BlackRock Inc. is collaborating with Emirates NBD, a prominent Dubai-based lender, to launch a new platform aimed at providing Middle Eastern investors with enhanced access to rapidly growing private markets. This initiative is expected to significantly benefit wealth clients of Emirates NBD by offering them opportunities in private credit and alternative assets. The new product...
The MENA FinTech Association (MFTA) has announced a strategic partnership with the FinTech Armenia Association, aimed at bolstering fintech innovation in both regions. This collaboration, which was revealed in a press release, signifies a step forward in enhancing cross-border synergies in Financial Technology, Artificial Intelligence, and Banking. It emphasizes the goal of strengthening the global...
Abu Dhabi is set to welcome more than 25,000 participants, including prominent figures and top global investors, during the AIM Investment Summit 2025. The event, taking place under the theme “A Roadmap for Investment,” aims to explore the best investment opportunities available in various sectors. The summit will feature a diverse lineup of speakers and...
The UAE property market is gaining traction among foreign institutional investors, who previously viewed it as speculative and unstable. This shift in perception is largely due to the potential for substantial returns and the country’s dependable rule of law. For a long time, many investors dismissed the UAE real estate sector as merely a luxury...
Sheikh Mohamed bin Zayed bin Sultan Al Nahyan, the ruler of Abu Dhabi, recently met with David Sacks, the United States Special Advisor on Artificial Intelligence and Cryptocurrency. This meeting took place as the United Arab Emirates (UAE) announced a significant $1.4 trillion investment framework aimed at bolstering its economic ties with the United States....
NymCard, a fintech platform that operates across more than 10 countries in the MENA region, has successfully secured $33 million in its Series B funding round. This significant investment was spearheaded by QED Investors, which marks their first major funding move in the Gulf region. Participating in this funding round were several existing investors, including...
Sovereign wealth funds (SWF) in the Gulf region are experiencing significant growth, with the United Arab Emirates (UAE) and Saudi Arabia leading this expansion. A recent report from Deloitte Middle East highlights that total assets under management for global SWFs reached $12 trillion by the end of 2024 and are projected to rise to $18...
Abu Dhabi’s Lunate, an asset management firm with $105 billion in assets, has launched a new venture named Axight that will focus on private equity deals in the Asia-Pacific region. This initiative aims to increase Lunate’s exposure to faster-growing markets, as revealed by sources familiar with the matter who requested anonymity due to the confidential...
UAE-based gametech startup PlaysOut has successfully raised US$7 million in a seed funding round, which has resulted in a company valuation of US$70 million. This funding will help PlaysOut enhance its offerings and expand its market presence. The investors participating in this funding round include notable names such as OKX Ventures, KBW Ventures, and Pacific...
Yango Group, a global technology firm, has introduced Yango Ventures, a corporate venture fund aimed at empowering young entrepreneurs across high-growth regions, including LATAM, Sub-Saharan Africa, and MENAP. This initiative is designed to boost local innovation and entrepreneurial growth by offering both capital and access to Yango Group’s extensive experience and network, enabling startups to...