UAE’s NymCard secures $33M in funding to propel embedded finance innovation across MENA
NymCard, a Dubai-based fintech company, has successfully raised $33 million in a Series B funding round, marking a significant milestone in the Middle East and North Africa (MENA) region’s digital payments landscape. Led by QED Investors, with participation from Lunate, Dubai Future District Fund, Mashreq Bank, and others, this investment represents QED’s largest and first in the Gulf.
The UAE continues to strengthen its position as a global hub for startups and entrepreneurship
The UAE is solidifying its status as a global hub for startups and entrepreneurship through flexible policies, advanced infrastructure, and a commitment to diversification, sustainability, and innovation. The country’s attractive environment, featuring incentives like tax exemptions, specialized free zones, and supportive government initiatives such as “Operation 300bn,” draws in investors and entrepreneurs worldwide.
UAE launches ‘Blue Visa’ for leaders in environmental sustainability
The United Arab Emirates has launched the first phase of its Blue Visa program, a 10-year residency initiative aimed at attracting and retaining exceptional talent in environmental sustainability. Announced at the World Governments Summit in Dubai, this program is part of the UAE’s broader efforts to establish itself as a regional leader in environmental sustainability, targeting individuals who have made significant contributions to environmental protection and sustainability, both within the UAE and internationally.