Author: Mahdeehassan

Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, hosted the second edition of its flagship event, Emirates NBD GenAI Summit at the Ritz Carlton DIFC. The event convened global technology experts, industry leaders and innovators from OpenAI, Amazon Web Services, McKinsey & Co, and others to explore the transformative potential of Generative AI (GenAI) in financial services and its growing impact on Emirates NBD. Held during Dubai AI Week, the summit served as a platform for in-depth discussions, knowledge sharing, and collaborative exploration of GenAI’s role in elevating customer experience, driving operational…

Returning to Lisbon, SBC Summit will present a reimagined agenda designed to better serve a global audience, with a powerful new focus on market diversity, technological innovation, and actionable, real-world learning. Building on the success of its Lisbon debut, SBC Summit will return to the Feira Internacional de Lisboa and MEO Arena on 16–18 September 2025. The event will welcome 30,000 attendees to a six-stage, industry-wide conference agenda spanning global and emerging markets, payments, affiliation, player protection, and new hands-on ‘Operator Academy’ workshops. Familiar to last year’s attendees and bigger than ever, the Super Stage will also return to the MEO Arena to spotlight headline sessions from the industry’s biggest names;…

Federation reports strongest financial result in almost ten years – operating result of € 4.7m for FY2024, up from operating loss of €-24.0m in 2021 Dubai, UAE, 20th May, 2025: The Fédération Internationale de l’Automobile (FIA), the global governing body for motor sport and the federation for mobility organisations worldwide, today announced a pivotal turnaround in its financial health under the leadership of FIA President Mohammed Ben Sulayem. At the end of the fiscal year 2024, the Fédération reported that is has achieved a robust operating result of € 4.7m, and an operating income of € 182.0m. This takes it from a…

EFG Finance, part of EFG Holding, has approved the acquisition of its B2B platform Fatura by MaxAB-Wasoko, a regional retail and supply chain super app. As part of the deal, EFG becomes a major shareholder in MaxAB-Wasoko and gains a board seat, reinforcing its fintech strategy across Africa. Founded in 2019, Fatura brings an asset-light marketplace model with 626 wholesalers in 16 cities, expanding MaxAB’s reach. Now fully integrated, the platform will offer retailers greater product variety, logistics efficiency, and embedded financing, including faster credit access. The acquisition accelerates MaxAB-Wasoko’s pan-African expansion, with Fatura expected to contribute 25% of Egypt’s revenue…

Cairo-based used-car platform Sylndr has raised $15.7 million in a Series A equity round, led by DPI Venture Capital via the Nclude Fund, with participation from Algebra Ventures, Nuwa Capital, Raed Ventures, Uncovered Fund, Beltone Venture Capital, and Camel Ventures. Founded in 2021 by Omar El Defrawy, Sylndr allows customers to buy and sell their cars as well as find financing solutions.  The funding will be used to accelerate Sylndr’s expansion across Egypt, enhance its pricing intelligence, inventory, and fintech capabilities, and strengthen partnerships with dealers, lenders, and service providers. In November last year, Sylndr secured a $7.46 million capital facility tailored specifically…

As the global betting and iGaming industry descends on Malta this June, payments will take centre stage as part of SBC Summit Malta’s dedicated Payments Innovation track. The track, which takes place on Thursday, 12 June at the InterContinental Hotel, will unite payments executives, fintech specialists, and compliance leaders to explore the most pressing challenges and emerging opportunities in payment technology. With sessions on Open Banking, crypto investment, and the future of fraud prevention and KYC, this track equips professionals to navigate regulatory changes, adapt to disruptive technologies, and meet rising player expectations. Discussing the inclusion of the Payments Innovation track at SBC Summit Malta, SBC CEO and founder, Rasmus…

AUTONOMOUS A2Z secured AV approval in Singapore and proved global scalability by adapting to right-hand drive through K-City testing. Singapore, May 19, 2025 — AUTONOMOUS A2Z, South Korea’s leading autonomous driving technology firm led by CEO Ji-hyeong Han, announced today that it has successfully obtained the Milestone 1 (M1) Vehicle Safety Assessment approval from Singapore’s Land Transport Authority (LTA). This achievement marks AUTONOMOUS A2Z as the first Korean company authorized to operate autonomous vehicles (AVs) on public roads in Singapore under specific designated conditions. In Singapore, autonomous vehicles must pass rigorous Milestone 1 (M1) safety assessments administered by the Centre…

Kilow, a leading digital health and weight management solution, has successfully closed its $2.5 million seed funding round led by Sanabil Venture Studio (a subsidiary of Sanabil Investments) in partnership with Stryber. This investment comes at a time of rapid growth for Kilow, as the company continues to revolutionise the weight loss experience through AI-powered, personalised solutions and seamless health data integration. By leveraging technology, Kilow aims to help users achieve their health goals more efficiently and sustainably. Driving Innovation in Digital Healthcare Since its inception, Kilow has been committed to building a comprehensive digital ecosystem that empowers users through:-…

Saudi Arabia has launched Humain, a state-backed AI company under the Public Investment Fund (PIF), signalling a strategic move to become a global leader in artificial intelligence. Chaired by Crown Prince Mohammed bin Salman and backed by the PIF’s substantial $940 billion valuation, Humain will serve as the central entity for the kingdom’s AI development and investment. This announcement coincided with U.S. President Donald Trump’s visit to Riyadh, underscoring the significance of AI in the two nations’ strategic agenda. Humain’s primary objectives include establishing Saudi Arabia as a global AI hub by offering a comprehensive range of services. These services…

Abu Dhabi, May 14, 2025 – South Korea and the United Arab Emirates (UAE) brought together their next-generation leaders to explore future cooperation in science, technology, innovation, and sustainability. A special exchange event was held at the Emirates Foundation in Abu Dhabi, hosted by the Korea Foundation (KF). The event featured participants from the KF Global Fellows program and the UAE government’s National Experts Program (NEP), marking the first formal engagement between rising STEM leaders from both countries. The gathering served as a platform for in-depth dialogue on shared national goals, including sustainability through innovation, the future of energy, talent…