#ICYMI 18/05: UAE Tech & Digital News at a Glance

Headline Stories

More FinTech companies given the chance to foster innovation in the UAE’s financial services market – with a focus on decentralised finance (DeFi), Web3 and tokenisation.
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UAE-based start-up claims to be the largest artificial intelligence-based digital health platform in the Middle East – amidst news that the remote healthcare market in the Middle East is ballooning, growing at a compound annual rate of 12.8%.
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Never mind the UK tech hotbeds of London, Manchester or Bristol. Why are Welsh companies winning tech contracts in the Middle East?
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Ones to Watch

Startups across FinTech, HealthTech, EdTech and other sectors have been selected to join Hub71’s 100+ startups – discover the 16 new promising startups that have collectively raised over AED 231 million in funding.
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Mashreq has invested $10 million in UAE-based FinTech start-up Cashew, fueling the rapidly expanding ‘buy now, pay later’ (BNPL) sector. BNPL platforms allow consumers to make purchases without paying the full amount upfront.
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EdTech start-up, Manara has raised $3 million in a pre-seed funding round. Its aim is to bridge European demand with engineers from the Middle East and North Africa region.
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A FinTech app that allows Dine-in guests to easily pay their bill by scanning a code or tapping to pay raises $2.5 in seed – reinforcing growing interest in FinTech startups offering payment solutions.
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Recruitment Matters

Demand for technology specialists is dominating the employment market in the UAE as companies continue to accelerate digital plans. Which tech jobs are in demand?
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A country with benefits: the UAE will introduce unemployment pay in 2023 for Emiratis and residents under a new social support programme scheme.
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New UAE visa system to make recruiting professionals easier for entrepreneurs, startups, and small and medium enterprises (SMEs).
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