Search results for MENA
AI & Enterprise
42Maru targets Saudi AI market through Kosmes support program
Agentic AI startup 42Maru said on Aug. 31 it will pursue entry into Saudi Arabia and the Middle East and North Africa market through a programme run by the Korea SMEs and Startups Agency. The initiative supports Korean SMEs in building local partnerships in fields such as AI. 42Maru plans to supply its LLM42 model and RAG42 solution via on-premise and private-cloud deployments and to combine agentic AI functions for document review and workflow automation.
Crypto
Bitcoin buying detected targeting $88,000 despite war fears
Bitcoin showed short-term weakness as geopolitical risks revived risk-off sentiment across global markets, but analysts said market supply-demand and technical indicators still point to a rebound. Strategy expanded its holdings and estimates suggest additional demand this week. U.S.-listed spot bitcoin ETFs posted strong net inflows. Analysts cited continued purchases, supply absorption and oversold signals as limiting downside risk, while rising mining stocks and a higher S&P 500 supported risk appetite.
Crypto
Bybit continues Middle East expansion despite regional tensions
Cryptocurrency exchange Bybit is accelerating its expansion in the Middle East and North Africa (MENA) market and has appointed Derek Dai as a new country manager, Cointelegraph reported on Sunday. Attention has focused on the UAE-headquartered exchange as regional tensions rise. Bybit co-CEO Helen Liu said some companies are cutting exposure to the Gulf region, while Bybit is increasing investment. Bybit plans to strengthen its local presence through expanding dirham trading and other initiatives.