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...
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09.04.202509.04.2025Economy
UAE Markets Show Resilience Amid US-China Trade Tensions
Markets in the United Arab Emirates closed higher on April 9, 2025, despite escalating tensions from the ongoing US-China trade war. This resilience was observed even as US President Donald Trump intensified the tariff battle by raising duties on Chinese goods to 104%. The FTSE ADX General Index rose by 0.853%, while the DFM General...
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UAE Delegation Highlights Economic Growth and AI at World Economic Forum
The World Economic Forum (WEF) Annual Meeting in Davos is focusing on significant global issues such as the Ukraine-Russia war, the emergence of Trump 2.0, and the rapid advancement of artificial intelligence. The 55th annual gathering, which runs from January 20 to 24, aims to foster insightful discussions aimed at reviving and reimagining economic growth...