Startups

Eros Investments, India’s investment company, has partnered with Dubai’s Virtual Asset Regulatory Authority (VARA). It plans to fund and support more than media, art, and entertainment 100 startups by 2025. Eros Investments, run by India’s Lulla family, plans to develop Web3 and blockchain businesses out of Dubai as part of a partnership deal to operate…

AYMBot, a fully-automated, algorithmic, Bitcoin-trading bot developed in Jordan, aims to revolutionize the way people generate wealth from cryptocurrency, according to its creator. AYMBot was designed to tackle the main issues and challenges associated with Bitcoin and cryptocurrency trading, including volatility and accessibility, CEO Ahmad Alsharqatli told Arab News. “The problem with crypto, that people…

Lebanese-Canadian ex-pat resident Rayan Najdi, 29, relaunched his business in the UAE in 2020 after an economic collapse at home forced him to look for an alternative. A personal story about a former electrical design engineer who now designs online courses for students in the UAE, published on Gulf News. ‘Cost efficiency is a mentality…

Mani Thawani, a Spanish entrepreneur, aims to lead the mass crypto adoption movement in Dubai. His company Blockmatica now oversees five crypto-related businesses, including the TV reality show ‘Block Talent’ and a metaverse project. As Khaleej Times reported, Thawani’s holding company Blockmatica Group has already executed exciting projects, such as ‘Block Talent,’ a funding incubator…

UAE-based global digital asset gateway Fasset has announced its expansion to the European Union market after securing authorization for crypto operations in the EU. The startup aims to strengthen its global outreach to serve the growing digital asset sector in the EU market. Recently, Fasset separately secured three full authorizations from the Labuan Financial Services…

Fasset, a crypto-asset gateway oriented to the Islamic world, is planning a major expansion, seeking to boost the adoption of cryptocurrencies in Indonesia and Pakistan, where it is still viewed with suspicion. The firm closed a $22 million Series A funding round led by Liberty City Ventures and Fatima Gobi Ventures, as well as regional…