Middle East

Amazon’s PayFort Looks To Boost Middle East Startups And SMBs
Amazon’s PayFort Looks To Boost Middle East Startups And SMBs
June 04, 2020  |  Amazon

Amazon-owned PayFort aims to support startups and small and medium-sized businesses (SMBs) in the Middle East with its #StartUpStayUp initiative. The FinTech company has invited more...

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Uber Shuts Eats In Middle East As Subsidiary Cut A Third Of Workforce In Dubai
Uber Shuts Eats In Middle East As Subsidiary Cut A Third Of Workforce In Dubai
May 05, 2020  |  Ridesharing

Dubai-based Careem, a subsidiary of Uber which performs similar ride-hailing business, announced it would be laying off 31 percent of its workforce due to the...

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SoftBank Looks To Raise $10B To Bolster Vision Fund
SoftBank Looks To Raise $10B To Bolster Vision Fund
March 19, 2020  |  Investments

SoftBank‘s first Vision Fund is now looking to grow larger, seeking another $10 billion to help portfolio companies affected by the coronavirus pandemic and its...

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Emirates NBD Digitizes Trade Finance With LiquidX
Emirates NBD Digitizes Trade Finance With LiquidX
March 09, 2020  |  B2B Payments

Emirates NBD, a leader in the Middle East, North Africa and Turkey (MENAT) region, has joined the LiquidX network, the latest in an increasing number...

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i2c Names GM In Middle East, Africa Expansion
i2c Names GM In Middle East, Africa Expansion
March 03, 2020  |  Banking

Payment and open banking tech firm i2c plans to expand its presence in the Middle East and Africa, according to a press release. The plans...

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HSBC Reorganization Slashes 35K Positions, $100B Assets
HSBC Reorganization Slashes 35K Positions, $100B Assets
February 18, 2020  |  International

Europe’s biggest bank by assets, HSBC, is slashing 35,000 jobs and $100 billion in assets as it moves to streamline business functions in the U.S.,...

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i2c Helps Bring Apple Pay To Najm Cardholders In Middle East
i2c Helps Bring Apple Pay To Najm Cardholders In Middle East
January 30, 2020  |  Apple Pay

Digital payments provider i2c is partnering with financial solution provider Najm to bring prepaid, reloadable cards to the Middle East. The collaboration will enable customers...

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Spanish Food Delivery Startup Glovo Shutters In Four Markets
Spanish Food Delivery Startup Glovo Shutters In Four Markets
January 22, 2020  |  International

Glovo, a Spanish food delivery startup, has exited several Middle Eastern countries in what it has said is a strategic move to help the company...

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Why P2P Could Soon Play A Leading Role In Middle East FinTech
Why P2P Could Soon Play A Leading Role In Middle East FinTech
December 11, 2019  |  Alternative Finances

When it comes to lending — to say nothing of the wider world of payments — innovation and disruption have been on the rise in...

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