Dubai Fintech Hub Partners With Israel
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The normalization of relations between the UAE and Israel paved the way for billions of dollars of bilateral business opportunities.
January 07, 2021
In late November, Dubai-based DIFC FinTech Hive the biggest financial-innovation hub in the Middle East signed a milestone agreement with Israel’s Fintech-Aviv. Both entities will work hand-in-hand to facilitate the cross-border exchange of knowledge and business between Israel and the United Arab Emirates.
“Like Dubai, Israel is well-regarded for its approach to innovation and for embracing fintech, so it is important to collaborate now to share knowledge and develop the sector further,” said Raja Al Mazrouei, executive vice president of DIFC FinTech Hive, in a press statement.
Sight Diagnostics® Expands to the Gulf Region through a Distribution Partnership with Phoenix Capital
Sight Diagnostics, the company delivering lab-grade Complete Blood Count (CBC) results in minutes, announced a distribution partnership with Phoenix Capital to extend Sight’s footprint in the Middle East. Through the partnership, Sight will provide OLO analyzers – the company’s decentralized, lab-quality diagnostic technology – to medical centers across the Middle East to help providers make quick and informed treatment decisions.
Most outpatient clinics in the United Arab Emirates are currently operating mini-labs with legacy diagnostic technologies like flow cytometry, which require large, expensive machines that aren’t suited for point-of-care (POC) settings. As such, there is an increasing demand for modern POC diagnostics in the Middle East and Africa, with the market projected to reach $2.85 billion by 2024.