News

Latest developments in startups, business, and technology across India, MENA, North America, Europe, and global markets. Stay informed with breaking news, in-depth reporting, and expert analysis on entrepreneurship, innovation, and emerging trends.

Today, Spare serves a list of innovative businesses in KSA, including leading traditional lenders, Buy Now Pay Later Fintechs, and EFMs.

MENA News

Spare raises $3 Mn Investment to lead Open Banking Innovation in the Middle East

Spare, a Bahrain-based pioneering open banking services provider, recently announced the close of a $3 million funding round led by Vision Ventures

Editorial Staff
27 December 2023

India’s current DPI landscape has provided 97% of the population with a digital ID, facilitated Direct Benefit Transfer (DBT) to the effect of 900 million beneficiaries to date and has even given 40% of the 1.2 billion strong population access to banking facilities.

India News

Report: DPI gives 97% of Indians Digital ID and enjoys greater adoption among Tier-2 geographies – Redseer

India’s Digital Public Infrastructure expands beyond Aadhar and UPI, creating impact across sectors including eCommerce, Gaming, Fintech, Banking, and MSMEs.

Editorial Staff
15 December 2023

The Mega Green Accelerator will be open to startups in the MENA region focusing on circular economy solutions, clean energy transition, and climate mitigation technologies, including water and agriculture.

MENA News

PepsiCo, SABIC and partners launch the Mega Green Accelerator, powered by AstroLabs

On the heels of the first week of COP28, PepsiCo, SABIC, AstroLabs and their strategic partners have announced the launch of the Mega Green Accelerator

Editorial Staff
11 December 2023

The Government of India is laying the ground for a sovereign computer-based intelligence.

India News

India plans to build a ‘Sovereign AI’ ecosystem, Not controlled by private players

Union Minister Rajeev Chandrasekhar said India is looking to shape global trends and conversations in artificial intelligence.

Riyaz Idrisi
9 December 2023

"The only true use case for it is criminals, drug traffickers … money laundering, tax avoidance,". "If I was the government, I’d close it down," Dimon said

News North America

Jamie Dimon criticizes Cryptocurrency: ‘If I was the government, I’d close it down’

Sharing his remarks Wednesday on Capitol Hill, JPMorgan CEO Jamie Dimon criticized Cryptocurrency. "If I was the government, I’d close it down,"

Riyaz Idrisi
8 December 2023

US expanded restrictions on exporting advanced AI chips, products of companies like Nvidia and Advanced Micro Devices, to include certain West Asian countries.

MENA News North America

CFIUS forces Aramco to exit from Sam Altman-backed AI chip maker Rain Neuromorphics

Biden administration has forced the Saudi Aramco to disinvest from the Silicon Valley-based AI chip startup Rain Neuromorphics backed by Sam Altman.

Riyaz Idrisi
4 December 2023

Amouranth added that she is aiming to overtake Bill Gates in terms of farmland ownership.

News North America

Amouranth buys $17 Mn Florida Orchard to surpass Bill Gates in terms of land ownership

Amouranth, renowned American streamer and social media personality, on Tuesday, announced that she has purchased a 2,213-acre orchard in Florida for $17 million.

Laiba Nayab
30 November 2023

A statement from American multinational conglomerate holding company, Berkshire Hathaway stated "Munger peacefully died this morning at a California hospital,"

News North America

Charlie Munger, Vice Chairman of Berkshire Hathaway dies aged 99

Billionaire philanthropist, and Vice Chairman of Berkshire Hathaway, Charlie Munger died on Tuesday aged 99 at a hospital in California.

Wajiha Wahab
29 November 2023

Entering into a global cards market valued at $524.9 billion in 2022, and projected to reach $1.2 trillion by 2032, (according to Allied Research) and growing at a CAGR of 8.8% from 2023 to 2032 is something that PayTabs has planned, as part of growing its orchestration platform.

MENA News

PayTabs unveils its expansion into card issuance

PayTabs Group, MENA’s award-winning payment orchestration powerhouse today announced the launch of PayTabs Issuance – secure prepaid card issuing solutions.