Middle East

Robust Leisure Travel Demand Drives Booking Holdings’ Q2 Performance
Robust Leisure Travel Demand Drives Booking Holdings’ Q2 Performance
August 03, 2023  |  Earnings

Online travel company Booking Holdings reported strong results for the second quarter, driven by robust leisure travel demand and a focus on artificial intelligence (AI) technology. “I...

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European Luxury Retailer Openings Jump 77% as China Sees ‘Softening’
European Luxury Retailer Openings Jump 77% as China Sees ‘Softening’
May 03, 2023  |  Retail

Luxury store openings in Europe skyrocketed last year as global travel resumed. That’s according to the latest edition of Savills’ Global Luxury Retail Outlook, which...

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CVC Consortium Mulls Taking Private Middle Eastern Payments Processor Network International Holdings
CVC Consortium Mulls Taking Private Middle Eastern Payments Processor Network International Holdings
April 13, 2023  |  Acquisitions

Network International Holdings is in discussions about a sale. The provider of digital payment solutions across the Middle East and Africa has received a preliminary and...

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‘Humbled’ VCs Turn to Middle East For Funding
‘Humbled’ VCs Turn to Middle East For Funding
April 12, 2023  |  Investments

As funding evaporates, venture capital firms are seeking an oasis in the Middle East. Groups like Andreessen Horowitz, Tiger Global and IVP have in the...

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ACI Expands; Says It Covers Third of Countries Offering Real-Time Payments
ACI Expands; Says It Covers Third of Countries Offering Real-Time Payments
February 01, 2023  |  Real-Time Payments

Software firm ACI Worldwide says it is expanding amid a global boom in real-time payments. The expansion means ACI now covers about a third of the world’s...

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UAE Targets ‘Hyperscale’ Cloud Computing to Boost Digital Economy
UAE Targets ‘Hyperscale’ Cloud Computing to Boost Digital Economy
January 08, 2023  |  Connected Economy

A new cloud business group in Dubai points to the growth of high-tech industries. With a plan to launch 100 new business groups by March...

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How Did Saudi Arabia and Kenya Dodge VC Funding Slowdown?
How Did Saudi Arabia and Kenya Dodge VC Funding Slowdown?
December 23, 2022  |  Investments

After reaching new heights in 2021, VC funding in EMEA slowed sharply in 2022. While final full-year tallies are not settled yet, data from the...

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Middle East Becomes IPO Oasis Amid Cooling Financial Markets
Middle East Becomes IPO Oasis Amid Cooling Financial Markets
December 14, 2022  |  IPO

The Middle East has become a bright spot among financial markets as IPO activity declines. Initial public offerings (IPOs) in that part of the world...

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Strengthening Relations Help Bolster Israel-UAE FinTech Collaboration
Strengthening Relations Help Bolster Israel-UAE FinTech Collaboration
November 24, 2022  |  Fintech Investments

It’s been two years since a U.S.-brokered deal that normalized diplomatic relations between Israel and the United Arab Emirates (UAE) in 2020, leading to the...

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