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Paysky, a leading digital fintech solutions provider, has secured $6.75 million to enhance Africa's fintech infrastructure. Recognized among Forbes Middle East’s Top 50 Fintech Companies for the third consecutive year, the company operates in 18 countries and processed over $3.9 billion in transactions in 2024. Its innovative offerings include national payment systems, the Yalla Super App, and various digital payment solutions aimed at driving financial inclusion and digital transformation across the region.
Saudi Nayla Finance has raised $4 million to support micro-enterprises, while Paysky, a digital fintech leader, has been recognized among Forbes Middle East’s Top 50 Fintech Companies for the third consecutive year. Founded in 2017, Paysky operates in 18 countries, offering innovative digital payment solutions, including the Yalla Super App, which has processed over 17 million transactions since its 2022 launch. The company continues to focus on expanding financial inclusion and driving digital transformation across emerging markets.
Saudi Nayla Finance has raised $4 million to support micro-enterprises, while Paysky, a digital fintech leader, has been recognized among Forbes Middle East’s Top 50 Fintech Companies for the third consecutive year. Founded in 2017, Paysky operates in 18 countries, offering innovative digital payment solutions, including the Yalla Super App, which has processed over 17 million transactions since its 2022 launch. The company continues to focus on expanding financial inclusion and driving digital transformation across emerging markets.
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.
UBS has upgraded Barrick Gold's rating from "Neutral" to "Buy," raising the price target to $22, citing the stock's current undervaluation compared to competitors. The analysts predict a significant production increase by 2030 and see potential growth in Barrick's copper business, particularly with the Reko-Diq project. Despite high investments, the long-term outlook remains promising, with expectations of a low EV/EBITDA ratio of five times for 2025.
UBS has upgraded Barrick Gold Corp. from Neutral to Buy, setting a price target of $22, citing a positive outlook on gold and the stock's undervaluation. Despite a recent revenue miss, the company reported strong gold production and has reached a preliminary agreement with the Malian government to resolve a dispute over the Loulo-Gounkoto mine, which could enhance future operations.
UBS has upgraded Barrick Gold to a Buy rating with a price target of USD 22, citing a positive outlook on gold and the stock's undervaluation compared to peers. Despite a recent decline in market value, Barrick Gold's strong financial health and potential resumption of operations in Mali could drive future growth. The company reported fourth-quarter earnings in line with expectations, with gold production exceeding estimates, while also reaching a preliminary agreement with the Malian government to resolve a dispute over the Loulo-Gounkoto mine.
UBS has upgraded Barrick Gold shares to a Buy rating with a price target of $22, citing a positive outlook for gold and the stock's undervaluation compared to peers. Despite a recent decline in share value, Barrick Gold's strong financial health, including a 39-year dividend history and revenue growth of 13.38%, positions it favorably for recovery, especially if operations in Mali resume. Additionally, Barrick reported fourth-quarter earnings in line with expectations, though revenue fell short, while gold production exceeded estimates.
Web Summit Qatar concluded with the QRDI Council announcing the winners of the Rising Innovators Award, celebrating student projects that showcase innovation. The first place was awarded to the Modular Automatic Sorting Hub (M.A.S.H) from Doha University, while the AI-powered Sharia Bot and Electronic Medical Triage System (EMTS) secured second place. Additionally, QRDI signed MoUs with the Ministry of Labor and ITQAN to enhance healthcare innovation and streamline certificate authentication through blockchain technology.
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paysky secures recognition and funding to enhance fintech infrastructure in africa
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UAE startup PlaysOut secures 7 million dollars to expand mini-game ecosystem
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ubs upgrades barrick gold to buy with twenty two dollar target
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