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UAE-based PlaysOut has secured $7 million in a seed funding round led by KBW Ventures to expand its mini-game ecosystem, valuing the company at $70 million. The funding will enhance its blockchain-powered mini-game engine, targeting growth in the US, MENA, and Asia.Meanwhile, ORO Labs raised $1.5 million to transform gold into a yield-generating asset through blockchain technology, allowing users to earn yield and trade gold-backed assets. The startup aims to bridge traditional gold markets with Web3 finance, leveraging the UAE's robust gold trade environment.
UAE-based PlaysOut has secured $7 million in a seed funding round led by KBW Ventures to expand its mini-game ecosystem, valuing the company at $70 million. The funding will enhance its blockchain-powered mini-game engine, targeting growth in the US, MENA, and Asia.Meanwhile, ORO Labs raised $1.5 million to transform gold into a yield-generating asset through blockchain technology, allowing users to earn yield and trade gold-backed assets. The startup aims to bridge traditional gold markets with Web3 finance, leveraging the UAE's robust gold trade environment.
Citigroup's CEO Jane Fraser announced plans to allocate more global roles to India, citing the country's strong talent pool and economic growth potential. She emphasized India's competitive advantage, driven by a skilled workforce and government investments in digitization and infrastructure, positioning it as a key player in the global economy. Fraser also reassured that the rise of artificial intelligence will create new job opportunities rather than threaten existing global capability centers in India.
GCC banks are poised for strong performance in 2025, driven by robust capital strength, economic diversification, and significant project pipelines. With GDP growth projected at 3.5% and improved credit conditions following US monetary easing, the sector is set to benefit from rising credit growth and stable margins. Key markets like Saudi Arabia and the UAE are experiencing strong loan growth and deposit inflows, while Qatar's banks remain well-capitalized to support expansion.
Forbes Middle East has released its Top 40 Asset Managers list for 2025, highlighting leaders in the investment sector who collectively managed over US$439 billion in assets in 2024. Rashed Sharif of SNB Capital retains the top position with US$63.73 billion in AUM, followed by Mohammed Alardhi of Investcorp and Waleed AlRashed AlHumaid of Al Rajhi Capital. The ranking emphasizes the dominance of Saudi Arabia, which hosts 19 of the top firms, while Kuwait and the UAE each contribute six.
Forbes Middle East has unveiled its Top 40 Asset Managers for 2025, highlighting leaders who collectively managed over $439 billion in assets in 2024. Rashed Sharif of SNB Capital retains the top spot with $63.73 billion in AUM, followed by Mohammed Alardhi of Investcorp at $53 billion. Saudi Arabia dominates the list with 19 representatives, showcasing the region's growing influence in real estate, sukuk, and private equity.
Foras, an Abu Dhabi-based investment firm, has acquired a 36% stake in Beban Crowdfunding to enhance startup funding access in the MENA region, focusing on Sharia-compliant Murabaha debt and equity crowdfunding. This partnership aims to bridge funding gaps for SMEs and expand Beban's offerings, leveraging innovative solutions and media channels to support entrepreneurs and engage investors.
Foras, an Abu Dhabi-based investment firm, has acquired a 36% stake in Beban Crowdfunding to enhance startup funding access in the MENA region, focusing on Sharia-compliant Murabaha debt and equity crowdfunding. This partnership aims to bridge funding gaps for SMEs and expand Beban's offerings, leveraging innovative solutions and media channels to support entrepreneurs and engage investors.
On March 16th, 17-year-old Mirra Andreeva faces world No. 1 Aryna Sabalenka in the BNP Paribas Open finals at Indian Wells, a prestigious tournament often dubbed the unofficial fifth slam. Despite Andreeva's impressive recent performances, Sabalenka's power and experience give her the edge, having dominated their previous matchups. The match promises high stakes, with both players eager to claim the title.
Longevity Wellness Hub is set to launch five new wellness centers in Dubai, Abu Dhabi, and Riyadh, featuring advanced technologies like quantum body scanning and hyperbaric oxygen therapy. This expansion aligns with the booming global wellness industry, projected to reach $7 trillion by 2025, and integrates traditional healing with modern biohacking. The company aims to empower individuals to age well and live better through a holistic approach to health and recovery.
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UAE startup PlaysOut secures 7 million dollars to expand mini-game ecosystem
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15:28 23.03.2025
UAE startup PlaysOut secures 7 million dollars to expand mini-game ecosystem
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GCC banks poised for growth in 2025 amid economic reforms and projects
11:04 18.03.2025
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10:12 18.03.2025
middle eastern asset managers shape financial landscape with significant growth and innovation
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Foras acquires stake in Beban to enhance startup funding in MENA
09:44 16.03.2025
Foras acquires stake in Beban to enhance startup funding in MENA
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sabalenka faces andreeva in high stakes indian wells final showdown
03:18 16.03.2025
empowering women entrepreneurs through ai tools and innovative business solutions
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18:40 13.03.2025
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