11/03/2022
Binance CEO sees no threat to crypto from central banks' digital currencies
Most major central banks are studying the potential launch of a digital version of their currencies, dubbed CBDC
FinTech
11/01/2022
Mashreq partners with FinIQ
To enhance client experience with an Integrated Wealth Management platform
11/01/2022
How one UAE-based fintech is looking to process $200bln in trade finance
Fintech startup Modifi has quadrupled its growth over the past two years by bridging the trade finance gap in the MENA region and around the world
10/31/2022
Saudi Central Bank licenses new fintech company to provide e-wallet service
This brings the total number of payment companies licensed by SAMA to 22
10/31/2022
Saudi wealth fund launches $24bn tech fund
The announcement was made at the Future Investment Initiative, a flagship event for the region's financial services industry.
10/31/2022
ICM.com launches an investment opportunity in Empower IPO
The world’s largest district cooling services provider
10/28/2022
UAE's central bank pilots cbank digital currencies transactions
Central banks around the world have been racing to develop CBDCs as they seek to provide an alternative to cryptocurrencies, but are grappling with technological complexities
10/27/2022
Meta gives tepid revenue forecast as ad weakness persists
In the third quarter, Meta posted revenue of $27.7bn, slightly beating analysts’ average estimate for $27.4bn
10/26/2022
WhatsApp services down for thousands of users
Outage detection portal DownDetector has confirmed that the messaging app is not working
10/25/2022
Dubai traces a digital path towards a smart future
The Digital Dubai initiative represents a vision to recreate the traditional top-bottom city management model into one that is representative and sustainable
10/24/2022
Egyptian fintech Telda lands $20m seed funding
The firm’s partnership with Mastercard also enables it to issue prepaid cards to its customers and facilitate transactions through Mastercard’s payment processing services. It has also partnered with Cairo’s Banque Du Caire and is regula
10/24/2022
Abu-Ghazaleh Global wins ‘Excellence in Supporting Digital Transformation in the Arab Region’ award
Presented by the World Union of Arab Bankers
10/21/2022
Lloyds Banking Group delivers its Innovation Sandbox
Will accelerate Lloyds Banking Groups’ collaboration with Fintechs and improve the digital products and services it offers to customers
10/20/2022
BisB launches corporate branding services for startups and SME’s
As part of the Bank’s strategic partnerships and collaborations with local universities
10/19/2022
G42 bolsters ecosystem with 15 strategic deals at Gitex Global
Deals with UAE and international firms underscore the power of collaboration
10/18/2022
UAE-based Wio Bank forms partnership with Stripe
Users can soon sign up on the Wio Business app, and be set up with a payment gateway to optimise payments within minutes.
10/18/2022
OneConnect launches SaaS solution OneCosmo, powered by Pismo, in the UAE
OneCosmo suite allows financial Institutions and fintechs in the region to build a wide range of digital banking capabilities, gaining flexibility and scalability
10/17/2022
DIB, MoI to implement a complete digital KYC journey
MoI Facial recognition project started in 2007 with a vision to develop a trusted and secure way to verify people identity remotely.
10/14/2022
Banque Saudi Fransi plans corporate venture capital fund
Rise of fintech sector in Saudi Arabia is pushing traditional banks to collaborate rather than compete with startups
10/14/2022
PwC Middle East signs with G42 to boost tech solutions
And launches digital twins focused paper at Ai everything x GITEX Global