New Bahrain-based $60mln MENA VC fund sees post-COVID tech wave
A new Bahrain-based $60 million venture capital fund aims to invest in 120 early-stage start-ups across Arabic-speaking MENA countries, banking…
FinTech
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State Street and SimCorp Announce Intended Business Partnership, with Front-to-Back Investment Outsourcing Solution for EMEA Insurers
State Street Corporation and SimCorp has announced their intent to form a business partnership to provide a premier, fully integrated,…
Emirates Development Bank launches supply chain finance platform to help UAE businesses
Emirates Development Bank launched a National Supply Chain Finance platform on Sunday to help the country’s businesses and SMEs gain…
The Egyptian Central Bank establishes a company to transfer funds and…
The Central Bank of Egypt announced the establishment and launch of the “EgyCash Technology Solutions for Cash Transactions”, which specializes…
Dubai based Fintech Rise Launches New Platform for Affordable Remittance or Cross-Border Payments
Dubai-based Fintech firm Rise has launched a new platform that allows expatriate workers to make low-cost or affordable remittance payments.…
SMEs, COVID-19 and impact investment for digitalization
“COVID-19 has put a lot of strain on our society and on economies around the globe. To help small…
Fintech Saudi launches accelerator program
As part of its ongoing commitment to supporting Saudi Arabia’s fintech industry, Fintech Saudi has launched the Fintech Accelerator, a…
Infibeam Avenues inks deal with Oman’s Bank Dhofar for online payments
Under the agreement, Infibeam Avenues, through its digital payment solution, CCAvenue Payment Gateway Service will process online card transactions of…
BIS Innovation Hub and Saudi G20 Presidency announce TechSprint winners
Three winners of hackathon-style competition to highlight the potential of technology for regulators and supervisors announced. Winning firms FNA, Tookitaki…
Leading Jordanian Bank Drives Digital Banking Growth with Temenos
Jordan Ahli Bank goes live with Temenos Infinity to create new digital customer experiences and support instant onboarding; Rapid development…
UAE gets a peer-to-peer payments app that lets you split bills with friends
When Leen Shami had to pay her share of the bill for a joint lunch order at the office, she…
E-Commerce Platform Noon to Partner With Mashreq Bank to Transform Online Shopping in UAE
The joint venture will combine Mashreq’s digital banking capabilities and noon’s e-commerce platform in the regional market, ensuring that customers…