Saudi issues rules regulating ‘Buy Now Pay Later’ companies
Saudi Arabia
The Saudi Central Bank (SAMA) has issued “Rules for regulating buy now pay later (BNPL) companies”, as part of its role in supervising...
Lendo Secures $28M in Series B Funding Led by Sanabil Investments, Gears Up for IPO
Saudi Arabia
Lendo, a Saudi Arabia-based shariah-compliant debt crowdfunding marketplace, has raised SAR 105 million ($28 million) in Series B funding led by Sanabil...
Dubai Chamber of Digital Economy attracts 101 digital startups to Dubai within nine-month period
UAE
Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that it attracted 101 innovative...
Qatar Officially Joins Digital Cooperation Organization
Qatar
The Ministry of Communications and Information Technology (MCIT) of Qatar formalized its membership in the Digital Cooperation Organization (DCO) by signing a charter during...
UAE’s e& completes acquisition of over 50% stake in Careem Technologies
UAE
UAE telecom operator e& has successfully finalized the acquisition of a 50.03% stake in Careem Technologies, known as the Careem Everything App. The transaction,...
