Author: Mahdeehassan

  Licensed to conduct the Stored Value Facilities (SVF) and Retail Payment Services and Card Schemes (RPSCS) by The Central Bank of the UAE, Whizmo is designed to make a significant impact on the financial landscape of the nation. UAE, November, 2024: Whizpay Technology LLC, a leading mobile financial solution company headquartered in Abu Dhabi, has introduced its all-in-one financial app ‘Whizmo’ for citizens, residents and businesses of the UAE, building upon the country’s broader vision of democratizing financial services and fostering economic growth. The company has been granted the Stored Value Facility (SVF) and Retail Payment Services and Card Schemes (RPSCS) licenses…

In cooperation with Invest Africa, the Ministry of Economy organized a new edition of The Africa Debate – UAE in Dubai. Bringing together more than 400 businessmen and representatives of local, regional and global investment, finance and trade agencies and institutions, the event explored the emerging economic, trade and investment opportunities in Africa, contributing to enhancing cooperation between Asian and African markets through the UAE in sectors of common interest. The UAE hosted the latest edition of The Africa Debate after the event held its last 10 successful editions in London. The hosting of The Africa Debate aligns with the…

Fujairah, UAE – Fuelre4m, a leading innovator in sustainable fuel optimisation and digitalisation, shared its forward-looking vision at the Fujairah Mining Forum, where the discussions centred on the mining sector’s critical role in the future of renewable energy, the imperative for ethical mining practices, and the transformative, yet evolving, role of AI. With the global demand for sustainable energy materials rising, Fuelre4m is poised to lead the charge in responsible, efficient, and technologically enhanced fuel management solutions. As the world accelerates toward renewable energy, the often-criticised mining sector holds a pivotal role in supplying essential materials for this transformation. Rob…

Synology’s Solution Day 2024 brought together more than 100 IT leaders and professionals in Dubai this week, showcasing a new generation of enterprise-focused products designed to strengthen data management, security, and productivity across the Middle East. The exclusive event highlighted Synology’s expanding footprint in the region, presenting tools and solutions tailored for industries in need of advanced, scalable digital infrastructure. In a series of product reveals and trend discussions, Synology introduced data management solutions, enhanced security appliances, and flexible AI-driven surveillance systems—all with an emphasis on tackling challenges unique to Middle Eastern markets. The company’s offerings aim to support the…

Dubai, United Arab Emirates –  – eZhire, the world’s first fully on-demand car rental platform, is celebrating a remarkable milestone, reporting an outstanding 102% Compound Annual Growth Rate (CAGR) since its inception in 2016. This tremendous growth underscores the increasing demand for eZhire’s innovative, customer-centric approach to car rentals across the Middle East. Founded to disrupt the conventional car rental process, eZhire has transformed the traditional car rental industry by eliminating the need for security deposits, paperwork, and physical storefronts. The company’s fully digital, app-based service offers a seamless rental experience, allowing customers to order vehicles 24/7, with delivery directly to their doorstep.…

Al Khobar, KINGDOM OF SAUDI ARABIA– GE Vernova Inc. (NYSE: GEV) and Saudi Arabia’s Ash Sharqiyah Operations & Maintenance Company (ASHOMCo) announced today the completion of three Front-End Engineering Design (FEED) studies analyzing the possibility to lower the net carbon emissions of three cogeneration plants located in the Kingdom of Saudi Arabia. GE Vernova completed the assessment of pre-combustion and post-combustion technologies at the three plants powered by GE Vernova’s 7E and 7F gas turbines and delivering up to 920 Megawatt (MW) of combined power and 1400 tons/hr of steam, a capacity equivalent to the average power needed by 920.000 Saudi homes “Our participation in…

The retail industry is on the cusp of a new era, and the Retail Congress MENA 2024 is set to be the catalyst for its transformation. This landmark event, taking place on November 4-5 at the Mandarin Oriental, Al Faisaliah in Riyadh, is a celebration of the 30th anniversary of the Middle East Council of Shopping Centres & Retailers (MECS+R). With the theme “GENESIS – IGNITE: The Genesis of Vision 2030, Reigniting Retail,” the Congress aims to bring together the brightest minds in the retail industry to explore the latest trends, innovations, and opportunities. In a world where consumer expectations are constantly evolving, retailers…

Adaverse, the leading Web3 and blockchain fund in Saudi Arabia, announces a strategic investment in TGE (Tharawat Green Exchange), an innovative startup leveraging Web3 technology to support environmental sustainability initiatives in line with Saudi Vision 2030. Addressing Climate Change Through Technology TGE is a pioneer in carbon offsetting in Saudi Arabia, connecting carbon offsetters with local nurseries and land projects via a blockchain-enabled platform. This innovative model supports Saudi Arabia’s goal of planting 10 billion trees by 2040 while also promoting economic growth and environmental health. Unlike global providers that invest in projects abroad, TGE is fully localised, focusing solely…

Saudi proptech ARKTECH has successfully closed its pre-seed investment round of $1 million led by Core Vision Investment. This investment will further strengthen ARKTECH’s position as the leading utility contract trading platform and expand its services to offer innovative technology-enabled investment options. On this occasion, Mr. Waheed Al Jassas, founder and CEO of ARK, expressed that this investment, especially in the field of utility contracts, will enhance the concept of saving, investing and hedging against inflation. It also provides innovative and reliable solutions in property technology (proptech), ensuring the achievement of lucrative returns in a safe and reliable environment for…

Leading shareholders in Gulf Islamic Investments (GII), plus new investors, have added an additional $100 million growth capital to the group’s balance sheet to develop private equity opportunities across the Kingdom of Saudi Arabia and the GCC, ahead of the forthcoming Financial Investment Initiative (FII8) in Riyadh on 29-31 October 2024. The new raising, which was oversubscribed, brings additional growth capital for promising private equity (PE) and private credit projects across the GCC. Contributors to the fundraising included one of the largest Saudi institutions, the Al Nahdi family office, Shurooq (the Sharjah Investment and Development Authority), and existing GII stakeholders. …