Middle East

Visa, Careem Team To Support Digital Payments Growth In Middle East, N. Africa
Visa, Careem Team To Support Digital Payments Growth In Middle East, N. Africa
June 30, 2020  |  VISA

Careem, the Dubai-based ride hailing company, has entered into a partnership with Visa to expand digital payments. The agreement is expected to accelerate cashless payments...

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BinDawood Prepares First Middle Eastern IPO Since COVID-19
BinDawood Prepares First Middle Eastern IPO Since COVID-19
June 08, 2020  |  IPO

BinDawood Holding is planning to offer an initial public offering (IPO) of its supermarket division by the end of July, in what would be the...

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Amazon’s PayFort Looks To Boost Middle East Startups And SMBs
Amazon’s PayFort Looks To Boost Middle East Startups And SMBs
June 04, 2020  |  Amazon

Amazon-owned PayFort aims to support startups and small and medium-sized businesses (SMBs) in the Middle East with its #StartUpStayUp initiative. The FinTech company has invited more...

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Uber Shuts Eats In Middle East As Subsidiary Cut A Third Of Workforce In Dubai
Uber Shuts Eats In Middle East As Subsidiary Cut A Third Of Workforce In Dubai
May 05, 2020  |  Ridesharing

Dubai-based Careem, a subsidiary of Uber which performs similar ride-hailing business, announced it would be laying off 31 percent of its workforce due to the...

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SoftBank Looks To Raise $10B To Bolster Vision Fund
SoftBank Looks To Raise $10B To Bolster Vision Fund
March 19, 2020  |  Investments

SoftBank‘s first Vision Fund is now looking to grow larger, seeking another $10 billion to help portfolio companies affected by the coronavirus pandemic and its...

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Emirates NBD Digitizes Trade Finance With LiquidX
Emirates NBD Digitizes Trade Finance With LiquidX
March 09, 2020  |  B2B Payments

Emirates NBD, a leader in the Middle East, North Africa and Turkey (MENAT) region, has joined the LiquidX network, the latest in an increasing number...

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i2c Names GM In Middle East, Africa Expansion
i2c Names GM In Middle East, Africa Expansion
March 03, 2020  |  Banking

Payment and open banking tech firm i2c plans to expand its presence in the Middle East and Africa, according to a press release. The plans...

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HSBC Reorganization Slashes 35K Positions, $100B Assets
HSBC Reorganization Slashes 35K Positions, $100B Assets
February 18, 2020  |  International

Europe’s biggest bank by assets, HSBC, is slashing 35,000 jobs and $100 billion in assets as it moves to streamline business functions in the U.S.,...

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i2c Helps Bring Apple Pay To Najm Cardholders In Middle East
i2c Helps Bring Apple Pay To Najm Cardholders In Middle East
January 30, 2020  |  Apple Pay

Digital payments provider i2c is partnering with financial solution provider Najm to bring prepaid, reloadable cards to the Middle East. The collaboration will enable customers...

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