Browsing:Fintech News

Paymob will focus on serving the country’s growing number of SMEs and microbusinesses
2 years ago 3 mins read

Paymob Embarks on Next Phase of Expansion by Announcing the U.A.E. as its Regional Hub

Dubai, United Arab Emirates – 02 November 2022 – Paymob, the leading omnichannel payments facilitator in the MENAP region, today embarked on the next phase of its expansion plans by announcing the U.A.E. as its regional hub. This step marks an important milestone in Paymob’s global growth plans, fueled by recent Series B funding led by PayPal Ventures. Paymob plans to make a sizeable investment in the U.A.E. market over the next three years.  The expansion into the U.A.E. market will serve to empower small and medium enterprises (SMEs) and microbusinesses across the seven Emirates, with best-in-class digital payments solutions

Optimisus introduces the first read-to-earn, write-to-earn, and edit-to-earn web3 media platform
2 years ago 3 mins read

Optimisus: The World’s First Read-To-Earn, Write-To-Earn, and Edit-To-Earn Web3 Media Platform

At Optimisus, the team believes that a world in which users are rewarded for their time spent reading, interacting, and engaging with content is what the media industry will look like in the future. Optimisus’ goal is to make this free-sharing society a reality by giving readers, content creators, and editors the ability to earn tokens from the time, engagement, and work that have contributed to the development of the sector. Optimisus aims to achieve this vision by making it exciting for users to interact with content for their own benefit and that of the crypto space.  The company’s vision

Inflation in the United States is currently 8.2%, a tenth of a percent higher than anticipated but lower than last month's 8.3%, according to newly released economic data.
2 years ago 1 min read

U.S. economic figures published show inflation is at 8.2%

Inflation in the United States is currently 8.2%, a tenth of a percent higher than anticipated but lower than last month’s 8.3%, according to newly released economic data. The Federal Reserve’s future policy, will be informed by the key consumer report, including interest rates, which reveals that inflation is slowing. However, it is reported to be more slowly than anticipated. This could lead to more interest rate increases from the central bank very soon. After two months of decline, data from the Producer Price Index (PPI) published yesterday showed that the rate of PPI inflation was 8.5% through September, up

His Excellency Abdulla Bin Touq Al Marri, UAE Minister of Economy with the GITEX audience along with some exciting announcements such as the UAE's first metaverse hospital
2 years ago 4 mins read

UAE Minister of Economy, metaverse hospital launch, unicorn top tips – Day 3 of GITEX GLOBAL 2022

UAE, October 12, 2022: Day three of the 42nd edition of GITEX GLOBAL, the world’s largest tech and start-up event, witnessed an exclusive interaction of His Excellency Abdulla Bin Touq Al Marri, UAE Minister of Economy with the GITEX audience along with some exciting announcements such as the UAE’s first metaverse hospital, biggest unicorns of the world congregating under one roof to share funding advice, and a sneak peek into how robotics is transforming surgery. UAE Minister of Economy addresses GITEX GLOBAL audience His Excellency Abdulla Bin Touq Al Marri, UAE Minister of Economy began Day 3 proceedings at GITEX

Expanding business expense card services to SMEs in the UAE and Bahrain
2 years ago 4 mins read

XPENCE – THE FINANCIAL MANAGEMENT PLATFORM EMPOWERING MENAP SMES-  LAUNCHES ITS EXPENSE MANAGEMENT SOLUTION IN THE UAE

Expanding business expense card services to SMEs in the UAE and Bahrain Rapid regional expansion follows high demand for business banking services from SMEs Abu Dhabi – 12 October 2022: Xpence-the MENAP region’s first financial management platform with embedded business banking solutions for SMEs, announces the launch of its expense management solution in the UAE – the second of five strategic markets it plans to launch in over the next 18 months. Announcing this latest market entry at the GITEX Global technology conference, Xpence is now issuing VISA cards in the UAE and Bahrain. Xpence is launching its services in

His Excellency Omar Sultan Al Olama stated that the UAE and Dubai have long consolidated its status as the international hub to set-up and attract unicorn and leading digital companies from across the globe.
2 years ago 5 mins read

Omar Al Olama: Expand North Star a strategic catalyst for the digital economy reflecting GITEX GLOBAL impact on the tech industry

