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8i Ventures Exits M2P Fintech Investment with 12x Returns-thumnail

8i Ventures Exits M2P Fintech Investment with 12x Returns

Venture capital firm 8i Ventures has hogged the limelight in the investment world with an eventful exit from M2P Fintech, where it managed to garner a staggering 12x returns after

Business

Oct 18, 2024

Dubai Islamic Bank Launches ACCESS Auto Finance for People of Determination-thumnail

Dubai Islamic Bank Launches ACCESS Auto Finance for People of Determination

Pioneering inclusivity with tailored financing solutions and vehicle adaptations. ACCESS Auto Finance is a customised financial package launched by the largest Islamic bank in the UAE, Dubai Islamic Bank (DIB),

News

Oct 18, 2024

Eruditus raises $150 mln in the Series F funding round led by TPG’s The Rise Fund-thumnail

Eruditus raises $150 mln in the Series F funding round led by TPG’s The Rise Fund

Edtech unicorn Eruditus has closed a Series F funding round, securing $150 million in investments. TPG’s The Rise Fund is leading the investment drive. Existing investors Softbank Vision Fund 2,

Investment & Funding

Oct 18, 2024

Febi.ai Raises $2 Million in Pre-Series A Funding Round-thumnail

Febi.ai Raises $2 Million in Pre-Series A Funding Round

Febi.ai, an accounting and tax management platform, has just closed its $2 million pre-series A funding round with the investment that came from luminaries such as investment house Lumis Partners,

Investment & Funding

Oct 17, 2024

Korea IT Cooperation Centre UAE Launched at Dubai Internet City-thumnail

Korea IT Cooperation Centre UAE Launched at Dubai Internet City

PC: PR Newswire KICC UAE marks South Korea’s first Middle East hub, bolsters tech cooperation at GITEX Global 2024. The National IT Industry Promotion Agency, an agency of the South

News

Oct 17, 2024

WROGN Raises $9 Mn Funding-thumnail

WROGN Raises $9 Mn Funding

PC: Retails Updates Aditya Birla Digital Fashion Ventures Ltd (ABDFVL) raised its stake in direct-to-consumer fashion brand WROGN by 15.74% by way of a fresh investment of around Rs 75

News

Oct 17, 2024

UAE’s e& Inks $1 Billion Cloud Partnership with AWS-thumnail

UAE’s e& Inks $1 Billion Cloud Partnership with AWS

PC: MENAbytes A six-year agreement to drive digital transformation in healthcare, finance, oil, gas, and more. UAE-based telecom giant e& has signed a $1 billion partnership with Amazon Web Services

News

Oct 17, 2024

Emirates NBD Q3 Net Profit Flat Amid Higher Impairment Charges and Investments-thumnail

Emirates NBD Q3 Net Profit Flat Amid Higher Impairment Charges and Investments

PC: Gulf Business  The Dubai-based bank reports unchanged net profit that misses analyst expectations, despite growth both in the asset base and in net interest income. Dubai’s largest bank by

News

Oct 17, 2024

Slice Raises Rs 71.7 Cr Funding -thumnail

Slice Raises Rs 71.7 Cr Funding 

PC: Inc42 Lending and payments startup Slice has significantly strengthened its financial muscles by bringing in a hefty amount of Rs 71.7 crore ($ 8.6 million) from founder and CEO,

News

Oct 17, 2024

Interactive Brokers Expands into the Middle East with New Office in DIFC, Dubai-thumnail

Interactive Brokers Expands into the Middle East with New Office in DIFC, Dubai

PC: Business Wire Aimed at Strengthening Regional Presence and Serving a Diverse Client Base. Interactive Brokers, the leading electronic trading firm, today announced it’s entry to the Middle East by

News

Oct 16, 2024

BharatPe Rides High on Stomping Growth and Strategic Diversification-thumnail

BharatPe Rides High on Stomping Growth and Strategic Diversification

PC: CNBC TV18 In the shifting paradigm of fintech, BharatPe has made a place for itself, marking phenomenal growth coupled with strategic steps towards an embedded strong presence. Its FY24

News

Oct 16, 2024

Decline in Affordable Housing Sales in Dubai Amid Developers’ Shift to Higher-End Properties-thumnail

Decline in Affordable Housing Sales in Dubai Amid Developers’ Shift to Higher-End Properties

PC: Arabian Gulf Business Insight The affordable housing deals in Dubai have been dwindling gradually over the past six years. Many developers have focused on the higher end as it

News

Oct 16, 2024


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