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Bahrain's edtech startup Unipal has secured Pre-Series A funding to expand its youth benefits platform into Saudi Arabia, targeting cities like Jeddah, Madinah, Dammam, and Khobar. The investment, led by Plus VC, underscores strong investor confidence in Unipal's rapid growth and innovative AI-powered app designed to enhance user experience and brand engagement. With a 98% student penetration rate in Bahrain and 250,000 users in Riyadh, Unipal aims to become the leading platform for youth engagement in the region.
The BRICS bloc, comprising Brazil, Russia, India, China, and South Africa, is set to expand in 2025, with over 20 countries expressing interest in joining, driven by a desire for de-dollarization and a shift in global economic dynamics. U.S. President-elect Donald Trump has threatened 100% tariffs on nations supporting a BRICS currency, emphasizing the need to maintain the dominance of the U.S. dollar. The bloc aims to integrate nations that align with its vision, reflecting its growing influence in international affairs.
The global Decentralized Finance Market is projected to grow from US$ 13.5 billion in 2023 to US$ 270.7 billion by 2031, with a CAGR of 45.7%. This sector, which leverages blockchain technology to provide financial services without intermediaries, is gaining traction across regions including North America, Europe, and Asia Pacific. Key players include Avalanche BVI Inc., BitMart, and Coinbase Global Inc., as the industry evolves to enhance market participation and innovation.
The global Keratoconus Treatment market, valued at US$ 0.5 billion in 2022, is projected to grow to US$ 0.6 billion by 2031, with a CAGR of 3.9% from 2024 to 2031. Key players include Sandoz International GmbH, HOYA, and Menicon Co., Ltd., focusing on various treatment options like corrective lenses and corneal surgeries. Recent developments highlight Menicon's launch of the ROSE K hard contact lens in China, tailored for keratoconus patients.
Ripple is strategically expanding in the Middle East and Africa, with a focus on cross-border transactions and partnerships with regional banks. The UAE is emerging as a digital asset hub, embracing stablecoins and enhancing payment systems, while Ripple's solutions are being integrated by African fintechs to streamline remittances. The potential approval of an XRP ETF could further solidify Ripple's market position as it aims to surpass Ethereum in adoption.
The cryptocurrency market is buzzing with excitement as Qubetics ($TICS) surpasses $7.5 million in its presale, attracting over 11,500 holders. Alongside established players like Bitcoin, Ripple, and Ethereum, Qubetics stands out with its innovative QubeQode IDE, designed to simplify blockchain development for users of all skill levels.As Bitcoin maintains its dominance at around $95,000, Ripple continues to facilitate rapid cross-border payments despite ongoing legal challenges. Other notable coins include Solana, Cardano, and Polkadot, each offering unique advantages in the evolving digital landscape.
CRISPR Therapeutics has faced a challenging market, with shares down 23% year-to-date despite recent regulatory approvals for its gene-editing medicine, Casgevy, which treats sickle cell disease and beta-thalassemia. The Biden administration's new Medicaid initiative aims to improve access to Casgevy, potentially expanding its market significantly. With a projected peak annual sales exceeding $2.2 billion, the company is well-positioned for future growth, although it currently reports minimal revenue.
CRISPR Therapeutics has faced a 23% decline in stock value this year despite recent regulatory approvals for its gene-editing medicine, Casgevy, which treats sickle cell disease and beta-thalassemia. The high cost of $2.2 million per treatment poses accessibility challenges, but a new U.S. government plan aims to help Medicaid patients afford it, potentially expanding access for many. However, the company reported only $1.6 million in revenue in the first nine months, indicating slow uptake of Casgevy.
UBS aims to double its growth in the Middle East, focusing on economic fundamentals rather than optimistic scenarios, according to CEO Sergio Ermotti. The bank is integrating its operations post-Credit Suisse merger and anticipates significant growth driven by wealth creation and an influx of affluent individuals to the region. With a strong presence in Dubai and Abu Dhabi, UBS is poised to leverage opportunities in the evolving financial landscape of the Gulf.
UBS's CEO, Sergio Ermotti, emphasizes the bank's commitment to growth in the Middle East, driven by strong economic fundamentals rather than optimistic projections. Following its merger with Credit Suisse, UBS aims to double its growth trajectory in the region, capitalizing on the influx of wealthy individuals and ongoing economic diversification efforts in Gulf countries. The bank is focused on optimizing its operations and expanding its wealth management services, particularly in Saudi Arabia and the UAE, while integrating Credit Suisse's client base.
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Bahrain's Unipal secures funding to expand youth platform in Saudi Arabia
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