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Arab nations emerge as top global startup ecosystems in 2025

In 2024/2025, six Arab countries, including five from the GCC, ranked among the world's top startup ecosystems, reflecting a surge in entrepreneurship amid regional challenges. The UAE leads globally for the fourth year with a score of 7.1, followed by Saudi Arabia (4th globally, 6.3), Bahrain (7th, 5.8), Oman (8th, 5.7), Qatar (11th, 5.6), and Jordan (18th, 5.0). These nations are enhancing their entrepreneurial landscapes through strategic reforms and initiatives, attracting significant investment in sectors like fintech and e-commerce.
ArabFounders
QAT JOR SAU BHR ARE OMN Alya Hamad Show more
Finance & Economy, News Article
17:21 29.05.2025

Arab nations rise as startup hubs amid global uncertainty and regional reforms

The Arab world is rapidly emerging as a startup hub, with six nations ranking among the top global ecosystems for 2024/2025, driven by government initiatives and a focus on sectors like fintech and e-commerce. The UAE leads with a score of 7.1, followed by Saudi Arabia at 6.3, benefiting from Vision 2030 reforms. Bahrain, Oman, Qatar, and Jordan also show significant progress, highlighting the region's entrepreneurial potential.
ArabFounders
QAT JOR SAU BHR ARE OMN Alya Hamad Show more
Finance & Economy, News Article
16:55 29.05.2025

rupee declines against dirham as dollar strengthens amid economic concerns

The Indian rupee has dropped to 23.30 against the UAE dirham, with expectations of further decline as the dollar strengthens. This follows a trend since February when the rupee hit a record low of 23.92, influenced by market reactions to U.S. economic concerns and import tariffs. Manoj Nair, a seasoned financial journalist, continues to monitor shifts in the property, gold, and retail sectors while enjoying classic Bollywood films in his leisure time.
Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema
United States Dollar United Arab Emirates Dirham Indian Rupee IND USA ARE Neelesh Gopalan Show more
Finance & Economy, News Article
07:01 29.05.2025

gold prices drop ahead of eid al adha shoppers hope for better deals

Gold prices are currently dropping, raising hopes among UAE shoppers for a return to Dh350 ahead of Eid Al Adha. Retailers are offering 'price lock in' options for buyers, allowing them to benefit from any further declines. Market trends suggest potential softening in gold rates due to recent shifts in global sentiments regarding US tariffs, which previously drove prices to record highs.
Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema
USA ARE
Finance & Economy, News Article
05:19 29.05.2025

stitch secures 10 million funding to transform banking infrastructure in mena

Stitch, a Saudi Arabia-based startup founded in 2022, has successfully closed a $10 million seed round to modernize banking infrastructure in the MENA region. The platform enables businesses to launch and scale financial products more efficiently, addressing significant barriers in the market. With backing from prominent investors and major clients already leveraging its technology, Stitch aims to transform the financial ecosystem by providing a unified, API-driven solution tailored for modern needs.
Lucidity Insights
United States Dollar Saudi Riyal Al Rajhi Bank IND KEN SAU Khaled Lababidi Wael Nafee Hisham Abdulmalik Alsheikh Jason Gardner Nora Alsarhan Mohamed Oueidat Show more
Finance & Economy, Press Release
03:12 29.05.2025

JPMorgan's Strategic Evolution: Navigating Uncertainty with Innovation and Resilience

JPMorgan Chase is aggressively evolving to maintain its market leadership amid geopolitical risks and economic uncertainty. CEO Jamie Dimon emphasizes a commitment to customer-centric innovation and a strong balance sheet, while the bank's strategy focuses on long-term value and continuous reinvestment in technology and talent to counter competitive threats. The firm aims to balance profitability with sustainable growth, ensuring it remains a trusted partner for clients across various financial needs.
Finextra Research
USA Jamie Dimon Jeremy Barnum
Finance & Economy, Market Report
08:32 25.05.2025

UBS Introduces AI Avatars for Analyst Reports Amid Share Price Concerns

UBS, under CEO Sergio Ermotti, is leveraging artificial intelligence to enhance client engagement by allowing analysts' reports to be presented via digital avatars in video format, responding to rising demand for such content. This innovation aims to improve efficiency and address the bank's share price challenges. Meanwhile, the Swatch Group delayed publishing its Annual General Meeting minutes due to the controversial candidacy of US investor Steven Wood, prompting thorough verification of voting results.
Tages-Anzeiger
CHE USA DEU Donald Trump Konrad Hummler Ivan Adamovich Sergio Ermotti Nayla Hayek Karin Keller-Sutter Nick Hayek Show more
Finance & Economy, News Article
07:16 25.05.2025

Shinhan Financial Group and Goldman Sachs Discuss Wealth Management Collaboration

Shinhan Financial Group Chair Jin Ok-dong engaged in high-level discussions with Goldman Sachs executives in Europe to enhance collaboration in wealth management and investment banking. The meetings, part of a weeklong investor relations tour, focused on strategies for cross-border asset management and sustainable profit models in the Korean market. Jin also outlined Shinhan's financial targets and explored growth opportunities in Poland's energy, infrastructure, and defense sectors.
The Korea Herald
The Goldman Sachs Group, Inc. GBR POL DEU KOR Jin Ok-dong Chris French Anthony Gutman Ronan Breen Show more
Finance & Economy, News Article
06:42 25.05.2025

Switzerland's Tough Stance on UBS Regulation Marks Historic Political Shift

On June 6, the Ministry of Finance will unveil the "Lex UBS," a regulation with significant global implications for Switzerland's relationship with its largest bank. Karin Keller-Sutter, the President of the Swiss Confederation, is navigating the political landscape to impose strict capital requirements, distancing herself from the banks amid rising public scrutiny. This marks a pivotal shift in Swiss banking politics, as the government grapples with the balance between regulation and economic stability.
Blick
UBS Group AG Credit Suisse Group Ltd. CHE USA Colm Kelleher Ueli Maurer Karin Keller-Sutter Sergio Ermotti Show more
Finance & Economy, News Article
06:29 25.05.2025

JPMorgan Chase Reaffirms Long-Term Commitment to Investment in China

JPMorgan Chase's CEO Jamie Dimon reaffirmed the bank's commitment to long-term investment and growth in China, despite facing trade challenges. He labeled assertions of the bank retreating from the Chinese market as "completely false," emphasizing ongoing confidence in the region's potential.
english.news.cn
USA CHN Jamie Dimon
Finance & Economy, News Article
04:52 25.05.2025
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