Microsoft Invests $1.5 Billion in AI Company G42
Microsoft has invested $1.5 billion in G42, which is based in Abu Dhabi and operates in the artificial intelligence industry.
UAE
Insurtech Startups that Boost Insurance Accessibility in UAE
Insurance is an important aspect of one’s financial and social well-being. Modern technology facilitates and improves universal access to different insurance types and helps both sides settle claims seamlessly. In the UAE, health insurance is mandatory, so insurtech services target literally every Emirati citizen.
How Alternative Lenders Facilitate Credit Access in UAE
Traditional banks and financial institutions in the UAE typically have rigid lending criteria and abundant bureaucracy, which makes access to credit challenging for certain individuals and small businesses.
Alibaba Seeks Middle East Partners
Chinese e-commerce giant Alibaba Group Holding Ltd. is currently seeking to establish partnerships with companies from the United Arab Emirates and Saudi Arabia.
Mashreq Introduces NEO Credit for Salaried Customers
Middle East banking pioneer Mashreq has launched the NEO Credit solution to offer small-sized loans for salaried individuals.
UAE Commits $30 Billion to Climate Finance
The UAE has announced investments of $30 billion to launch a financing mechanism aimed at forming a kind of base for creating a more transparent system for financing projects to combat climate change.
JPMorgan Expands UAE Services
JPMorgan announced the expansion of its operations in the United Arab Emirates (UAE).
Aani Instant Payments Platform Launches in UAE
Aani, an instant payments platform, aims to transform the landscape of digital payments in the UAE, ushering in a new era of seamless, secure, and instant digital payments.
Visa Partners With ABHI and YellowPepper
Visa announced the establishment of partnerships with ABHI and YellowPepper in order to scale the implementation of payments from account to account (A2A).
Crypto Grows in Africa and MENA as Shield Against Inflation
Bitcoin remains the most dominant cryptocurrency in Sub-Saharan Africa, while rising inflation makes Turkey the fourth country worldwide in raw crypto transaction volume rating.
Visa and Neopay Cooperate in UAE Payments Market
Visa and Neopay, a subsidiary of Mashreq specializing in the provision of payment financial services, announced the beginning of cooperation with the aim of introducing an installment payment system in the United Arab Emirates.
NBD Invests in Fintech Erguvan
Emirates NBD has sent investment funds to equity Erguvan, a company that works in the area of financial technology.
Brokerage Essentials: What to Look for in a Reliable Trading Partner
Choosing a reliable trading partner is essential for any investor, as it can make or break your success in achieving financial gains. With the wide range of options available regarding brokerage services, it can take time to differentiate which ones offer the best services and provide you with the most advantageous opportunities. In this article, […]
UAE Launches Bilingual AI Model
Inception, a subsidiary of Abu Dhabi-based G42 firm specializing in machine intelligence, the California-based Cerebras research company, and the Mohammed bin Zayed University of Artificial Intelligence (MBZUAI) have developed a large language model called Jais.
UAE Partners With Mastercard to Accelerate AI Adoption
Mastercard has established a global centre for advanced AI and cyber technology in Dubai, UAE to realize the aspirations outlined in the UAE Strategy for Artificial Intelligence 2031.
Emirates Development Bank Collaborates With Trade Capital Partners to Offer Supply Chain Finance
The Emirates Development Bank (EDB) has entered into a partnership agreement with Trade Capital Partners (TCP), which aims to create a solution for supply chain financing and working capital for small and medium-sized businesses in the United Arab Emirates (UAE).
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