Expand North Star hosted by Dubai Chamber of Digital Economy to launch in May 2023 Dubai, UAE, 11 October 2022: His Excellency Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, and Chairman of Dubai Chamber of Digital Economy stated that the UAE and Dubai have long consolidated its status as the international hub to set-up and attract unicorn and leading digital companies from across the globe, which reflects the UAE leadership in creating the best ecosystem for entrepreneurs, tech-preneurs, as well as start-ups to flourish and expand their impact on the world

e& enterprise
2 years ago 5 mins read

e& enterprise announces the successful 100% acquisition of Smartworld

Smartworld now rebranded to e& enterprise iot and ai ABU DHABI, UAE. 11 October 2022: e& enterprise, part of e& (formerly known as Etisalat Group), announced it has completed its acquisition of Smartworld, one of the UAE’s leading technology solutions providers and systems integrators. The acquisition marks a major milestone for e& enterprise as it progresses into the enterprise digital space and enables organisations to maximise their digital potential. Smartworld will now operate under e& enterprise and formally rebranded to e& enterprise iot and ai. Smartworld’s solutions portfolio will be embedded in the established Internet of Things (IoT) and Artificial

Co-Founder & COO of The Sandbox, and Mike Butcher
2 years ago 3 mins read

Global tech leaders unpack the true value and impact of the Web 3.0 economy at GITEX GLOBAL 2022

UAE, October 10, 2022: International pioneers of the Web 3.0 economy are in Dubai, bringing a host of never-seen-before experiences and technology innovations to propel the next digital revolution at the world’s largest tech event, GITEX GLOBAL 2022. From Oct 10-14, Dubai World Trade Centre (DWTC) is hosting the global tech ecosystem, with over 1,000 thought-provoking speakers and more than 5,000 companies from 90 countries spanning 26 halls and two million sq. ft of exhibition space. H.E. Omar Bin Sultan Al Olama, UAE Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, delivered the opening keynote speech

42nd edition of largest tech show to welcome more than 5,000 companies to explore and experiment in a decentralised future of the internet and a sustainable global digital economy
2 years ago 13 mins read

GITEX GLOBAL 2022 gathers world’s leaders to challenge and collaborate in the Web 3.0 economy

42nd edition of the largest tech show to welcome more than 5,000 companies to explore and experiment in a decentralized future of the internet and a sustainable global digital economy GITEX sets to wow with the year’s biggest and most immersive metaverse experience across multiple sectors, from music, fashion, sports, to lifestyle, and business His Excellency Omar Al Olama: “My office has partnered with GITEX to ensure that we’re not just showcasing technology, but inventing and developing technology” UAE, September 29, 2022: Dubai will transform into the ultimate digital epicenter of the world next month, as the UAE hosts the

Optimisus Partners With NOWPayments To Expand Its Services
2 years ago 1 min read

Optimisus Partners With NOWPayments To Expand Its Services

It is with great pleasure to announce our strategic partnership with NOWPayments, a cryptocurrency payment gateway juggernaut, which allows businesses to accept BTC, ETH, XRP, and other digital assets. NOWPayments offers over 50 cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). The platform also provides one of the lowest fees in the crypto space. Most importantly, NOWPayments provide the best-in-class account manager along with round-the-clock customer service support. With our hearts filled with joy, we are delighted to share that Optimisus will work hand-in-hand with NOWPayments to expand its crypto media services and leverage more and more trendy blockchain-based and crypto

Former U.S. Treasury Secretary discusses what’s next for the Global Economy at UAE’s AIM Summit
2 years ago 3 mins read

Former U.S. Treasury Secretary discusses what’s next for the Global Economy at UAE’s AIM Summit

Economist Lawrence H. Summers has been the leading voice in the national debate on inflation. What are the risks ahead once inflation is tamed? Will slow-growth and secular stagnation re-emerge? Dubai UAE September 16th 2022: Lawrence H. Summers, the renowned American economist who served as the 71st United States Secretary of Treasury from 1999-2001 under Bill Clinton, as well as the Director of the National Economic Council from 2009 to 2010 under Barack Obama, will be offering his insights into the global economy and financial markets during the 13th edition of AIM Summit being held on the 21st and 22nd

Riyadh to host global fintech experts as the Kingdom ramps up to transform into a digital economy
2 years ago 3 mins read

Riyadh to host global fintech experts as the Kingdom ramps up to transform into a digital economy

Centered around Saudi Arabia’s national economic development strategy and Saudi Vision 2030, Trescon brings World Fintech Show to the Kingdom, which aims to connect global fintech innovators with enterprises, investors, policymakers, government authorities, and collaborators to redefine and re-energize financial services by adopting the most impactful technologies. Tuesday, September 13, 2022, Riyadh, Saudi Arabia: After successfully managing DIFC Fintech Week, one of the largest fintech events in the Middle East, Trescon will host its World Fintech Show taking place on 5 – 6 December 2022 at the Intercontinental Riyadh, Saudi Arabia. World Fintech Show is a thought-leadership-driven, business-focused event that

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