Chris Hamill-Stewart

1 day ago | agbi.com | Chris Hamill-Stewart

Analysis Banking and Finance Alamy via Reuters Connect Fintech could take 10% of revenues Banks respond by investing in tech Corporate finance unaffected The growth of fintech in the Middle East is driving traditional banks to refocus on better serving their customers and invest in their own dedicated subsidiaries as the sector eats into their market share, industry experts say. In the three months to March 31, fintech funding accounted for almost 60 percent of all venture capital raised in...

3 days ago | agbi.com | Chris Hamill-Stewart

Analysis Finance Alamy via Reuters Connect Declining share since 2020Less than $500,000 in AprilGovernment mandates neededStartups led by women in the Middle East and North Africa are at risk of being left far behind when it comes to raising venture capital funds, data shows.

3 days ago | agbi.com | Chris Hamill-Stewart

Analysis Artificial Intelligence Alamy via Reuters Connect Google and Dubai partner in training94% of CAIOs work in private sectorRole unlikely to replace CTOThree years ago, finding a single person in the Middle East and the Gulf with the job title “chief AI officer” was rare, if not unheard of.

6 days ago | agbi.com | Chris Hamill-Stewart

Cryptocurrency Partnered with Crypto.comTo run at 10 service stationsWith plans to expandCustomers at some of Emarat’s service stations across the UAE will soon have the option to pay for their gas and snacks in cryptocurrencies.

6 days ago | agbi.com | Chris Hamill-Stewart

Industry Software issues mar Gravity launchShares trading at $2.25Lost $3.1bn in 2024Lucid Motors, the Saudi-controlled US electric vehicle maker, has admitted to “hiccups” in the rollout of its sports utility vehicle, Gravity. “It is true that we had some technical issues that we had to overcome around software,” interim CEO Marc Winterhoff said on an earnings call this week.