annual challenge
UAE-based institutions will begin by collaborating with ADGM to identify a specific business problem that can be resolved through the use of financial technology.
RAKBANK enhances customer service with AI
RAKBANK has recently introduced a cognitive chatbot that allows bank employees to interact with an AI-powered IBM platform to help them answer questions, find solutions or quickly route pending requests to human advisors.
Dubai fintech accelerator kicks off 2018 programme
FinTech Hive at DIFC has announced that it will begin accepting applications for its 2018 programme starting Sunday, 20th May, kicking off a competitive search for the top financial technology (fintech) and insurance technology (insurtech) innovators in the region.
SoftBank $100 billion Vision Fund 2.0 in the works
SoftBank Group founder and CEO Masayoshi Son is reportedly planning the firm’s next $100 billion venture – a version 2.0 of the world’s biggest technology fund, according to people familiar with the matter.
HSBC conducts “world’s first” trade finance deal
HSBC has reportedly performed the world’s first trade finance transaction using blockchain technology.
Despite tech advancements, M&A remains a human activity, says experts
The fundamentals of merger and acquisition (M&A) deals in the GCC region have not been significantly affected by artificial intelligence (AI) and still rely on human cognition, according to experts at the recent accountancy and finance body ICAEW’s Corporate Finance Faculty roundtable.
Blockchain-based e-commerce initiative launches in Qatar
Fintech company QPAY has launched a major blockchain e-commerce initiative based on the ‘Ethereum’ blockchain platform in Qatar.
Apple Pay credit cards are coming soon
Apple is reportedly working with financial giant Goldman Sachs on a credit card that would carry the iPhone maker’s digital wallet logo.
Saudi Arabia sees “largest fintech acquisition” to date
Gulf Capital has reportedly acquired a strategic stake in Saudi Geidea, a provider of electronic payment solutions and financial technologies in the Kingdom of Saudi Arabia.