Online experience-booking platform DayAway has now begun operating in the United Arab Emirates (UAE), a press release said. DayAway connects guests with “unique, engaging and restorative” daytime activities, including wellness, dining and other things. In the UAE, DayAway will offer things including a “Precious Pearl...
Today in Europe, the Middle East and Africa (EMEA) news, G42 has partnered with the Abu Dhabi Growth Fund (ADG) to launch a $10 billion investment vehicle, while VertoFX has acquired the Indian innovation studio Locusnine. AI Firm G42 Launches $10B Technology Fund G42, an...
The Nordic countries are often considered pioneers when it comes to digital innovation and payments. With some of the lowest cash usage in the world and a history of interbank collaboration of money transfers and digital infrastructure, countries like Norway have been trendsetters in everything...
Today in Europe, the Middle East and Africa (EMEA) news, Ted Baker is to be bought by Authentic Brands Group for $253 million, while Remitly has agreed to acquire Israeli remittance solution Rewire for $80 million. Authentic Brands Set to Acquire UK’s Ted Baker at...
In today’s top stories from Europe, the Middle East and Africa (EMEA), the Nigeria announced the implementation of a 5% tax on mobile devices. Nigeria Implements 5% Mobile Services Tax Nigerian Finance Minister Zainab Ahmed announced a 5% tax in a statement outlining the country’s...
India-based digital payments provider Paytm saw its shares drop to their lowest level in two weeks when a proxy advisory firm urged shareholders to oust the company’s CEO. As Bloomberg News reported Friday (Aug. 12), Institutional Investor Advisory Services India Ltd. (IIAS) is recommending that...
Five Turkish banks have adopted Russia’s Mir payments system, a Bloomberg report said Saturday (Aug. 6), quoting Turkish President Recep Tayyip Erdogan after his talk with President Vladimir Putin at the Russian resort of Sochi. The report said Erdogan spoke of “serious developments” on work...
Meta May Have to Pull Platforms in EU Meta Platforms reiterated its warning that it may have to pull its popular Facebook and Instagram services from the European Union if a new transatlantic data transfer pact doesn’t materialize. Meta could face a ban on its...
Wave of eCommerce Flops Behind Record 113,700 UK business closures in Q2 The online retail sector that boomed in the United Kingdom during the pandemic has suffered from a wave of closures since the government eased COVID-19 restrictions, new figures show. The number of retail...
