Finance | Page 7

According to H.E. Omar bin Sultan Al Olama, UAE Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, the UAE provides the ideal stepping-off point for fintech entrepreneurs from around the world.

Dubai, a city with a flourishing economy, is a trailblazer for technological innovation, and it is now competing to become a global hub for blockchain innovation and crypto enthusiasts.

Open banking, and at a wider level, open finance, provides the necessary environment for banks, fintech companies, and innovation players to successfully develop the future of banking in Saudi Arabia.

Hatch & Boost Ventures will aim to make sustainable and social impact across the MENA region.

With SMEs losing valuable time and money managing their expense claims, spend management solutions like UAE-based Qashio allow businesses to record and report their expenses in real time and instantly issue corporate cards linked to the solution.

Drug development can be a lengthy and costly process, but the final lifesaving product is arguably priceless.

Studio Launchpad stems from the DIFC's efforts to achieve its Strategy 2030 goals, which aim to attract the best minds and companies from across the world to Dubai.

The 2022 edition of the Global Entrepreneurship Congress (GEC 2022), which was held in Riyadh, Saudi Arabia from March 27-30, 2022, was able to secure a total of US$13.8 billion of investment to promote entrepreneurial activity in the Kingdom.

With the investment, Souqalmal plans to execute a growth plan over the next 24 months.

Together with his two partners, Muna AbuSulayman and Rama Chakaki, Raed Masri hopes that the work Transform VC that does will become a pillar of support for enterprising individuals with Middle Eastern roots looking to build businesses in the US.

With the program, Cashee can access capabilities within Visa's global network, as well as boosts its roll out to offer a digital payment solution to youth in MENA.

In this edition of #CryptoConversations, we spoke with Denko Mancheski, CEO and founder of Reef, the most advanced EVM-compatible blockchain.

At the end of Q3 2021, there were 206 fintech unicorns around the world, each worth over US$1 billion; 119 of these fintech unicorns were minted in the first nine months of 2021 alone.

TruKKer will deploy the fresh funds to deepen its presence across all existing markets and launch several new products and features.

EFG Hermes Holding has announced that it has received a non-binding offer from First Abu Dhabi Bank for a potential cash acquisition of a majority stake.

Wa'ed's decision to target later stage funding rounds is a result of 2021 having been a transformational year for the enterprise, said Managing Director Fahad Alidi.

A new Access Sharjah Challenge, Al Mamsha, by Sheraa and Alef Group, will offer a cash prize pool of AED500,000 and AED2.5 million worth of technical support and fit-out packages.

Powered by Fintech Saudi, the special report, An Ultimate Guide To Fintech In The Kingdom Of Saudi Arabia, uncovers first-mover advantage opportunities in the kingdom's fintech industry.

Female and diverse teams still struggle to raise capital, although they tend to outperform, says the Mindshift Capital team.

Lamaa, a Riyadh-based fintech startup, has raised a seed investment in a round led by Raed Ventures and Saudi Aramco's entrepreneurship arm Wa'ed.

EFG Hermes' Investment Banking Division closed a record eight transactions to date worth US$ 3.5 billion.