Latest news with #Future100
ARN News Center
2 days ago
- Business
- ARN News Center
'UAE Future 50' spotlights high-potential Emirati startups
The UAE has unveiled a major initiative spotlighting 50 promising Emirati startups shaping the future economy. 'UAE Future 50' was launched in Dubai in the presence of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and the UAE's Deputy Prime Minister and Minister of Defence. It has been jointly developed by the Government Development and the Future Office along with the Ministry of Economy, The initiative highlights 50 Emirati-led startups operating in 15 future-focused sectors such as fintech, healthtech, space, cybersecurity, renewable energy and smart mobility. The goal is to accelerate innovation, diversify the national economy, and support a new generation of entrepreneurs driving progress across key industries. Sheikh Hamdan emphasised the UAE's commitment to creating a supportive environment for startups and innovators, aligning with the country's We the UAE 2031 vision. He praised Emirati entrepreneurs for their role in building a globally competitive economy and called for more young people to embrace entrepreneurship. 'UAE Future 50' builds on the success of the earlier Future 100 initiative, continuing efforts to recognise high-impact ventures and celebrate national talent. Hamdan bin Mohammed witnesses launch of the 'UAE Future 50' initiative. The initiative features 50 promising startups launched by Emirati entrepreneurs across 15 future-focused economic sectors that boost the diversification and resilience of the national economy. — Dubai Media Office (@DXBMediaOffice) May 28, 2025
Hi Dubai
2 days ago
- Business
- Hi Dubai
UAE Launches Future 50 Initiative to Boost Innovation and Economic Growth
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, has launched the 'UAE Future 50' initiative, spotlighting 50 cutting-edge Emirati startups driving the country's innovation and economic diversification efforts. The initiative, developed by the Government Development and the Future Office in collaboration with the Ministry of Economy, is part of the broader Riyada entrepreneurship ecosystem. It highlights ventures across 15 strategic sectors including fintech, healthtech, edtech, space, sustainability, smart mobility, and the creative industries. Sheikh Hamdan reaffirmed the UAE leadership's commitment to supporting national entrepreneurs and fostering a startup-friendly environment. He emphasized the role of Emirati innovators in shaping future industries and enhancing the UAE's global competitiveness, aligning with the long-term 'We the UAE 2031' vision. The launch event gathered government officials, business leaders, investors, and entrepreneurs, showcasing the selected startups and their contributions to the future economy. Emirati entrepreneur Faisal Belhoul delivered a keynote speech, underlining the importance of ambition, resilience, and innovation in entrepreneurship. Minister of State for Government Development and the Future Ohood bint Khalfan Al Roumi called the initiative a testament to the UAE's global leadership in future readiness. She highlighted its role in positioning national talent at the forefront of transformative sectors. Undersecretary of the Ministry of Economy Abdullah Al Saleh added that the initiative will accelerate sustainable economic growth by empowering local talent and supporting ventures with high potential. Building on the success of the Future 100 programme, UAE Future 50 aims to nurture a thriving innovation ecosystem and inspire a new generation of entrepreneurs, reinforcing the nation's vision for a diversified and future-ready economy. News Source: Emirates News Agency
Dubai Eye
2 days ago
- Business
- Dubai Eye
'UAE Future 50' spotlights high-potential Emirati startups
The UAE has unveiled a major initiative spotlighting 50 promising Emirati startups shaping the future economy. 'UAE Future 50' was launched in Dubai in the presence of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and the UAE's Deputy Prime Minister and Minister of Defence. It has been jointly developed by the Government Development and the Future Office along with the Ministry of Economy, The initiative highlights 50 Emirati-led startups operating in 15 future-focused sectors such as fintech, healthtech, space, cybersecurity, renewable energy and smart mobility. The goal is to accelerate innovation, diversify the national economy, and support a new generation of entrepreneurs driving progress across key industries. Sheikh Hamdan emphasised the UAE's commitment to creating a supportive environment for startups and innovators, aligning with the country's We the UAE 2031 vision. He praised Emirati entrepreneurs for their role in building a globally competitive economy and called for more young people to embrace entrepreneurship. 'UAE Future 50' builds on the success of the earlier Future 100 initiative, continuing efforts to recognise high-impact ventures and celebrate national talent. Hamdan bin Mohammed witnesses launch of the 'UAE Future 50' initiative. The initiative features 50 promising startups launched by Emirati entrepreneurs across 15 future-focused economic sectors that boost the diversification and resilience of the national economy. — Dubai Media Office (@DXBMediaOffice) May 28, 2025
TAG 91.1
2 days ago
- Business
- TAG 91.1
'UAE Future 50' spotlights high-potential Emirati startups
The UAE has unveiled a major initiative spotlighting 50 promising Emirati startups shaping the future economy. 'UAE Future 50' was launched in Dubai in the presence of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and the UAE's Deputy Prime Minister and Minister of Defence. It has been jointly developed by the Government Development and the Future Office along with the Ministry of Economy, The initiative highlights 50 Emirati-led startups operating in 15 future-focused sectors such as fintech, healthtech, space, cybersecurity, renewable energy and smart mobility. The goal is to accelerate innovation, diversify the national economy, and support a new generation of entrepreneurs driving progress across key industries. Sheikh Hamdan emphasised the UAE's commitment to creating a supportive environment for startups and innovators, aligning with the country's We the UAE 2031 vision. He praised Emirati entrepreneurs for their role in building a globally competitive economy and called for more young people to embrace entrepreneurship. 'UAE Future 50' builds on the success of the earlier Future 100 initiative, continuing efforts to recognise high-impact ventures and celebrate national talent. Hamdan bin Mohammed witnesses launch of the 'UAE Future 50' initiative. The initiative features 50 promising startups launched by Emirati entrepreneurs across 15 future-focused economic sectors that boost the diversification and resilience of the national economy. — Dubai Media Office (@DXBMediaOffice) May 28, 2025
