Remove Digital Remove Phase Remove UAE
article thumbnail

UAE aims to convert oil wealth into tech prowess

TechCrunch

The UAE took in 46% of the total venture capital received in the Middle East and Africa in 2021, according to the country’s Ministry of Economy. In 2017, the UAE created an artificial intelligence ministry position, which it filled with H.E. TechCrunch: Is the UAE’s venture capital presence fairly new? were invested in the UAE.

UAE 88
article thumbnail

Pluto lands funding from corporate spend giants to build ‘Ramp for the Middle East’

TechCrunch

Founded in October 2021, Pluto’s first product is a card designed to help businesses digitize their cash spend. That has accelerated card acceptance –– with 90% card acceptance rates in the UAE and Saudi Arabia by some estimates — in the region. It is gearing up to formally launch in the UAE and Saudi Arabia in the coming weeks.