The Saudi Arabian Monetary Authority discovers the blockchain, the Qatar SportsTech Accelerator presents its cohort, and other news | The Middle East Weekly Roundup

▤ Summary

Shezlong, the Cairo-based mental health platform, raises investment from AAIC (Singapore), and angel investors. FlexxPay, Go Rise, Now Money, and Sarwa, raise investment from Dubai International Financial Centre (DIFC)’s USD 100 million fund created in 2019. This comes at an interesting time when Careem is pushing further their plans to become the region’s superapp by expanding the platform’s features. Saudi Arabian Monetary Authority (SAMA) begins testing blockchain for domestic transfers starting with the USD 13.3 billion bank-stimulus they announced last week. AGC Networks Limited, a UAE-based enterprise solutions integrator, acquires Fujisoft, and subsidiaries in the UAE.

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