{
}
PIESHIP has successfully raised $2.1 million in seed funding, led by Nama Ventures, to expand its smart logistics and last-mile delivery services in Saudi Arabia. The company plans to operate in seven major cities and increase its driver network to 5,000, enhancing delivery efficiency through advanced AI technologies. CEO Nasser Al-Harithi emphasized the commitment to improving user experience and reducing delivery times.
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.
BitOasis has secured a full Virtual Asset Service Provider (VASP) license from Dubai’s VARA, enabling it to trade over 60 digital assets and support UAE dirham and Saudi riyal pairs. This milestone follows its acquisition by Indian exchange CoinDCX and aims to enhance regulatory compliance and service offerings. Despite previous regulatory challenges, BitOasis has established itself as a significant player in Dubai's cryptocurrency market since its launch in 2016, processing over $6.6 billion in trading volume.
Most Gulf stock markets rose in early trading as investors anticipated U.S. inflation data. Economists predict the Federal Reserve will cut interest rates by 25 basis points at its December 18 meeting, with a pause expected in late January due to inflation concerns. Oil prices increased amid expectations of rising demand from China following its announcement of looser monetary policies. Additionally, the UAE will implement a 15% minimum top-up tax on large multinationals starting in January to enhance non-oil revenue.
BitOasis, a Dubai-based cryptocurrency trading platform, has secured a full virtual asset service provider license from the Virtual Assets Regulatory Authority, following its acquisition by Indian exchange CoinDCX. This milestone allows BitOasis to enhance its existing services for retail and institutional investors in the MENA region. The firm, which previously held a provisional permit, aims to expand its product offerings and comply with regulatory requirements in the UAE.
The inaugural Saudi-Swiss Fintech Forum in Riyadh successfully showcased Switzerland's fintech innovations and explored opportunities in Saudi Arabia, attracting 47 participants from 40 companies. Positive feedback highlighted Saudi Arabia's advancements in digital currencies and asset tokenization, with plans for a follow-up event in Switzerland and future initiatives aimed at enhancing collaboration between the two nations.
The inaugural Saudi-Swiss Fintech Forum in Riyadh showcased Switzerland's fintech innovations and explored opportunities in Saudi Arabia, attracting 47 participants from 40 companies. Positive feedback highlighted advancements in digital currencies and payment solutions, with plans for future collaboration and potential events in Switzerland by 2025.
A Dubai-based digital platform, Stake, is set to invest 1 billion riyals ($266 million) in Saudi real estate over the next six months, capitalizing on growing foreign interest. The firm is acquiring a fully-rented mall in Riyadh for 187 million riyals and plans to purchase a residential tower with over 140 apartments for 200 million riyals.
The recent UN talks in Busan aimed at establishing a treaty to combat plastic pollution ended without agreement, largely due to resistance from fossil fuel-producing nations against capping plastic production. Despite over 100 countries advocating for stringent measures, divisions persisted, with negotiators expressing concerns over economic impacts and the need for higher-level political involvement. The next round of discussions is anticipated to be challenging, with calls for more decisive action to address the plastic crisis.
Alwatania, the largest poultry producer in the Middle East, is reportedly considering a sale as Saudi Arabia's drive for food self-sufficiency enhances the industry's appeal. The company has engaged BSF Capital as an adviser for the potential deal, which could be valued at up to 2 billion riyals ($532 million).
Saudi Riyal
Currency
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Pieship raises 2.1 million dollars to enhance smart logistics in Saudi Arabia
13:12 15.02.2025
Edtech startup ULA raises 28 million to enhance digital education in MENA
United Arab Emirates Dirham
United States Dollar
Jordanian Dinar
Saudi Riyal
GBR
SEN
USA
RUS
TUN
SAU
QAT
EGY
MAR
MLT
Wadih Haddad
Alaa Jarrar
Odin Demassieux
Show more
13:32 13.02.2025
BitOasis receives full VASP license from Dubai after CoinDCX acquisition
15:16 16.12.2024
Gulf markets rise as investors await US inflation data and Fed decisions
United States Dollar
United Arab Emirates Dirham
Chinese Yuan
Saudi Riyal
ARE
USA
CHN
Sumana Nandy
Show more
09:34 11.12.2024
BitOasis secures full crypto license in Dubai after CoinDCX acquisition
09:50 09.12.2024
Saudi-Swiss Fintech Forum Sparks Collaboration and Future Initiatives in Fintech
Saudi Riyal
United States Dollar
Swiss Global Enterprise (S-GE)
Fintech Saudi
CHE
Suhail El Obeid
Yasmine Chatila Zwahlen
Show more
16:06 05.12.2024
Saudi-Swiss fintech forum fosters collaboration and future initiatives in Riyadh
United States Dollar
Saudi Riyal
Switzerland Global Enterprise
CHE
SAU
Suhail El Obeid
Yasmine Chatila Zwahlen
16:06 05.12.2024
Dubai Platform Stake Targets One Billion Riyals in Saudi Real Estate Investments
10:58 05.12.2024
Global Plastic Pact Negotiations Stalled Amid Calls for Voting and Production Curbs
Chinese Yuan
United States Dollar
South Korean Won
Saudi Riyal
Indian Rupee
Eunomia
WWF
KOR
Juliet Kabera
Sam Adu-kumi
Tony Agotha
Sidharth Nath Singh
Inger Andersen
Aleksandar Ranković
Guo Fang
Show more
13:16 02.12.2024
Saudi poultry leader Alwatania considers sale amid food self-sufficiency drive
10:35 02.12.2024
Trending
Subcategory
Corporate News
Industry Trends
Stock Market Updates
Industry Mergers & Acquisitions
Workplace Trends
Global Financial Events
Banking Regulations
Retail and Consumer Goods
Finance Mergers & Acquisitions
CEO Changes
Market Analysis and Predictions
Government Policies
Startups & Entrepreneurship
Global Trade Developments
Financial Scams and Security
Private Equity Deals
Central Bank Actions
Supply Chain Management
Government Economic Policies
Domestic Politics
Countries:
Companies:
JPMorgan Chase & Co.
Tesla, Inc.
Barclays PLC
Credit Suisse Lux Digital Healt
Bank of America Corporation
Deutsche Bank Money Market PP
UBS Group AG
BNP Paribas SA
Wells Fargo & Company
The Goldman Sachs Group, Inc.
Apple Inc.
Commerzbank AG
Banco Santander, S.A.
UniCredit S.p.A.
Danske Bank A/S
NVIDIA Corporation
Amazon.com, Inc.
SpaceXCoin USD
HSBC Holdings plc
HSBC HOLDINGS
Currencies:
United States Dollar
Euro
British Pound Sterling
Chinese Yuan
Swiss Franc
Indian Rupee
Japanese Yen
Danish Krone
Hong Kong Dollar
Australian Dollar
South Korean Won
Singapore Dollar
Russian Ruble
Offshore Chinese Yuan
Canadian Dollar
Mexican Peso
Indonesian Rupiah
Turkish Lira
Chilean Peso
United Arab Emirates Dirham
People: