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Wefox, a Berlin-based insurtech, has closed a $400 million Series D funding round led by Abu Dhabi Mubadala Investment Company, reports say. Other investors include Eurazeo, LGT, Horizons Ventures, OMERS Ventures, and Target Global, Wefox sells insurance to intermediaries and Read more
The Dubai government has approved $11.98 million worth of new social benefits for Emiratis with disabilities in the emirate, state-run agency WAM reports. The benefits will be available for those under 60, who have physical or mental impairments and require Read more
The International Committee of the Red Cross (ICRC) will launch an office in Abu Dhabi, the capital of the UAE, following an agreement signed with the Gulf country on Monday. The agreement, Emirates News Agency (WAM) reported, was signed by Read more
Jordanian Prime Minister Bisher al-Khasawneh told the BBC in an interview the kingdom has never considered Iran a threat to its national security, Middle East Monitor (MEMO) reports. “We have never looked at Iran as a source of threats to Read more
In Soweto, southwest of the South African economic capital, police were called shortly after midnight. “When we arrived, we found 12 people dead with gunshot wounds,” said Nonhlanhla Kubheka, a local police officer. A dozen wounded were taken to hospital Read more
Mastercard names Adam Jones for the role of Country Manager for Saudi Arabia, Egypt, Jordan, Lebanon, Bahrain, and Iraq. Jones, the company said in a press release, will handle the digital payments firm’s operation. Jones will equally team up with Read more
Wihdat sports club, a handball team from Jordan announced Wednesday its withdrawal from an international handball competition in the United Arab Emirates because of the participation of an Israeli team, Middle East Monitor (MEMO) reports. “Officially, the Wihdat club announces Read more
The air forces of the US and Egypt have carried out a joint training exercise at a base in the North African country, strengthening military cooperation between the two countries, Arab News reports. The exercise involved a series of lectures Read more
The Saudi monarch King Salman issued a royal order approving an allocation of $5.32 billion (SR20 billion) to help citizens mitigate the impacts of rising global prices, Half of the allocated money will go to social insurance beneficiaries and the Read more
Dubai-based start-up YAP, which operates a digital banking app, has raised $41 million to fund its expansion in the Middle East, Africa and Pakistan, Zawya reports. The investors include Saudi Arabia’s Aljazira Capital alongside Abu Dawood Group, Astra Group and Read more