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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.
In June, the inaugural Asia Economic Summit will facilitate crucial dialogues on regional policies and the economic future. Meanwhile, Amazon is considering launching a standalone payments app in India to compete with Google Pay and PhonePe, leveraging its existing user base. In Qatar, Yuno's entry into the fintech market aligns with the country's ambitions to become a global fintech leader, supported by government initiatives and a growing demand for financial services among expatriates.
In June, the inaugural Asia Economic Summit will facilitate crucial discussions on regional policies and the economic and digital future. Meanwhile, Amazon is considering launching a standalone payments app in India to compete with Google Pay and PhonePe, leveraging its existing user base. In Qatar, US payment firm Yuno has established its regional headquarters, aligning with the country's ambitions to become a fintech leader, supported by government initiatives and a growing market for cross-border remittances.
Saudi Arabia's startup ecosystem is thriving, with five startups achieving unicorn status and 35 more on the verge, driven by government initiatives under Vision 2030. Key programs like the Tomooh Program and the Billion-Dollar Companies Incentive Program are facilitating access to funding, mentorship, and international market opportunities, particularly in AI, fintech, and tourism. This growth reflects a commitment to diversifying the economy and enhancing the entrepreneurial landscape.
Saudi Arabia's startup ecosystem is thriving, with five startups achieving unicorn status and 35 more poised to follow, driven by government initiatives under Vision 2030. Key sectors include AI, fintech, and tourism, supported by programs like Tomooh and the Billion-Dollar Companies Incentive Program, which enhance access to funding and market expansion. These efforts aim to diversify the economy and bolster the nation's global competitiveness.
PayTabs Group has acquired a majority stake in PayTabs Egypt, enhancing its position in the fintech sector and supporting Egypt's digital payments transformation. This strategic move aims to boost financial inclusion and streamline operations, aligning with the government's cashless society goals under Vision 2030. Meanwhile, Kuwait's Motery has raised seed funding to expand its online car buying and financing platform, further solidifying its role in the region's automotive market.
PayTabs Group has acquired a majority stake in PayTabs Egypt, enhancing its position in the fintech sector and supporting Egypt's digital payments transformation. This strategic move aims to boost financial inclusion and streamline operations, aligning with the government's cashless society goals under Vision 2030. Meanwhile, Kuwait's Motery has raised seed funding to expand its online car buying and financing platform, further solidifying its role in the region's automotive market.
ORA Technologies is spearheading the creation of an e-Morocco ecosystem, integrating fintech, e-commerce, and on-demand services into a superapp. Their Kooul food delivery service has rapidly expanded across six cities, while ORA Cash offers a mobile payment solution aimed at the unbanked, promoting financial accessibility. With backing from Witamax & Azur Innovation Fund, ORA Technologies is poised to redefine Morocco's digital landscape and drive the country towards a cashless economy.
ORA Technologies is spearheading the creation of an e-Morocco ecosystem, integrating fintech, e-commerce, and on-demand services into a superapp. Their Kooul food delivery service has rapidly expanded across six cities, while ORA Cash offers a mobile payment solution aimed at the unbanked, promoting financial accessibility. With backing from Witamax & Azur Innovation Fund, ORA is poised to redefine Morocco's digital landscape and drive the country towards a cashless economy.
Ajras secures funding to enhance its position in Saudi Arabia's rapidly growing proptech sector, projected to reach $109 billion by 2030. Meanwhile, ORA Technologies raises $1.9 million to expand its digital payment and food delivery services in Morocco, aiming to drive financial inclusion. Talabat acquires InstaShop for $32 million, strengthening its grocery and retail presence across MENA.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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