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    Home»Fintech»Business Extra: How FinTech is evolving in the Middle East
    Fintech

    Business Extra: How FinTech is evolving in the Middle East

    August 14, 20245 Mins Read


    In this episode of Business Extra, we explore the rapidly evolving FinTech landscape in the Middle East, where new apps and products are constantly emerging with promises of easier financial transactions and innovative money management solutions.

    Among these players, Dubai-based start-up Ziina stands out for its methodical rise over the past few years.

    Ziina aims to bring economic freedom and enhanced financial literacy across the Middle East. Recently, the company made headlines by securing a Stored Value Facility licence in the UAE, a significant milestone that promises to propel the start-up even farther.

    Ziina’s chief executive and co-founder Faisal Toukan joins host Cody Combs to discuss the company’s journey, the significance of its recent achievements, and its plans for the future.

    Match info

    Liverpool 4
    Salah (19′), Mane (45+2′, 53′), Sturridge (87′)

    West Ham United 0

    SPECS

    Engine: Two-litre four-cylinder turbo
    Power: 235hp
    Torque: 350Nm
    Transmission: Nine-speed automatic
    Price: From Dh167,500 ($45,000)
    On sale: Now

    Auron Mein Kahan Dum Tha

    Starring: Ajay Devgn, Tabu, Shantanu Maheshwari, Jimmy Shergill, Saiee Manjrekar

    Director: Neeraj Pandey

    Rating: 2.5/5

    Did you know?

    Brunch has been around, is some form or another, for more than a century. The word was first mentioned in print in an 1895 edition of Hunter’s Weekly, after making the rounds among university students in Britain. The article, entitled Brunch: A Plea, argued the case for a later, more sociable weekend meal. “By eliminating the need to get up early on Sunday, brunch would make life brighter for Saturday night carousers. It would promote human happiness in other ways as well,” the piece read. “It is talk-compelling. It puts you in a good temper, it makes you satisfied with yourself and your fellow beings, it sweeps away the worries and cobwebs of the week.” More than 100 years later, author Guy Beringer’s words still ring true, especially in the UAE, where brunches are often used to mark special, sociable occasions.

    Match info:

    Portugal 1
    Ronaldo (4′)

    Morocco 0

    What is graphene?

    Graphene is extracted from graphite and is made up of pure carbon.

    It is 200 times more resistant than steel and five times lighter than aluminum.

    It conducts electricity better than any other material at room temperature.

    It is thought that graphene could boost the useful life of batteries by 10 per cent.

    Graphene can also detect cancer cells in the early stages of the disease.

    The material was first discovered when Andre Geim and Konstantin Novoselov were ‘playing’ with graphite at the University of Manchester in 2004.

    Director: Paul Weitz
    Stars: Kevin Hart
    3/5 stars

    The specs

    Engine: 3.9-litre twin-turbo V8
    Power: 620hp from 5,750-7,500rpm
    Torque: 760Nm from 3,000-5,750rpm
    Transmission: Eight-speed dual-clutch auto
    On sale: Now
    Price: From Dh1.05 million ($286,000)

    EMERGENCY PHONE NUMBERS

    Estijaba – 8001717 –  number to call to request coronavirus testing

    Ministry of Health and Prevention – 80011111

    Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre

    Emirates airline – 600555555

    Etihad Airways – 600555666

    Ambulance – 998

    Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries

    TRAP

    Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue

    Director: M Night Shyamalan

    Rating: 3/5

    Blackpink World Tour [Born Pink] In Cinemas

    Starring: Rose, Jisoo, Jennie, Lisa

    Directors: Min Geun, Oh Yoon-Dong

    Rating: 3/5

    UAE currency: the story behind the money in your pockets
    TWISTERS

    Director: Lee Isaac Chung

    Starring: Glen Powell, Daisy Edgar-Jones, Anthony Ramos

    Rating: 2.5/5

    Fight card

    Bantamweight

    Siyovush Gulmamadov (TJK) v Rey Nacionales (PHI)

    Lightweight

    Alexandru Chitoran (ROM) v Hussein Fakhir Abed (SYR)

    Catch 74kg

    Tohir Zhuraev (TJK) v Omar Hussein (JOR)

    Strawweight (Female)

    Weronika Zygmunt (POL) v Seo Ye-dam (KOR)

    Featherweight

    Kaan Ofli (TUR) v Walid Laidi (ALG)

    Lightweight

    Leandro Martins (BRA) v Abdulla Al Bousheiri (KUW)

    Welterweight

    Ahmad Labban (LEB) v Sofiane Benchohra (ALG)

    Bantamweight

    Jaures Dea (CAM) v Nawras Abzakh (JOR)

    Lightweight

    Mohammed Yahya (UAE) v Glen Ranillo (PHI)

    Lightweight

    Alan Omer (GER) v Aidan Aguilera (AUS)

    Welterweight

    Mounir Lazzez (TUN) Sasha Palatnikov (HKG)

    Featherweight title bout

    Romando Dy (PHI) v Lee Do-gyeom (KOR)

    Result:

    1. Cecilie Hatteland (NOR) atop Alex – 31.46 seconds

    2. Anna Gorbacheva (RUS) atop Curt 13 – 31.82 seconds

    3. Georgia Tame (GBR) atop Cash Up – 32.81 seconds

    4. Sheikha Latifa bint Ahmed Al Maktoum (UAE) atop Peanuts de Beaufour – 35.85 seconds

    5. Miriam Schneider (GER) atop Benur du Romet – 37.53 seconds

    6. Annika Sande (NOR) atop For Cash 2 – 31.42 seconds (4 penalties)

    THE SPECS

    Engine: 1.5-litre

    Transmission: 6-speed automatic

    Power: 110 horsepower

    Torque: 147Nm

    Price: From Dh59,700

    On sale: now

    Company Profile

    Name: HyveGeo
    Started: 2023
    Founders: Abdulaziz bin Redha, Dr Samsurin Welch, Eva Morales and Dr Harjit Singh
    Based: Cambridge and Dubai
    Number of employees: 8
    Industry: Sustainability & Environment
    Funding: $200,000 plus undisclosed grant
    Investors: Venture capital and government

    ROUTE TO TITLE

    Round 1: Beat Leolia Jeanjean 6-1, 6-2
    Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
    Round 3: Beat Marie Bouzkova 6-4, 6-2
    Round 4: Beat Anastasia Potapova 6-0, 6-0
    Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
    Semi-final: Beat Coco Gauff 6-2, 6-4
    Final: Beat Jasmine Paolini 6-2, 6-2

    COMPANY PROFILE

    Name: Haltia.ai
    Started: 2023
    Co-founders: Arto Bendiken and Talal Thabet
    Based: Dubai, UAE
    Industry: AI
    Number of employees: 41
    Funding: About $1.7 million
    Investors: Self, family and friends

    The specs

    Engine: Long-range single or dual motor with 200kW or 400kW battery

    Transmission: Single-speed automatic

    Max touring range: 620km / 590km

    Price: From Dh250,000 (estimated)



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