UAE

Microsoft Invests $1.5 Billion in UAE AI Firm G42
Microsoft Invests $1.5 Billion in UAE AI Firm G42
April 16, 2024  |  Investments

Microsoft has invested $1.5 billion in Abu Dhabi-based artificial intelligence (AI) firm G42. The investment is the latest in a series of collaborations for the company and...

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Adyen and Cleeng Partner on Subscriber Retention Management in UAE
Adyen and Cleeng Partner on Subscriber Retention Management in UAE
March 26, 2024  |  Partnerships

Adyen and Cleeng have expanded their partnership into the United Arab Emirates (UAE) market. This expansion comes as Cleeng, a Software-as-a-Service (SaaS) platform for subscriber retention management (SRM)...

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How AI Investments Could Change the Middle East
How AI Investments Could Change the Middle East
March 25, 2024  |  artificial intelligence

Saudi Arabia’s reported $40 billion artificial intelligence (AI) investment fund represents a leap to redefine the Middle East’s role in the global technology landscape.  The...

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OpenAI‘s Sam Altman Says UAE Could Test Potential Global Rules for AI
OpenAI‘s Sam Altman Says UAE Could Test Potential Global Rules for AI
February 13, 2024  |  artificial intelligence

The United Arab Emirates (UAE) is reportedly positioning itself as a leader in regulating and testing artificial intelligence (AI) technologies. Sam Altman, CEO of OpenAI, said...

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UAE Escapes ‘FinTech Winter’ as Investments Jump 92%
UAE Escapes ‘FinTech Winter’ as Investments Jump 92%
January 10, 2024  |  Fintech Investments

Last year’s FinTech funding drought didn’t touch the United Arab Emirates (UAE). Investments in that sector fell by half all over the world as investors were scared...

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Maalexi Raises $3 Million to Facilitate Cross-Border Trade for Agribusinesses
Maalexi Raises $3 Million to Facilitate Cross-Border Trade for Agribusinesses
January 08, 2024  |  Investments

Maalexi has raised $3 million in a Pre-Series A funding round to continue building its cross-border trade platform for small agribusinesses. The platform connects buyers...

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JPMorgan Expanding UAE Services to Wholesale Banking Clients
JPMorgan Expanding UAE Services to Wholesale Banking Clients
November 27, 2023  |  Banking

J.P. Morgan says it is expanding its presence in the United Arab Emirates (UAE). The banking giant announced Monday (Nov. 27) that it will begin...

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Binance Founder Seeks to Prove He’s Not a Flight Risk
Binance Founder Seeks to Prove He’s Not a Flight Risk
November 26, 2023  |  Legal

Binance’s founder is fighting the Justice Department’s efforts to keep him in the U.S. Changpeng Zhao pleaded guilty last week to failing to maintain proper anti-money laundering standards...

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Preferred Payment Methods and Rewards Among Most In-Demand Digital Shopping Features in UAE
Preferred Payment Methods and Rewards Among Most In-Demand Digital Shopping Features in UAE
November 23, 2023  |  eCommerce

Shoppers in the United Arab Emirates (UAE) have a strong inclination toward digital features in their shopping journeys. Ninety-four percent of consumers in the Middle...

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