Dubai

Travel Tech Company Swvl Plans to Cut 32% of Staff

Travel Tech Company Swvl Plans to Cut 32% of Staff
Travel Tech Company Swvl Plans to Cut 32% of Staff
May 31, 2022  |  Transportation

Dubai-based mass transit solutions platform Swvl said it will cut its workforce by 32% in an effort to get on the path to profitability. Get...

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Dubai-Based FinTech Pemo Snags $12M in Seed Funding
Dubai-Based FinTech Pemo Snags $12M in Seed Funding
May 18, 2022  |  Investments

Dubai-based FinTech Pemo has raised $12 million in a seed funding round that it will use for continued product development and expansion across the Middle...

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Today in FinTech: Dubai Launches Fund to Help Startups; Goldman Sachs Issues Bitcoin-Backed Loan
Today in FinTech: Dubai Launches Fund to Help Startups; Goldman Sachs Issues Bitcoin-Backed Loan
April 29, 2022  |  Technology

In today’s FinTech news, Dubai is upping its game on becoming a serious digital player by ponying up $100.7 million in venture capital funding to...

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Dubai Unveils $100M Venture Capital Fund for Startups
Dubai Unveils $100M Venture Capital Fund for Startups
April 29, 2022  |  Investments

Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, has approved a $100.7 million venture capital finance fund that’s aimed at helping startups across the region...

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Dubai Introduces Virtual Asset Regs, Establishes Regulator
Dubai Introduces Virtual Asset Regs, Establishes Regulator
March 11, 2022  |  Cryptocurrency

Dubai ruler Sheikh Mohammed Bin Rashid said the country has adopted its first law governing digital assets and established an agency to regulate the sector,...

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Commercial Bank of Dubai to Debut NFT Art Show 
Commercial Bank of Dubai to Debut NFT Art Show 
December 27, 2021  |  NFTs

The Commercial Bank of Dubai (CBD) is hosting a nonfungible token (NFT) art exhibition at its digital lab in Dubai International Financial Centre in partnership...

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Mastercard, Dubai Asset Management Team on Expanding Use of Payments App in UAE
Mastercard, Dubai Asset Management Team on Expanding Use of Payments App in UAE
September 13, 2021  |  Cross-border Payments

Mastercard is keeping an arrangement going with Dubai Asset Management in order to promote more robust digital payments in the UAE, a press release says....

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Dubai’s SFM Corporate Services Accepts Crypto Payments
Dubai’s SFM Corporate Services Accepts Crypto Payments
September 02, 2021  |  B2B Payments

Dubai-based SFM corporate services, which has helped investors and entrepreneurs incorporate businesses in nearly 25 countries, has seen a 10% increase in business since it...

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