03/21/2022
Finastra to Build Model Digital Bank for Union of Arab Banks
The model digital bank will also be designed to enable the fulfilment of several of the UN’s Sustainable Development Goals (SDGs).
FinTech
03/21/2022
Banque Misr, National Bank of Egypt, and Banque Du Caire lead investment in new fintech fund
Launch of ‘Nclude’ by Global Ventures to accelerate Egypt’s Fintech innovation.
03/21/2022
Arab Monetary Fund Names RippleNet As Potential Alternative to Central Bank Digital Currencies
If a CBDC is used outside of its jurisdiction successfully, this could lead to a local currency losing its function as a medium of exchange, unit of account, storage of value and eventually raises financial stability risks.
03/21/2022
Unit of Egypt’s largest bank invests in fintech
Worldwide, there has been rising interest in fintech and last-mile-delivery African startups to capitalize on the massive number of individuals without bank accounts in the continent.
03/21/2022
Dubai’s Shuaa Capital acquires controlling stake in fintech Souqalmal
This programme is currently offered by MAF, Careem, and Emirates Catering to their employees.
03/18/2022
IFC invests $5mln in Egypt fund to support fintech startups
The Cairo-based venture capital invests in fintech and fintech-enabled startups
03/17/2022
This is the year cryptocurrency will come of age in the Middle East
The exchange, which is backed by Al Waha partner funds VentureSouq and Middle East Venture Partners and 500 Startups, raised $110 million in a Series B round co-led by Kleiner Perkins and Paradigm, the largest crypto fund in the world.
03/17/2022
UAE billionaire Sajwani to invest $1bln in building data centres
Property tycoon to develop facilities in Europe, Asia, Africa, Middle East
03/17/2022
Irish fintechs go on display in Dubai
Enterprise Ireland is proactive in supporting its Fintech sector to thrive and be competitive globally.
03/17/2022
Mena economies can add up to $1.6tn over 30 years by fully digitalising: World Bank
The benefits of digital adoption will also lead to a surge in new jobs, lender says
03/16/2022
Saxo Bank launches new SaxoInvestor platform for GCC region
Platform offers access to Stocks, ETFs, Mutual Funds, Bonds, Cryptocurrencies and Managed Portfolios supported by a wealth of information and analysis
03/16/2022
Global FinTech funding rose 68% in 2021 on record deals, KPMG says
A total of 5,684 transactions worth $210bn were signed last year amid growing interest in subsectors such as payments and blockchain
03/16/2022
QCB studying digital currencies and digital banking: Official
In the next couple of months, there will be greater understanding about the future focus of QCB.
03/16/2022
Digital Financial Exchange launches new corporate identity and a first of its kind program from Dubai
IFX launched the “Nomination Program” which allows crypto traders to ensure their assets are secure and passed on to their beneficiaries in case of uncertain circumstances
03/16/2022
IBM bolsters investments in the MEA with the launch of Client Engineering
New Client Engineering teams will deliver an enhanced client experience focused on co-creation, technical eminence and speed
03/15/2022
Crypto exchange FTX wins licence, plans regional HQ in Dubai
The UAE is the third-largest crypto market in the region, trailing Turkey and Lebanon, according to data compiled by Chainalysis fas of June 2021.
03/15/2022
Capiter, QNB Alahli sign cooperation agreement
Negm said that the CBE seeks to reach a cashless society and transform Egypt into a regional centre for financial technology in Africa and the Arab world.
03/15/2022
Wizz Financial to introduce live digital payment platform in the UAE
Wizz Financial will partner with NPCI International Payments, the international arm of National Payments Corporation of India
03/14/2022
Russians Liquidating Crypto In UAE As They Seek Safe Havens
Crypto firms in UAE are deluged with requests to liquidate billions of dollars of virtual currency as Russians seek a safe haven for their fortunes
03/14/2022
Charting the growth of the regional fintech ecosystem
Saxo Bank MENA’s CEO Damian Hitchen talks about the region’s fintech space and the challenges faced by the financial sector