Zawya
5 days ago
- Business
- Zawya
PayTabs Group achieves fintech dominance with its' Saudi built, AI-powered payment orchestration platform
Riyadh, Saudi Arabia: PayTabs Group, a Future 100 company and MENA's award-winning payment orchestration powerhouse, today announced the launch of its enhanced Artificial Intelligence (AI) powered payment orchestration platform. Engineered in Saudi Arabia over four months, the platform is set to cross SAR 325 billion in transaction processing shortly, cementing its role as a key driver of financial inclusion and innovation in the region. PayTabs' AI-powered payment orchestration platform marks a strategic alignment with Saudi Arabia's bold vision for global AI leadership. The recent US-Saudi AI investment collaboration highlights the Kingdom's commitment to positioning itself as a hub for AI-driven innovation, and PayTabs is setting the standard for AI adoption in financial technology across the region. PayTabs also launched the AI Payment Acceptance Booster project to minimize transaction declines and initiated a Data Warehouse project to deliver real-time financial insights and risk management as a service. A standout innovation of PayTabs custom built, AI orchestration layer, is the PayTabs Moderator Platform, designed exclusively for banks, financial institutions and large-scale corporations to help drive their efficiency. This transformative orchestration layer delivers unified control over the payment ecosystem through plug-and-play APIs, and secure local hosting in Saudi, ensuring unmatched efficiency, visibility, and compliance for the financial sector and other vital industries that drive the region's economy. PayTabs AI powered approach has made it the go-to partner for financial institutions looking to leverage AI to scale efficiently. In alignment with the Kingdom's strides in AI, including the recent launch of PIF-backed Humain, PayTabs has successfully empowered financial institutions and large corporates in North African markets like Morocco, GCC markets like United Arab Emirates and CIS countries like Azerbaijan. These institutions benefit from PayTabs scalable, AI-powered, Saudi built payment infrastructure, delivering smarter payment solutions, with technology that's easily scalable across emerging markets, positioning Saudi-built payment intelligence as a global value proposition. Abdulaziz Al Jouf, CEO & Founder of PayTabs Group, commented from Riyadh: ' The launch of our Saudi built, AI-powered payment orchestration platform represents a bold step forward, not just for PayTabs but for Saudi Arabia's vision of AI leadership. With scalable AI-powered infrastructure, PayTabs is poised to deliver Saudi technology across emerging markets, equipping businesses and financial institutions with the agility to compete globally. ' Since July 2024, PayTabs Group has been accelerating its journey to become an AI-enabled company, identifying and deploying AI across its product suite, regional operations, and internal processes. In Q1, the Group finalized a comprehensive AI strategy, launched an AI-driven CRM, integrated AI-powered customer support across key products, and introduced automated KYC/KYB onboarding. From fraud prevention and marketing to transaction monitoring and AI sales agents, AI is being embedded into nearly every function, reshaping how we operate across the group. This transformation is designed to boost internal efficiency and performance, while enabling scalable growth across PayTabs markets. As AI becomes integral to daily operations, teams are adapting, engineering is focused on AI-driven workflows, and support is evolving toward customer success and upselling. All departments are undergoing structured change management. PayTabs sees this transformation as part of a broader regional shift toward AI-first operations. By July 2025, PayTabs plans to expand its AI-powered services to over a million clients, fostering business growth in the digital economy. With IPO readiness and strategic expansion on the horizon, PayTabs is building a future-proof fintech enterprise for the AI era. About PayTabs PayTabs is a payments infrastructure company providing exceptional solutions that are simple, secure, and scalable to drive local commerce and power financial inclusion across the region. It was founded by Saudi entrepreneur Abdulaziz Al Jouf in 2014, with a vision to power every digital transaction in the region. Today PayTabs processes transactions in multiple currencies and markets, swiftly and securely. By providing the infrastructure for B2B payment solutions, including digital invoicing for businesses, QR code, social media payments, point of sale and switching platforms, PayTabs facilitates seamless e-commerce and social commerce solutions for merchants, super merchants, and governments. For over a decade, PayTabs has custom built and exported a full stack of game changing solutions. These include mobile applications, hospitality, governmental, education, airline, travel, transport, and biller solutions, to interlink the multi-billion-dollar enterprise market chain in the region. In 2021, PayTabs launched PT Touch, (MEPS FAST in Jordan) the first soft POS solution in the MENA market to transform smart phones into merchant point of sale terminals. In 2022, PayTabs made a leapfrog move by launching its home owned, globally validated unified payments and orchestration platform. PayTabs unified payment processing orchestration enables governments and large-scale originations to become independent payment platforms to serve their industries. In 2022, the company acquired social commerce platform Paymes to complement its existing retail portfolio. In early 2023, PayTabs received payment gateway certification from Saudi Payments and was later awarded MENA's Best Merchant Solution and the glowing recognition of Fintech Company of the year. In October 2024, PayTabs became the first in Arab World to be recognized as a top 100 Global Fintech Company, delivering payment technology designed and built in Saudi Arabia to the global fintech arena. PayTabs has dedicated offices in KSA and UAE and presence in other locales including Jordan, and Egypt. The company is an equal opportunities employer. More milestones on
