Gulf Cooperation Council

AI Startups Find Financing Pipeline in Middle Eastern Sovereign Wealth Funds 
AI Startups Find Financing Pipeline in Middle Eastern Sovereign Wealth Funds 
September 22, 2024  |  artificial intelligence

Sovereign wealth funds have reportedly become major players in the artificial intelligence (AI) funding race. Countries such as Saudi Arabia, Kuwait and the United Arab...

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Paymob Raises $22 Million to Expand in Egypt and GCC Countries
Paymob Raises $22 Million to Expand in Egypt and GCC Countries
September 11, 2024  |  Investments

Financial services enabler Paymob raised another $22 million to expand its offering in its core market of Egypt and its newer markets in Gulf Cooperation...

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Pluto Partners With Mastercard on Payment Options in GCC Region 
Pluto Partners With Mastercard on Payment Options in GCC Region 
November 30, 2023  |  B2B Payments

Pluto, a provider of financial corporate spend management solutions in the United Arab Emirates (UAE), has partnered with Mastercard to provide B2B payment solutions in the Gulf...

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Lulu Group Raising $2.72 Billion to Reposition Business for IPO
Lulu Group Raising $2.72 Billion to Reposition Business for IPO
August 10, 2023  |  Investments

Abu Dhabi-based LuLu Group International, which owns one of the largest hypermarket chains in the Middle East, is reportedly raising 10 billion dirhams (about $2.72 billion)...

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Bahrain Gets Permission to Join Gulf Region Payment System
Bahrain Gets Permission to Join Gulf Region Payment System
May 01, 2023  |  Payment Methods

Bahrain is set to join other Persian Gulf region countries in a unified payments/settlement system. The country’s Shura Council approved the move this weekend, according...

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Steve Madden to Expand GCC Footprint via Joint Venture
Steve Madden to Expand GCC Footprint via Joint Venture
January 30, 2023  |  Retail

Apparel Group and Steve Madden have entered into a joint venture. The Dubai-based retail group has signed an agreement with the U.S. fashion company to...

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Banks Help Power Foreign Real Estate Investing in London
Banks Help Power Foreign Real Estate Investing in London
December 19, 2022  |  Real Estate

A weak pound sterling is making London a prime target for GCC real estate investing. And there are plenty of banks in the city ready...

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Tech and Capital Markets Reform Fuel GCC IPO Boom
Tech and Capital Markets Reform Fuel GCC IPO Boom
November 29, 2022  |  Market Conditions

It’s been a dry year for initial public offering (IPO) volume around the world. But while most stock markets have experienced a decline in both...

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Mobile is King as Digital Payments Gain Ground in GCC
Mobile is King as Digital Payments Gain Ground in GCC
November 07, 2022  |  Mobile Payments

Between growing smartphone penetration, the proliferation of new FinTech solutions and a growing shift from cash to digital payments, the Gulf Cooperation Council (GCC) region...

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