United Arab Emirates tech ecosystem
Mastercard Gateway will process Tamatem Plus checkouts in more than 13 markets, starting with Saudi Arabia and the UAE. Players can use cards, local methods and telecom wallets. No fee or volume was disclosed.
Phoenix Venture Partners backed COFE Tech in an undisclosed deal completed earlier in 2026. The firm says it bought existing shares. A $178 million valuation belongs to a later pre-IPO round, not to this purchase.
Mazal has opened a Dubai app that holds a buyer’s money until the plate is transferred, and charges 5 percent. A launch auction of 10 lots raised Dh3.2 million. The Dh1.7 billion market figure is the company’s. No funding round was disclosed.
The World Bank put Saudi Arabia and the UAE in the world’s top 25 for model work and heavy computing, and first in the region on data-centre capacity. A jobs lift of up to 20 percent is a forecast. The report announced no new spending.
Huspy acquired Italian intermediary Integra Finance and said it will invest $86 million in Italy. The purchase price was not disclosed. Integra has more than 160 advisers. Italy is Huspy’s fourth market after the UAE, Spain and Saudi Arabia.
Dubai’s Amaani raised a $5 million Series A led by BECO Capital for AÏZA’s GCC push. Surge and Homegrown Ventures joined. Total funding is $8 million. A 9x H1 revenue jump is company-reported. Saudi Ulta doors are due at the end of September.
Mal is hiring UAE nationals from Abu Dhabi and will hold an open house on 19 October 2026 at Sky Tower, Al Reem Island. The firm has CBUAE in-principle approval and a $230 million seed. IPA is not a full banking licence.
CBUAE gave preliminary approval on 22 September 2026 for NBE to acquire Banque Misr’s UAE branches. Both banks are Egyptian state lenders. The notice is not a closed sale. No price or completion date was published with the joint statement.
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UAE-based Stone Venture led GENISOM AI’s Series B, described as several hundred million yuan, to push industrial robotics from Chinese sites to global yards. Unit counts are company-reported. No GCC customer contract was named with the round.