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Yuno, a global payment orchestration platform, has established its regional headquarters in Qatar, partnering with Invest Qatar to support its expansion in the Middle East. This move aligns with Qatar’s economic diversification strategy and aims to enhance local talent through knowledge exchange. Yuno's platform offers over 1,000 payment methods and integrates advanced security features, positioning it strategically in the growing digital payments sector.
The Qatar Financial Centre (QFC) launched the QFC Metaverse at Web Summit Qatar 2025, a structured digital platform aimed at enhancing business engagement and collaboration in the financial sector. This initiative aligns with Qatar National Vision 2030, integrating Web3 technologies to support fintech growth, education, and international partnerships. Key features include virtual exhibition halls, event auditoriums, and customizable avatars, all designed to foster innovation and networking in a controlled environment.
Barclays Private Bank's UAE CEO, Rasha Badawi, emphasizes 2025 as a pivotal year, marking significant anniversaries in the region. The bank has experienced substantial growth in assets under management and team expansion, driven by wealth migration and complex client demands. With a renewed focus on alternative investments and a strategic presence in Asia, Barclays aims to navigate increasing competition in Dubai's private banking sector.
Media City Qatar and Huawei have forged a strategic partnership to enhance digital transformation in Qatar's media sector, signing a Memorandum of Understanding at Web Summit Qatar 2025. This collaboration will establish a smart media campus featuring advanced AI, cloud technologies, and integrated systems, aiming to elevate customer experiences and support Qatar National Vision 2030.CEO Engineer Jassim Mohamed al-Khori emphasized the partnership's role in redefining the media landscape, while Huawei's Rico Lin highlighted its potential to transform media creation and delivery. The initiative positions Qatar as a global media innovation leader, attracting international enterprises and fostering a vibrant media ecosystem.
Silkhaus, a Dubai-based short-term rental startup, has secured growth funding to expand into Saudi Arabia, enhancing its booking platform. With strong investor backing, the company aims to dominate the Middle East's rental market, targeting luxury and mid-market travelers in key locations like Riyadh.
Media City Qatar has partnered with Huawei to enhance digital transformation in Qatar's media sector, announced at Web Summit Qatar 2025. This collaboration will establish a smart media campus featuring advanced AI, cloud technologies, and intelligent systems, aiming to elevate customer experiences and position Qatar as a global media hub.Eng. Jassim Mohamed Al Khori, CEO of Media City Qatar, emphasized the partnership's role in boosting operational efficiency and fostering creative growth, while Huawei's Rico Lin highlighted the transformative impact on media creation and delivery.
JPMorgan Chase & Co. has upgraded Kuwait to developed market status, set to take effect on March 31, 2025, as it exits the Emerging Markets Bond Index. This change aligns with the country's new debt law, allowing for $65 billion in bond issuance over 50 years. Kuwait anticipates a budget deficit of $20.4 billion for the fiscal year 2025-2026, influenced by lower oil revenues, while the reclassification is expected to impact global financial trends and foreign investment opportunities.
Elon Musk's xAI is set to launch its Grok 3 chatbot, touted as the "smartest AI on Earth," on Monday at 8:00 pm Pacific time. Trained on synthetic data, Grok 3 can analyze its errors for logical consistency, aiming to compete in a crowded AI market dominated by products like OpenAI's ChatGPT. Despite concerns about AI risks, Musk is aggressively pursuing investment in the sector, with xAI recently raising $6 billion, positioning it as one of the world's most valuable startups.
ULA, an Edtech startup, has raised $28 million in Series B funding to enhance AI-powered digital education in the MENA region, focusing on Saudi Arabia. The investment will support the development of a next-generation learning platform featuring personalized education, AR/VR integration, and advanced data analytics, aiming to bridge educational gaps across the Arab world.
JPMorgan is expanding into the former Credit Suisse building in Canary Wharf to accommodate its UK workforce's full return to the office in March. This strategic move addresses urgent space needs following UBS's exit and reflects a broader trend of banks reaffirming their commitment to office-based work, potentially revitalizing the local real estate market.
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yuno establishes middle east headquarters in qatar to enhance fintech growth
08:42 25.02.2025
qfc launches metaverse to enhance financial engagement and innovation in qatar
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Barclays Private Bank focuses on growth and execution in the UAE market
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