UAE-based fintech YAP, a digital banking platform, has raised USD41 million in a pre-series A funding round to fund its operations and growth. The round was led by Saudi Arabia’s investment company Aljazira Capital, alongside notable investments from Abu Dawood Group, Astra Group, and Audacia Capital. YAP plans to complete its Series A by the […]
Banking & Finance
Deal & transactions
United Arab Emirates
Bahrain Bourse and ADX launch Tabadul Exchange Hub
Bahrain Bourse (BHB) and Abu Dhabi Securities Exchange (ADX) have launched the GCC’s first digital exchange hub – Tabadul. The exchanges commemorated this landmark achievement towards the launch of Tabadul with an official
Banking & Finance
Food & Beverage
United Arab Emirates
Food tech startup Supy raises USD8m in seed financing round
UAE-based B2B food marketplace, Supy, raised USD8 million in a Seed round led by Beco Capital with participation from existing investors including Valia Ventures and Cotu Ventures, Global Ventures and Amk Investment Office.
Banking & Finance
Deal & transactions
United Arab Emirates
Emirates NBD Group and BNY Mellon announce strategic alliance
Global investment company, BNY Mellon and Emirates NBD, a banking group in the MENAT (Middle East, North Africa and Turkey) region, have entered a strategic alliance aimed at accelerating the growth
Deal & transactions
TMT
United Arab Emirates
AIQ and MBZUAI collaborate to energize research into AI technologies
AIQ, a joint venture between ADNOC and G42, and Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) have signed a memorandum of understanding (MoU) related to joint research into AI related technologies with an emphasis
Appointments
United Arab Emirates
Freshfields’ Michael Hilton named regional managing partner for MENA
Freshfields Bruckhaus Deringer (‘Freshfields’) has appointed Michael Hilton (pictured) as its regional managing partner for the Middle East and North Africa (MENA), effective 01 July 2022. He succeeds partner Pervez Akhtar, who has completed his term. Hilton’
Global law firm Baker McKenzie has appointed five new partners in the MENA Region. Dispute resolution partners Amir Alkhaja (UAE) and Sally Kotb (UAE), IP & technology partner Kellie Blyth (UAE), banking & finance partner
Vinson & Elkins has appointed partner Nabeel Ikram (pictured) as the head of international disputes for MENA region. Ikram’s area of practise focuses on engineering and construction dispute resolution. He has two decades
Deal & transactions
Healthcare, Pharma & Life Sciences
United Arab Emirates
GluCare.Health partners with Novo Nordisk on its weight management pilot
GluCare.Health, a hybrid digital therapeutics company focused on diabetes, have signed a partnership agreement to launch a value-based weight management pilot with Danish multinational pharmaceutical company, Novo Nordisk. Set to begin in September 2022, the
e& enterprise, part of e& (formerly known as Etisalat Group), and Hub71, Abu Dhabi’s global tech ecosystem, have entered into a definitive agreement to launch the region’s first AI Centre of
