Egyptian credit platform Blnk raises $32 million
Blnk raises $23.7 million in equity and debt funding, and $8.3 million in securitized bond issuance to accelerate financial inclusion…
FinTech
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HP announces new leadership team in the Middle East
Peter Oganesean becomes the new Managing Director of HP Middle East HP announces new leaders in the Middle East and…
Saudi Arabia unveils open banking framework
Saudi Arabia's central bank has published an open banking framework, setting out legislation, regulatory guidelines and technical standards. The…
QIB introduces Samsung Wallet to customers
Qatar Islamic Bank has announced the launch of Samsung Wallet, a secure and easy-to-use mobile payment service for all QIB…
Open Finance platform Fintech Galaxy scores Central Bank of Bahrain license
Fintech Galaxy has become the first central bank regulated Open Finance platform in the MENA region after receiving a license…
Digital payments surge 34% to $8.5bln in Bahrain
Cashless payments are gaining wider traction in Bahrain, with the volume of point of sale (POS) transactions posting significant growth…
Binance CEO sees no threat to crypto from central banks' digital currencies
Plans by central banks to launch digital currencies are not a threat to other cryptocurrencies as they would validate blockchain…
Mashreq partners with FinIQ
Mashreq Bank has signed a strategic agreement with FinIQ, the Singapore-based capital markets technology provider, to streamline its Wealth Management…
How one UAE-based fintech is looking to process $200bln in trade finance
Access to finance is one of the biggest obstacles to business growth for small and medium enterprises (SMEs), according to…
Saudi Central Bank licenses new fintech company to provide e-wallet service
The Saudi Central Bank on Thursday announced the licensing of Smart Digital Payment company (Tiqmo), a new payment technology company,…
Saudi wealth fund launches $24bn tech fund
A sovereign wealth fund led by Saudi crown prince Mohammed Bin Salman has launched a $24bn investment fund targetting the…
ICM.com launches an investment opportunity in Empower IPO
ICM.com has announced it will be providing investors the chance to subscribe to Empower IPO - the world’s largest district…