Middle East

How AI Investments Could Change the Middle East
How AI Investments Could Change the Middle East
March 25, 2024  |  artificial intelligence

Saudi Arabia’s reported $40 billion artificial intelligence (AI) investment fund represents a leap to redefine the Middle East’s role in the global technology landscape.  The...

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Deel to Acquire Africa-Focused Payroll Firm PaySpace
Deel to Acquire Africa-Focused Payroll Firm PaySpace
March 05, 2024  |  Acquisitions

Hiring and payroll platform Deel is set to acquire payroll and HR firm PaySpace. “Our team looked at many global payroll players, and PaySpace emerged as the best of the...

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Qashio and CredibleX Launch Business Financing Solution in MENA Region 
Qashio and CredibleX Launch Business Financing Solution in MENA Region 
January 08, 2024  |  Partnerships

Qashio and CredibleX have partnered on an initiative to provide financing to businesses in the Middle East and North Africa (MENA) region.  The new Qashio Financing solution...

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Soum Raises $18 Million to Expand ReCommerce in MENA
Soum Raises $18 Million to Expand ReCommerce in MENA
December 20, 2023  |  eCommerce

ReCommerce platform Soum has raised $18 million to expand through the Middle East. The company, founded in Saudi Arabia in 2021, now hopes to extend its business into...

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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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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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Middle East Conflict and Treasury Yields Slow IPO Market Recovery
Middle East Conflict and Treasury Yields Slow IPO Market Recovery
October 22, 2023  |  IPO

The initial public offering (IPO) market, which had shown signs of rebounding, is now facing challenges due to factors like the conflict in the Middle...

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Report: OpenAI Share Sale Could Value Firm at $90 Billion
Report: OpenAI Share Sale Could Value Firm at $90 Billion
October 16, 2023  |  artificial intelligence

OpenAI is reportedly readying a share sale valuing the company at $90 billion.  That’s according to a recent New York Post report which notes that...

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Truist and Standard Chartered Join Forces on Trade Finance
Truist and Standard Chartered Join Forces on Trade Finance
September 20, 2023  |  Cross Border Commerce

International banking group Standard Chartered Americas has announced a trade finance partnership with financial services company Truist Bank. This strategic collaboration aims to strengthen trade finance capabilities in...

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