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FinTech

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

03/14/2022

Binance gets first Gulf crypto licence from Bahrain

The world's largest cryptocurrency exchange will be able to provide crypto-asset trading, custodial services and portfolio management to customers

03/13/2022

Masdar, Mashreq to progress UAE SME, start-up ecosystem

This will include easy access to NeoBiz, the bank’s first digital banking platform designed specifically for start-ups and SMEs

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