Saudi Telecom to form $500m venture capital fund
Saudi Arabia's largest telecommunications firm has announced that it will set up a $500-million venture capital fund to invest in…
FinTech
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The rise of the angel investor in the UAE
Tarek Ahmad is an optimist, which is just as well. As an angel investor who lost US$80,000 on his…
Digital leapfrogging: An opportunity for MENA
McKinsey research suggests the digital market could add $95 billion per year to the Middle East’s annual GDP by 2020…
Adopting new technologies could help banking customers, according to HSBC
The bank surveyed 12,019 people in the UK, US, Canada, France, Germany, Hong Kong, China, India, Mexico, Singapore and the…
Interest in digital banking offers major opportunities for Gulf banks
The market penetration of the internet in the United Arab Emirates and Kingdom of Saudi Arabia has opened up digital…
Creditbank offers combined credit and debit card
Creditbank, one of Lebanon’s leading and fastest growing banks, has partnered with Gemalto, a world leader in digital security and…
DFSA launches Innovation Testing Licence for FinTech Firms
The Dubai Financial Services Authority (DFSA) has today announced that it will allow financial technology (FinTech) firms to apply for…
NBO honoured with ‘Best Customer Relationship Manager Project’ award
National Bank of Oman has been recognised for its customer relationship management at the prestigious Asian Banker Technology Innovation Awards…
Mubadala commits $15bn to Softbank Vision Fund
Abu Dhabi-based Mubadala Investment Company has confirmed it has made a $15 billion commitment to the Softbank Vision Fund, a…
SICO Launches MENA-wide online trading platform
Securities & Investment Company (SICO), licenced by the Central Bank of Bahrain as a conventional wholesale bank, announced today the…
Bahrain’s New Fintech Fund to Invest in Indian Startups
Bahrain’s EDB sets up office in Mumbai to accelerate its fintech development program. Bahrain’s new fintech fund will invest…
Ex-Tandem CTO onboard for Dubai-based digital bank
The former CTO of UK challenger Tandem has joined forces with experienced execs from the more traditional banking sector to…