Middle East

UAE Targets ‘Hyperscale’ Cloud Computing to Boost Digital Economy
UAE Targets ‘Hyperscale’ Cloud Computing to Boost Digital Economy
January 08, 2023  |  Connected Economy

A new cloud business group in Dubai points to the growth of high-tech industries. With a plan to launch 100 new business groups by March...

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How Did Saudi Arabia and Kenya Dodge VC Funding Slowdown?
How Did Saudi Arabia and Kenya Dodge VC Funding Slowdown?
December 23, 2022  |  Investments

After reaching new heights in 2021, VC funding in EMEA slowed sharply in 2022. While final full-year tallies are not settled yet, data from the...

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Middle East Becomes IPO Oasis Amid Cooling Financial Markets
Middle East Becomes IPO Oasis Amid Cooling Financial Markets
December 14, 2022  |  IPO

The Middle East has become a bright spot among financial markets as IPO activity declines. Initial public offerings (IPOs) in that part of the world...

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Strengthening Relations Help Bolster Israel-UAE FinTech Collaboration
Strengthening Relations Help Bolster Israel-UAE FinTech Collaboration
November 24, 2022  |  Fintech Investments

It’s been two years since a U.S.-brokered deal that normalized diplomatic relations between Israel and the United Arab Emirates (UAE) in 2020, leading to the...

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Neobank Licensing Sets Stage for Saudi FinTech Acceleration
Neobank Licensing Sets Stage for Saudi FinTech Acceleration
November 15, 2022  |  Digital-First Banking

In the evolution of FinTech in any given market, there are certain phases and milestones that can be observed. For example, the development of payment...

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FIs, FinTechs Leverage Blockchain To Power X-Border Payments In EU, Middle East
FIs, FinTechs Leverage Blockchain To Power X-Border Payments In EU, Middle East
October 19, 2022  |  Blockchain

In discussions of blockchain technology and its effect on payments, the idea that cryptocurrencies like Bitcoin will replace fiat money abounds. While arguments for and...

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Big Tech Eyes Untapped Cloud Opportunities in MEA Markets
Big Tech Eyes Untapped Cloud Opportunities in MEA Markets
October 17, 2022  |  Big Tech

In recent years, cloud data centers and the scalable server power they provide businesses have emerged as one of the most critical infrastructural components of...

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Banking License Puts Profitability Within Reach for UAE Neobanks
Banking License Puts Profitability Within Reach for UAE Neobanks
October 03, 2022  |  Digital-First Banking

If the Middle East was late to the neobank party, the United Arab Emirates, at least, is making strides toward the future of digital banking....

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The Saudi Sandbox Revolution: How Experimentation Is Driving Innovation in the KSA
The Saudi Sandbox Revolution: How Experimentation Is Driving Innovation in the KSA
August 02, 2022  |  Technology

PYMNTS recently reported on the state of the FinTech ecosystem in the Kingdom of Saudi Arabia (KSA) as part of a series on the Gulf...

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