BKN301 Group, a fintech company specializing in Banking-as-a-Service (BaaS), has successfully closed a capital increase of $23.8 million. This funding aims to support the company’s global expansion, particularly into the United Arab Emirates and Saudi Arabia, while also enhancing its proprietary BaaS Orchestrator platform. The investment round was underwritten by key players, including CDP Venture...
M37Labs, recognized globally for its enterprise-grade AI solutions, has announced its expansion into the UAE market through a strategic partnership with The Dream Earth UAE. This collaboration aims to enhance AI-driven business innovation throughout the region, marking a significant step in M37Labs’ efforts to leverage the UAE’s growing AI sector. The UAE’s AI market is...
du, a leading telecom and digital services provider, has announced its role as the headline sponsor of the DCD Connect MENA event, scheduled for April 15-16, 2025. This sponsorship aims to reinforce du Tech’s position as a national hyperscaler within the data centre industry, focusing on AI-enabled and liquid cooling data centres to drive the...
The UAE Government Cybersecurity Council has officially announced the launch of the country’s first Cybersecurity Excellence Awards and Recognition Programme. This initiative aims to celebrate outstanding contributions to the field of cybersecurity within the UAE. The awards will recognize individuals and organizations that have made significant strides in enhancing the cybersecurity landscape. This includes achievements...
A recent rise in AI-powered applications that transform selfies into whimsical, Studio Ghibli-style artwork has captured the attention of social media users globally. However, UAE cybersecurity officials and experts are raising alarms about significant privacy concerns and potential data misuse associated with these applications. According to MSN, Dr. Mohamed Al Kuwaiti, Head of Cybersecurity for...
The Ministry of Communications and Information Technology in Egypt has announced its goal to enable over 25% of the workforce to utilize artificial intelligence (AI) tools within the next five years. This initiative is part of a broader effort to help various institutions leverage AI’s capabilities to enhance their operational objectives. As part of this...
The Dubai International Financial Centre (DIFC) will host the third edition of the Dubai FinTech Summit on May 12 and 13, 2025. This event is held under the patronage of His Highness Maktoum bin Mohammed, the Deputy Ruler of Dubai and Chairman of the DIFC. His Highness emphasized that the summit showcases Dubai’s commitment to...
In the UAE, several electric vehicles are emerging as strong alternatives to Tesla, with brands like BYD, Polestar, and Lucid gaining attention. These companies offer a variety of models that not only compete in performance but also in features and pricing, appealing to a growing market of environmentally conscious consumers. BYD, known for its extensive...
The Saudi Media Company (SMC) has partnered with Abu Dhabi-based Multiply Group PJSC to explore advanced advertising technology platforms through a newly signed Memorandum of Understanding (MoU). According to Economy Middle East, this collaboration aims to identify potential investment opportunities and develop innovative AI-powered advertising solutions for the MENA region. The agreement establishes a framework...
Standard Chartered, a licensed crypto custodian in the UAE, has partnered with OKX to introduce a collateral mirroring program. This initiative, operating under the regulatory framework of Dubai’s Virtual Asset Regulatory Authority (VARA), allows institutional clients to use crypto and tokenized money market funds as off-exchange collateral for trading. According to MSN, the pilot program...