Newsletter #11
Mohammed Azim Ansari
LinkedIn “Top Voice” 2023 | Ex-IDC, BCG, e& | FinTech | Digital | Tech | Strategy | Consulting | Advisory | Analytics | Growth | Market Research | KSA Vision2030 | Startups | Entrepreneur | Consultant
Latest Local & Regional News?
Beyon Money, part of Beyon Group, is launching the Beyon Money SuperApp in the UAE, taking its innovative customer-focused financial services outside of the Kingdom of Bahrain, in line with the company’s ambitious regional expansion plans.
Tamara, the leading fintech platform to shop, pay and bank in Saudi Arabia and the wider GCC region, has achieved the historic milestone of becoming the Kingdom's first homegrown fintech unicorn by securing $340 million in a Series C equity funding round.
It was early 2022 that e& said it was working on plans to hold 50% in Mobily. e& (formerly Etisalat) had in the recent past been making some bold moves in terms of acquisitions, and cutting across the consumer and enterprise sectors. This has included overseas deals as well, including stakes in some of the biggest telecom entities.
Under this partnership, Geidea will integrate the Loyalty Business Management System (LBMS) with Giift's merchant rewards platform GiiftBox platform to offer comprehensive loyalty programs to a wide network of merchants
The MoU will help accelerate the adoption of advanced innovation among Saudi Arabia's home-grown and locally based entrepreneurs and startups.
BCFC says Sahel will enable its customers to apply for credit cards, virtual cards, loans and insurance, as well as manage repayments and view their transaction history, among other features.
Beyon is pleased to announce the upcoming launch of Beyon Money Business, a new vertical offering digital financial solutions tailored to both SMEs and Corporates as part of Beyon's portfolio expansion plans.?
SEE Holding, the UAE's first sustainably focused global holding group aiming to spearhead?a net-zero future, and EnerTech, a Kuwait-based innovator, investor, and developer of end-to-end sustainable solutions, today revealed plans to develop a sustainable city in Kuwait.
Hakbah - the KSA-based fintech savings platform - announces a new partnership with Tarabut - MENA’s leading open banking platform, and an investor in the region’s digital transformation.
Every year, there was a 16.7 percent increase, equivalent to 985.3 million dinars, compared to 5.881 billion dinars in October 2022
Spare, the pioneering open banking services provider, today announced the close of a $3 million funding round led by Vision Ventures with participation from Wa'ed Ventures, Seedra Ventures, global investment firm 500 Global, and notable angel investors.
Malaysian operator Maxis announced Wednesday it has extended its existing agreement to lease Telekom Malaysia’s high-speed broadband (HSBB) access services to 2029.
The funding round was also led by M-Capital, Bunat Ventures as well as existing investors Global Ventures and Aditum Investment Management Ltd.
Qashio, a UAE-founded fintech company, has recently announced? a new partnership with Emirates Skywards, the award-winning loyalty programme of Emirates and flydubai. This exciting collaboration will enable customers to convert Qashio Points into Skywards Miles.
Batelco, part of the Beyon Group, has announced a strategic collaboration with Tencent Cloud, one of the world’s leading cloud companies, to host Tencent Cloud’s CDN (Content Delivery Network) services within its network. Batelco is First in Bahrain to Host Tencent Cloud's Content Delivery Network.?
du, from Emirates Integrated Telecommunications Company (EITC), signed a Memorandum of Understanding (MoU) with Versa Networks, the global leader in AI/ML-powered Unified Secure Access Service Edge (SASE), to enhance and expand du’s integrated network-security portfolio.
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The Kingdom of Bahrain launched the real estate data bank platform (Aqari Data Bank), which is among the e-services launched by the Kingdom's Real Estate Regulatory Authority (RERA). According to the Bahrain News Agency (BNA), the Aqari Data Bank is an integrated platform that provides real estate dealers with all necessary information about the sector.
World Wide Technology (WWT), one of the world’s largest privately held technology innovation companies, today announces a groundbreaking strategic partnership with Abu Dhabi-based startup, Open Innovation AI. The significant investment is a key component of WWT’s Artificial Intelligence (AI) investment strategy dedicated to fostering innovation.?
King Salman Energy Park (Spark), the leading industrial ecosystem, has announced lease agreements with two new tenants and the start of construction work across key projects at Spark, with a total investment value of SAR250 million ($66.5 million) for key existing tenants.
an urgent proposal to stop local banks from charging higher interest rates and administrative fees on existing loans was approved unanimously by MPs. The proposal, spearheaded by five MPs led by Strategic Thinking Bloc spokesman Khalid Bu Onk, will be now reviewed by the Cabinet.
etisalat by e& and Huawei announced the completion earlier this month of the world's first 1.6Tbps per wavelength technology trial on an optical transport network, marking a major industry milestone in the ultra-high-speed optical industry.
Deloitte, the leading global professional services firm, is partnering with Fintech Saudi to foster the growth of emerging companies in Saudi Arabia’s financial technology sector through the Makken Program Makken, meaning Empower, is a program designed to support entrepreneurs and startups in Saudi Arabia's fintech industry.
The Saudi Central Bank (SAMA) announces the issuance of the “Rules for Regulating Buy Now Pay Later (BNPL) Companies,” as part of its role in supervising and controlling the BNPL companies.
Yango, the company that transforms global technologies into everyday services for local enrichment, has announced that it is now possible to sign up for the public beta testing of its human-like AI assistant Yasmina.
Latest Global News & Updates
Canada's BlackBerry reported a surprise quarterly profit on Wednesday, backed by a resilient demand for cybersecurity services amid rising online threats. While IT spending has dwindled over the past year, cybersecurity-related expenditure has remained stable as businesses and governments scramble to beef up their systems against hackers.?
Revolut, which ranked as the UK's most valuable start-up with around a $33bln valuation in 2021, has applied for a UK banking licence but is still awaiting approval.
China's central bank has agreed that popular payment app Alipay has no controller following a sweeping business overhaul of Jack Ma's Ant Group, the fintech giant that owns the app, according to the website of the People's Bank of China.
Subsequently Nigeria's Securities and Exchange Commission (SEC) in May last year published regulations for digital assets that signalled Africa's most populous country was trying to find a middle ground between an outright ban on crypto assets and their unregulated use.
This innovative service represents a significant leap forward in the realm of telecommunications, providing users with unparalleled flexibility and convenience.
Chinese smartphone maker Xiaomi took the wraps off its first electric vehicle on Thursday and promptly announced it was aiming to become one of the world's top five automakers.
Lebara CEO Stephen Shurrock revealed the company was assessing its strategic options in comments reported by the?Financial Times (FT), with a possible sale or public listing of shares being considered.
The Spanish government, through state holding company SEPI, will acquire up to 10% of Telefonica, following STC's €2.1 billion grab for a 9.9% stake in the operator.
As part of its Digital Europe work programmes for 2024, the European Commission (EC) has assigned €762.7 million in funds for Digital transformation, AI, cybersecurity, and more.
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