All across the Middle East and North Africa regions, there are small and medium sized enterprises which play a substantial role in economic growth. These types of businesses employee up to half of the workforce in the area, and are responsible for 70% of the total GDP.
Unfortunately, these businesses...
The popular fastest-growing science venture from Egypt, Nawah Scientific has announced its official launch in Jordan. Although this isn’t the first time Nawah is doing business in Jordan since their collaboration with Jordanian universities and scientists has been already established back in 2018 via Nawah’s hub in Cairo.
“With a...
Universities are vital institution of human development, with the MENA region investing heavily predominantly in technology, production and innovation. It’s interesting to view top institutes vital for the regions future development and self reliance. We have ranked the top 30 MENA universities in IT and engineering which are local...
It was very recently announced that the Central Bank of the UAE (CBUAE) has been working with SWIFT which is a worldwide supplier of secure transaction messaging systems. Their goal is to make additional upgrades to the speed and enhance the methods of cross-border transactions and that’s not all....
Introduction
The concept of blockchains was combined with other technologies to create modern cryptocurrency by Satoshi Nakamoto in 2008. This technology gained widespread awareness and acceptance with the launch of Bitcoin in the year 2009. Blockchains are the foundation of cryptocurrencies and a simplified payment verification process. It’s expected blockchain technology will mature...
The DIFC aka the Dubai International Financial Center has welcomed Napier to lead UK fintech to its innovation hub. It was founded back in 2015 and since then, it has been developing a smart compliance platform for AML along with trade compliance using AI. Their aim is to fight...
District 2020:
The human-centric smart city that will emerge from Expo 2020 Dubai, has revealed a range of main collaborations that will help curate its industrial transformation and startup culture, coinciding with UAE Innovates 2021, the annual UAE Innovation week.
District 2020 is commemorating its contribution to promoting innovation in the...
Federal Bank has gone into an essential tie-up with Mashreq Bank to work with cash moves from the UAE to India by supporting the latter’s faster payment product QuickRemit. It was launched back in 2017 and has been fully functional ever since. Because of the association, Mashreq clients can...
FOODICS, a Saudia Arabia-based all-in-one restaurant management platform raised about a $20M Series B funding round at the start of the year. The funding round was led by Sanabil Investments and was also co-led by STV earlier this year. Other investors included Derayah, Endeavor Catalyst, and Elm in the...
Google Glass was once the future of wearable technology. It was introduced in 2013 and generated a lot of buzzes, with people envisioning a world where we could access information hands-free, simply by wearing a pair of glasses. But fast forward a few years, and the hype around Google...
