To expand in MENA and Europe viAct, an impact-driven artificial intelligence startup transforming safety in high-risk industries, has raised US$7.3 million in a Series A funding round. The investment was led by Dublin-based Venturewave Capital, with support from Singtel Innov8, Korea Investment
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To enhance security The International Trade Committee of the European Parliament has approved new, revised rules for screening foreign investments within the European Union (EU). Approved on April 8, 2025, the updated regulations are designed to protect EU security and public order by expanding the sectors subject to mandatory screening and harmonising national screening
According to Atmos study The United Arab Emirates (UAE) has claimed the top spot in the global rankings for cryptocurrency adoption, with 25.3% of its population owning digital currencies. This places the UAE at the forefront of the global crypto-obsession movement, scoring 98.4 on a scale developed by Atmos. The Dubai-based company analyses crypto adoption, […]
Via several focused initiatives Headquartered in Montvale, New Jersey, United States, the Institute of Management Accountants (IMA) is a prominent global nonprofit organisation dedicated to advancing the skills of accounting and finance professionals worldwide. With 130,000+ members across 150 countries and 350 chapters, IMA provides resources such as certification
Per a Deloitte-IMA survey A new global survey from Deloitte’s Centre for Controllership and the Institute of Management Accountants (IMA) has underscored the increasing importance of artificial intelligence (AI) in shaping the future of the controllership function among financial professionals. The survey found that the use of AI in the controllership role is expected to
From $9.2bn in 2024 A new study from Juniper Research reveals that non-financial businesses’ global spend on Know Your Customer (KYC) and Know Your Business (KYB) systems will surge by 140% over the next five years. From an estimated $9.2 billion in 2024, this figure is projected to climb to $22 billion by 2029. This […]
UAE and Saudi Arabia entry in Q4 2024 Singapore-based Locad, a leading smart digital logistics engine powering consumer brands with its Cloud Supply Chain-As-a-Service (SCaaS) for global distribution, has announced a $9 million Pre-Series B funding round. The round was co-led by Global Ventures and existing investor Reefknot Investments, with additional participation from
Financial literacy and independence seen vital A distinguished all-women panel gathered in Dubai, United Arab Emirates, on August 26, 2024, to discuss critical issues surrounding financial literacy and empowerment for women in the Middle East. Organised by APM Capital Limited, a leading financial brokerage company based in Abu Dhabi, the event’s panellists featured experts
Ambitious aim for private equity fund Stockholm, Sweden-based EQT has announced its target fund size for EQT Private Capital Asia’s BPEA Private Equity Fund IX (BPEA IX) at $12.5 billion. The final size of the fund will be determined based on the outcomes of the fundraising process and could exceed or fall short of the […]
Phoenix Group and IOPn step up RAK Digital Assets Oasis (RAK DAO), the world’s first purpose-built free zone for digital and virtual assets companies, has signed a strategic partnership with Phoenix Group and Internet of People (IOPn) to turn Ras Al Khaimah emirate into a global hub for Web3 innovation by attracting top-tier talent and […]
New Zealand and Italy also favoured Dubai-based deVere Group, a prominent player in global financial advisory services, has revealed that the top three international destinations for its financial graduates in the first half of 2024 are the United Arab Emirates (UAE), New Zealand, and Italy. The designation underscores a trend towards these three countries as […]
Getting It Right Is A Game-Changer Choosing the right banking partner in the United Arab Emirates (UAE) is a fundamental decision that can significantly impact financial management and a business’s overall performance. Considered the commercial hub of the Middle East, where entrepreneurship thrives amid innovation and economic growth, the UAE has arguably one of the
Financial Results Exceed Expectations Cognizant’s first quarter 2024 financial results, unveiled earlier this month, exceeded expectations and showcased resilience in the face of evolving market conditions. In the first quarter of 2024, Teaneck, New Jersey-headquartered Cognizant, reported a revenue of $4.76 billion, slightly lower than the $4.81 billion recorded in the
Learn About The Key Features And More Cash-back credit cards can be particularly appealing to consumers in the UAE because they offer a straightforward way to save money on daily expenses. Moreover, consumers can enjoy the excitement of flexibility in redeeming and using their earnings, making them even more appealing. Driven by significant market size, […]
Outpaces Entire 2023 Growth By 15% NVIDIA, the US-based chipmaker, continues its meteoric rise in the stock market, setting new records after closing 2023 as the top performer in the S&P 500 index with a remarkable gain of 236%. Bolstered by stellar Q4 results, the tech giant has surged by over $400 billion in stock […]
Key Boost For Company’s Growth Initiatives Scrut Automation, a pioneering Governance, Risk, and Compliance (GRC) platform, has announced a significant milestone with the completion of a $10 million growth capital raise from strategic investors Lightspeed, MassMutual Ventures, and Endiya Partners. This funding round, a testament to these leading investors’
Bank registers $136 billion in client assets Saxo Bank Group, a leading financial institution, has revealed its 2023 financial performance, reporting an adjusted net profit of $111 million, down from $121 million in 2022. Despite challenges like a $53 million software write-down and a $16 million impact from the Saxo Geely Tech Holding divestment, the […]
Fuelled by AI’s advancements in risk assessment There is likely to be an 80% surge in total spending on third-party Anti-money Laundering (AML) systems by 2028, reaching $65.62 billion, up from $36.43 billion in 2024, according to ‘Global AML Systems Market 2024-2028’ – a new study conducted by Juniper Research – a leading authority in […]
Asian semiconductor companies playing a pivotal role In the ever-changing landscape of Artificial Intelligence (AI) and Information Technology (IT), investors are finding solace as the uptrend in risk assets, notably stocks, broadens globally across various regions and sectors. While concerns of German ‘deindustrialisation’ loom, recent shifts in the energy
Canadian company accelerates global expansion plans Vancouver-based crypto infrastructure provider Aquanow has achieved a significant milestone in its global expansion strategy by acquiring the Virtual Asset Service Provider (VASP) licence from Dubai’s Virtual Assets Regulatory Authority (VARA). While currently non-operational, the licence sets the stage for Aquanow to