Al Hail ORIX Finance has formed a strategic partnership with UAE-based fintech payments company Monami Tech to deploy Monami Tech’s technology for SAMA’s business and consumer lending project.
Fast track growth: Visa mentors Dubai tech startups
Visa and Startupbootcamp have hosted “FastTrack”, a mentoring session for startups participating in the Dubai Smart City Accelerator, which is hosted in Dubai Technology Entrepreneur Centre (dtec).
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.
What the Uber-Careem deal says about Middle East startup culture
The MAGNiTT Exit report in 2017 revealed that there was a total of 60 startup exits – the point an investor (usually a venture capitalist) sells their stake in a firm to realise their gains – across the MENA in the years of 2012 to 2017.
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
Middle East unicorn Careem responds to merger talks
Uber is reportedly in “preliminary talks” with local competitor Careem to strike a deal that would see the two companies merge.
Uber in talks to merge with Dubai-based Careem
Uber Technologies is in preliminary talks with rival Careem to combine their Middle Eastern ride-hailing services, Bloomberg reported, citing three people familiar with the matter.
China-backed fund brings new opportunities to Middle East tech firms
London-based investment firm Centricus has partnered with Chinese firms China Merchants Group and SPF Group to launch a $15 billion fund aimed at technology companies globally.
Dubai promotes fintech innovation with new partnership
DIFC has signed a Memorandum of Understanding (MoU) with Finance Innovation, France’s official innovation cluster for the financial industry.
Boeing backs unmanned aerial vehicle startup
Boeing has announced its investment in Matternet, a California-based startup pioneering safe, on-demand unmanned aerial vehicle (UAV) delivery operations in urban environments.