News Inc.Arabia Staff Quantix First Fintech to Get CBUAE’s Finance Company License This license allows Quantix to offer a range of lending, credit, and microfinancing services.
News Inc.Arabia Staff Pathfinder Secures $325Mn Investment Ahead of NASDAQ Debut Silver Rock Group will provide Pathfinder with the funding over the next three years, starting in the fourth quarter (Q4) of 2024.
News Inc.Arabia Staff UAE Favors Streaming and Social Media for 2024 Olympics YouGov survey shows that 49% of UAE residents will watch the games through online streaming, while 48% will rely on social media updates.
News Inc.Arabia Staff ADIA Considers $1 Billion Investment in Nestle Ice Cream JV No final agreements have been made, and other investors might also emerge to support Froneri.
News Inc.Arabia Staff Egypt’s Banknbox, CSC Jordan to Enhance Financial Inclusion This partnership aims to advance financial inclusion and deliver enhanced services to customers of both companies.
News Inc.Arabia Staff Elon Musk Announces Launch Date for Human-Like Robots Named Optimus, the robot is about 1.7 meters tall and weighs 56 kg.
News Inc.Arabia Staff Shorooq Partners Leads $1.5Mn Funding for Zyp Technologies This investment will support the launch of Zyp’s electric smart mobility technologies in Lahore, Pakistan.
News Inc.Arabia Staff Takamul National Acquires 15% Stake in Nabataty The financial details of the deal were not disclosed.
News Inc.Arabia Staff Abu Dhabi Property Market Soars with Rising FDI: Bayut The analysis indicates noticeable price increases and rising demand across both affordable and luxury segments.
News Inc.Arabia Staff Google Reverses Decision to Remove Cookies from Chrome This shift comes in response to concerns from advertisers.
News Inc.Arabia Staff Wa’ed Ventures Invests $15 Million in Chipmaker Rebellions Rebellions is developing its proprietary chip in collaboration with Samsung Electronics Co. to serve the generative artificial intelligence market.
News Inc.Arabia Staff Ogram Secures Funding to Expand in Saudi Arabia The round was led by Oraseya Capital, the venture capital arm of Dubai Integrated Economic Zones Authority (DIEZ).
News Inc.Arabia Staff UAE and Seychelles Enhance Payment System Collaboration UAE and Seychelles central banks sign MoU for cross-border transaction facilitation. This involves advancing the currency exchange market, easing bilateral trade and direct investment, and settling remittances.
News Inc.Arabia Staff Joe Biden Withdraws from The 2024 Presidential Race Amid significant party pressure, President Biden announced his decision to suspend his campaign and endorse Vice President Kamala Harris to take his place.
News Inc.Arabia Staff CrowdStrike Advances in Restoring Systems After IT Outage The firm also mentioned it is deploying a new fix aimed at speeding up the recovery of computer systems.
News Inc.Arabia Staff Kemitt Expands into Saudi Arabia with New Funding Kemitt has launched a dedicated website for Saudi Arabia, offering over 25,000 SKUs.
News Inc.Arabia Staff OTO Raises $8 Million from Series A Funding OTO will use the funds to expand its operations in Saudi Arabia, the UAE, and Turkey.
News Inc.Arabia Staff Okhtboot Bags $270,000 from Pre-seed Funding Round The investment will support Okhtboot's growth and expansion plans.
News Inc.Arabia Staff Tech Mal Secures $1 Million in Pre-seed Round Tech Mal operates as a micro-consumer finance company licensed by the Central Bank of Saudi Arabia (SAMA).
News Inc.Arabia Staff MNT-Halan Nets $157.5 Million for Regional Expansion The investment round saw contributions from the International Finance Corporation (IFC) with $40 million, alongside Development Partners International (DPI), Lorax Capital Partners, and funds managed by Apis Partners LLP, Lunate, and GB Corp.
News Inc.Arabia Staff Amanat Holdings to Launch IPO for Education Subsidiary The offering will be subject to market conditions and the necessary regulatory approvals.
News Inc.Arabia Staff Saudi Authority First to Achieve New ISO AI Certification The Saudi Authority for Data and Artificial Intelligence is now the world's pioneer in obtaining the International Standards Organization’s 42001:2023 certification for managing Artificial Intelligence Systems.
News Inc.Arabia Staff Saudi Arabia and World Bank Forge Economic Partnership Both parties engaged in talks about economic challenges at regional and global levels, as well as examined ways to improve collaboration between Saudi Arabia and the World Bank.
News Inc.Arabia Staff MBZUAI Hosts AI Summer School Promoting Sustainable AI MBZUAI's summer school familiarizes UAE students with AI's capacity to contribute to achieving the UN Sustainable Development Goals.
News Inc.Arabia Staff PayTabs, Digital Haze to Enhance Digital Business Solutions This partnership aims to support business operations in the Levant region.
News Inc.Arabia Staff OpenAI Launches Cost-Efficient GPT-4o Mini Model The GPT-4o mini aims to broaden access to OpenAI's technology by reducing costs and computational requirements compared to previous models.
News Inc.Arabia Staff Saudi Esports Federation Opens Legacy Museum at SEF Arena The museum details the federation's achievements since its establishment in October 2017.
News Inc.Arabia Staff OpenAI Co-Founder Launches AI Education Startup Eureka Labs Karpathy, a founding member of OpenAI, revealed that the first course offered by Eureka Labs will teach students how to build their own large language model (LLM).
News Inc.Arabia Staff Wa'ed Ventures Invests in aiXplain The funding round also saw participation from several strategic angel investors.
News Inc.Arabia Staff SaudiPreneur Program Celebrates First Graduates Participants underwent over 33 hours of training, including workshops and mentorship from industry experts.
News Inc.Arabia Staff Microsoft Users Face 'Blue Screen of Death' After IT Outage The issues stem from a recent update by cybersecurity firm CrowdStrike.
News Inc.Arabia Staff e& and Samsung Team up for UAE Smart Schools initiative Samsung Gulf Electronics, in collaboration with e& UAE, has launched the Samsung Smart Schools concept in the UAE.
News Inc.Arabia Staff myZoi Launches UAE’s 1st Inclusive Digital Wallet This follows a $14 million fundraising round from SC Ventures and SBI Holdings.
News Inc.Arabia Staff Dopay Secures $13.5 Million in Series A Extension This funding adds to a previous $18 million Series A round, bringing the total to $31.5 million.
News Inc.Arabia Staff Majarra Acquires AI/NLP Startup Lableb Under Majarra's ownership, Lableb will continue to operate independently, focusing on the challenges of Arabic language processing.