Gulf Cooperation Council news and trends

AI Startups Find Financing Pipeline in Middle Eastern Sovereign Wealth Funds 
artificial intelligence // September 22, 2024

Sovereign wealth funds have reportedly become major players in the artificial intelligence (AI) funding race. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Paymob Raises $22 Million to Expand in Egypt and GCC Countries
Investments // September 11, 2024

Financial services enabler Paymob raised another $22 million to expand its offering in its core market of Egypt and its newer markets in Gulf Cooperation Council (GCC) countries. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Pluto Partners With Mastercard on Payment Options in GCC Region 
B2B Payments // November 30, 2023

Pluto, a provider of financial corporate spend management solutions in the United Arab Emirates (UAE), has partnered with Mastercard to provide B2B payment solutions in the Gulf Cooperation Council (GCC) region.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Lulu Group Raising $2.72 Billion to Reposition Business for IPO
Investments // August 10, 2023

Abu Dhabi-based LuLu Group International, which owns one of the largest hypermarket chains in the Middle East, is reportedly raising 10 billion dirhams (about $2.72 billion) to refinance debt ahead of a potential initial public offering (IPO). Get the Full Story Complete the form to unlock...

Quick Reads
Crypto.com Teams With Mastercard for Gulf States Card Program 

December 04, 2024
Crypto.com says it has obtained a license letting it issue cards on Mastercard’s network. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS […]

AI Startups Find Financing Pipeline in Middle Eastern Sovereign Wealth Funds 

September 22, 2024
Sovereign wealth funds have reportedly become major players in the artificial intelligence (AI) funding race. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Paymob Raises $22 Million to Expand in Egypt and GCC Countries

September 11, 2024
Financial services enabler Paymob raised another $22 million to expand its offering in its core market of Egypt and its newer markets in Gulf Cooperation Council (GCC) countries. Get the...

Pluto Partners With Mastercard on Payment Options in GCC Region 

November 30, 2023
Pluto, a provider of financial corporate spend management solutions in the United Arab Emirates (UAE), has partnered with Mastercard to provide B2B payment solutions in the Gulf Cooperation Council (GCC) region.  Get...