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CoinDCX’s Middle East arm BitOasis launches in Bahrain
Economic Times
·
2m ago
Medial
BitOasis, a crypto trading platform in the Middle East and North Africa, has launched operations in Bahrain after obtaining a license from the Central Bank of Bahrain. This move is part of CoinDCX's expansion strategy in the Gulf region, aiming for 1 million new users by 2026. BitOasis, acquired by CoinDCX in 2024, offers trading in 80+ virtual assets and has introduced premium services in Bahrain. The GCC market is predicted to grow significantly by 2033.
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Crypto exchange CoinDCX acquires Dubai's BitOasis
VCCircle
·
1y ago
Medial
Indian crypto exchange CoinDCX has acquired Dubai-based crypto platform BitOasis. The transaction value was not disclosed, but CoinDCX now owns the full share capital of BitOasis. The deal aims to strengthen BitOasis' position in the Middle East region and enhance its services. BitOasis provides broker-dealer services to qualified retail and institutional investors under its minimum viable product (MVP) operational licence, and it recently obtained a similar licence from the Central Bank of Bahrain. The acquisition aligns with the UAE's goal of becoming a global centre for the crypto industry.
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Wamda Capital, Pantera, others exit MENA crypto platform BitOasis
VCCircle
·
1y ago
Medial
Wamda Capital and Pantera Capital have exited their investment in BitOasis, a cryptocurrency platform based in the Middle East and North Africa. The strategic stake sale was made to an Indian digital assets platform, CoinDCX. The acquisition positions CoinDCX as a major player in the Middle Eastern and North African cryptocurrency market. BitOasis is known for providing a user-friendly platform for trading and storing cryptocurrencies in the region.
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Titan to acquire 67% stake in Gulf retailer Damas Jewellery for $283 million
Economic Times
·
18d ago
Medial
Titan Company Ltd, through its subsidiary Titan Holdings International FZCO, is purchasing a 67% stake in Damas LLC from Mannai Corporation for $283 million. This acquisition marks Titan's entry into the GCC region, expanding its presence in the UAE, Saudi Arabia, Qatar, Oman, Kuwait, and Bahrain. The deal is part of Titan's strategy to strengthen its jewelry business globally, leveraging Damas' established brand in the Middle East. Completion is subject to regulatory approvals.
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After US strike, Iran’s ‘all-out war’ warning puts US forces in Bahrain on edge: What comes next?
Economic Times
·
1m ago
Medial
The United States conducted airstrikes on Iranian nuclear sites, escalating tensions with Iran. In response, Iran threatened retaliation, targeting U.S. bases across the Gulf, including the strategically significant U.S. 5th Fleet in Bahrain. This escalation raises concerns over potential regional conflicts involving proxy warfare and global economic impacts, particularly if Iran blocks the Strait of Hormuz, a vital oil passage. The situation threatens security and stability in the Middle East and beyond.
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MENA Digest: Bahrain’s Sellou, Moroccan startup PayTic, others secure funding
VCCircle
·
3m ago
Medial
Early-stage startups in the Middle East and North Africa (MENA) region led fundraising activities recently. Notable companies include Moroccan fintech PayTic, securing $4 million for expansion in Africa, and Bahrain-based social commerce platform Sellou, raising seed funding for regional growth. Saudi AI startup STUCK? and UAE proptech Rentify also secured pre-seed investments. Additionally, Saudi B2B marketplace Sary merged with Bangladesh's ShopUp, forming SILQ Group and raising $110 million led by Sanabil Investments and Valar Ventures.
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Fintech firm Kiya.ai partners with Arab Financial Services to expand in middle east
Startup News FYI
·
1y ago
Medial
Fintech firm Kiya.ai has partnered with Arab Financial Services (AFS) to expand its presence in omnichannel banking, core-banking, regulatory technology, and metaverse solutions in the Middle East and North Africa. The partnership aims to enhance the banking and financial services industry by leveraging Kiya.ai's expertise in banking technologies like core banking and digital payments. Kiya.ai serves financial institutions globally, offering solutions in financial services, core banking, and risk and compliance. AFS, regulated by the Central Bank of Bahrain, provides digital payment services to over 60 clients in the region.
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Nazara’s NODWIN Gaming Partners Global Esports Federation To Fuel Expansion
Inc42
·
1y ago
Medial
NODWIN Gaming, the esports subsidiary of Nazara Technologies, has signed an agreement with the Global Esports Federation (GEF) to become the portfolio management company for emerging markets in South and Central Asia, Africa, the Middle East, and parts of Southeast Asia. With this deal, NODWIN Gaming has gained exclusive rights to create and market GEF-licensed esports events in over 20 countries, including India, Pakistan, Kazakhstan, and Bahrain. The company aims to expand globally and leverage its partnership with GEF to provide esports opportunities to youth in emerging markets.
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Riyadh Valley Company backs venture capital firm in second LP bet this year
VCCircle
·
11m ago
Medial
Riyadh Valley Company (RVC) has made its second limited partner-style investment this year by backing a Saudi Arabian venture capital fund. This move supports early-stage startups in the Middle East and North Africa region. RVC, the investment arm of King Saud University, has made a fund-of-funds commitment to Riyadh-based VC firm Raed.
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Singapore VC firm Antler gets LP cheque for Middle East, Africa fund
VCCircle
·
3m ago
Medial
Antler, a Singapore-based venture capital firm managing $4.7 billion in assets across 25 countries, has secured a limited partner from Jordan for its Middle East and North Africa-focused fund. This development follows Antler's expansion into the Middle East in 2023.
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CoinDCX elevates Mridul Gupta to founding partner
Entrackr
·
1y ago
Medial
Crypto exchange CoinDCX has elevated Mridul Gupta as its founding partner. In his new role, Gupta will be responsible for meeting the company’s growth goals, focusing on international expansion, building high-performance teams, and driving profitability. According to CoinDCX, Gupta will continue to be responsible for the India market, strengthening its product portfolio, marketing, partnerships, and operations to accelerate the firm’s strategic growth in India. He joined the platform in 2021 as its chief operating officer (COO) and has been instrumental in building compliant crypto investment & trading products. Prior to CoinDCX, he was the chief strategy officer at Pine Labs. He also had a stint at Stellaris Venture Partners, Goldman Sachs, his own startup and consulted multiple banks across India & South East Asia. Recently, CoinDCX has acquired BitOasis as they are planning to enter into the Middle East and North African market. Launched in 2018 by Sumit Gupta, CoinDCX is a cryptocurrency trading platform designed to facilitate cryptocurrency transactions. The company’s platform allows customers to trade multiple cryptocurrencies legally and withdraw funds to their bank account.
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