The UAE’s proactive approach to blockchain and crypto innovation drove record-breaking growth in 2024. Here is how Dubai has been innovating and spearheading growth in the sector.
Abu Dhabi’s MGX Helps Bankroll Trump’s $100 Billion AI Plan
A day after his inauguration as US President, Donald Trump unveiled a $100 billion venture to fund artificial intelligence infrastructure, backed by three of the biggest names in tech – OpenAI, …
Oraseya Capital Tops The List of Most Active UAE-Based Investors in 2024
Oraseya Capital invests in pre-seed stage to Series B investment-ready startups in high-potential sectors such as AI, proptech, fintech, and cleantech.
Open banking fuels GCC fintech boom as UAE, Saudi lead regional growth surge
The open banking payments volume in the GCC is projected to quadruple to over $930 billion by 2028 from $230 billion in 2023 amidst all the member countries running real-time payment programmes …
Deadline demanded in Telegraph sale after Abu Dhabi fund urges cuts
Lisa Nandy, Culture Secretary, must set a deadline for a sale of The Telegraph by an Abu Dhabi fund after it made a “very concerning” call for budget cuts, Sir Ed Davey has demanded.
Abu Dhabi Global Health Week to take place on April 15
Dr. Noura Khamis Al Ghaithi, Undersecretary of DoH, said, “Abu Dhabi Global Health Week demonstrates our commitment to driving impactful change in the global healthcare landscape. Together, we aim to …
Fintech Paymob Granted Retail Payment Services License by Central Bank of the UAE
Paymob, the financial services enabler in MENA-P, announces it has been granted the Retail Payment Services License by the Central Bank of the UAE (CBUAE) after meeting all regulatory conditions and …
Saudi Arabia achieves a record number of venture capital deals
Riyadh, Saudi Arabia – The “2024 Saudi Arabia Venture Capital Report” revealed that Saudi Arabia achieved a record number of 178 venture capital (VC) deals in 2024, accounting for 31% of the MENA …
Oraseya Capital tops the list of investors in the UAE and MENA region for 2024, according to MAGNiTT
Dubai, UAE: Oraseya Capital, the investment arm of Dubai Integrated Economic Zones Authority (DIEZ), has been recognized as the most active investor by number of deals in the UAE for 2024, according …
Saudi Arabia leads region with 178 venture capital deals last year
Saudi Arabia achieved a record number of 178 venture capital (VC) deals in 2024, accounting for 31 per cent of the MENA region’s total number of deals.
Income tax ‘not on the table’ says UAE minister
The UAE has no plans to introduce income tax, economy minister Abdulla bin Touq Al Marri has said, dismissing speculation the country was in discussions to end its traditional tax-free status.
ICAEW and PwC Academy collaborate to launch a UAE-Specific Pathway for tax and finance professionals
This collaboration integrates two leading qualifications with a UAE focus and international recognition, accelerating career growth for the region’s finance professionals …
UAE’s NMDC Energy opens advanced fabrication yard in Ras Al Khair, Saudi Arabia
NMDC Energy, a provider of engineering, procurement and construction services for offshore and onshore energy clients, opened an advanced fabrication yard in Ras Al Khair, Saudi Arabia. The new …
Dubai Investment Fund to Launch Support Program for African Fintech Startups
The Dubai Investment Fund (DIF), one of the Middle East’s largest independent investment funds, is reportedly launching a new program to support African fintech startups.
Revealed: UAE to see massive surge in business travel in 2025 as companies revert to frequent business trips, employee retreats
The rising trend of “frolleague” will also add to the demand spike for business travel to the region this year …
UAE Minister of Economy Emphasizes Private Sector’s Role In Clinching Economic Competitiveness at Davos
H.E. Abdulla bin Touq Al Marri, Minister of Economy, emphasized the private sector’s role as a key partner in driving national economic growth and boosting its competitiveness at both regional and …
PwC CEO Survey 2025: UAE and Saudi bosses planning new hires and expecting more revenue amid optimism, despite AI and climate disruption
The regional findings reveal strong confidence amongst CEOs in their companies’ revenue growth, with those in the GCC particularly optimistic about revenue growth in 2025 (at 90 per cent). 61 per cent …