Tag: News

Leading Pakistan fintech raises $7.3 million to drive GCC expansion

PostEx, one of Pakistan’s leading fintechs, announces a $7.3 million pre-Series A funding round. The round was led by Conjunction Capital – the technology...

Indian central bank urges lenders to settle UAE trade in local currencies

The Reserve Bank of India (RBI) is actively encouraging local banks to facilitate trade settlements between the UAE and India using either the dirham...

DWTCA Free Zone records strong H1 growth

Dubai World Trade Centre Authority (DWTCA) Free Zone today published results from the first half of the year, revealing a sharp uptick in the...

Mastercard cutting global headcount by 3%

Payments processor Mastercard is reducing its global headcount by 3% as part of a reorganization it unveiled earlier this year to sharpen its focus...

Trump’s Election Odds Are Not The Dominant Driver of Bitcoin’s Price, Data Show

Many crosscurrents influencing prices, such as U.S. monetary policy expectations and supply overhangs, might be responsible for the weak correlation between election odds and...

ICIEC, Saudi EXIM Bank Partner to Boost Trade in OIC Countries

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) is expanding its cooperation with the Saudi EXIM Bank to boost trade...

ITFC Signs $100 Million Financing Agreement to Support Businesses in Türkiye

The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group, on Tuesday signed a $100 million financing agreement with...

Dubai: Indian businesses top list of new companies in first half of 2024

Indian investors topped the list of new non-Emirati companies joining the Dubai Chamber of Commerce during the first half of this year, a recent...

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Can Soket AI Power India’s Foundational LLM Dream?

SUMMARY Founded in 2019, Soket AI spent its early years...

Closing Bell: Saudi main index retreats to 10,731.59

Parallel market Nomu lost 393.70 points to settle at...

50 Billion In Economic Power: Arab Women Are Rewriting the Startup Rules in the Gulf

Across the Gulf, a powerful wave of women entrepreneurs...

How Finhaat Is Bringing Insurance And Wealth Creation To India’s Rural & Semi-Urban Markets

SUMMARY Despite being one of the most promising markets, India’s...

UAE shares end higher as outcome of US-China trade talks awaited

LONDON: Stock markets in the UAE ended higher on Monday,...