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 Council (GCC) countries. The $22 million Series B extension round follows a $50 million initial Series B funding round in...
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 Cooperation Council (GCC) region. This collaboration will leverage Mastercard’s expertise in payment technology to enhance Pluto’s existing suite of solutions,...
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) to refinance debt ahead of a potential initial public offering (IPO). This is being done to realign its capital structure,...
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 to a Monday (May 1) report by Gulf Daily News. In doing so, the council set the stage for Bahrain to link...
September 22, 2024
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 Emirates (UAE) are turning to AI projects as a way to diversify their economies, CNBC reported Sunday (Sept. 22). In the last year, funding for AI firms from these oil-rich […]
September 11, 2024
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 Council (GCC) countries. The $22...
November 30, 2023
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 Cooperation Council (GCC) region. This...
August 10, 2023
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) to refinance debt ahead of...
