Dubai

Dubai Wants Crypto Companies to Warn Customers of Risks
Dubai Wants Crypto Companies to Warn Customers of Risks
September 26, 2024  |  Cryptocurrency

Dubai’s cryptocurrency regulator reportedly wants companies to warn customers of the risks of digital currencies. The Virtual Assets Regulatory Authority (VARA) updated its guidelines and...

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Dubai’s Ziina Raises $22 Million as UAE’s Small Business Sector Grows
Dubai’s Ziina Raises $22 Million as UAE’s Small Business Sector Grows
September 03, 2024  |  Investments

Ziina has raised $22 million to provide FinTech services for UAE-based small businesses. In an interview with TechCrunch Tuesday (Sept. 3), Co-founder and CEO Faisal Toukan said there were a...

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Mamo Raises $4.3 Million for UAE Small Business Financing
Mamo Raises $4.3 Million for UAE Small Business Financing
July 28, 2024  |  Fintech Investments

Dubai-based financial services firm Mamo has raised $4.3 million in new funding. Founded in 2019, the company offers services such as payment collection, corporate cards...

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Mastercard and LuLu Collaborate on Cardless Payments
Mastercard and LuLu Collaborate on Cardless Payments
July 05, 2024  |  Payment Methods

Mastercard is expanding its partnership with Dubai-based retail conglomerate LuLu Group. The collaboration, announced Friday (July 5), will extend across the markets of Bahrain, Kuwait,...

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Zeebu Marks $1 Billion in Web3 Settlement Transaction Volume
Zeebu Marks $1 Billion in Web3 Settlement Transaction Volume
March 11, 2024  |  Blockchain

Web3 payments platform Zeebu said it exceeded $1 billion in first quarter transaction volume. “In just seven months following the debut of its on-chain settlement platform, Zeebu...

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Dubai Crypto Chief Stepping Down Amid Regulatory Push
Dubai Crypto Chief Stepping Down Amid Regulatory Push
November 16, 2023  |  Cryptocurrency

The head of Dubai’s cryptocurrency authority is reportedly resigning after 11 months on the job. Henson Orser, who became CEO of the Virtual Assets Regulatory Authority (VARA)...

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Riyadh-Based Buy Now, Pay Later Platform Tabby Raises $200 Million
Riyadh-Based Buy Now, Pay Later Platform Tabby Raises $200 Million
November 01, 2023  |  BNPL

Tabby, a buy now, pay later (BNPL) platform based in Riyadh, has raised $200 million in its Series D funding round, achieving a valuation of...

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Dubai and Mastercard Forge Digital City Partnership for Economic Development
Dubai and Mastercard Forge Digital City Partnership for Economic Development
July 07, 2023  |  Partnerships

Dubai’s Department of Economy and Tourism (DET) has announced a partnership with Mastercard to accelerate the emirate’s growth in line with the goals of the...

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Payment Infrastructure Firm NymCard Acquires MENA-Focused BNPL Firm Spotii
Payment Infrastructure Firm NymCard Acquires MENA-Focused BNPL Firm Spotii
June 12, 2023  |  Acquisitions

Payments infrastructure provider NymCard has acquired buy now, pay later firm Spotii. The purchase, announced Monday (June 12), lets Dubai-based NymCard offer its financial services clients a buy now, pay...

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