DUBAI, UNITED ARAB EMIRATES – Amwal Capital Partners, an independent alternative investment firm with offices in Dubai and Riyadh, today announced the successful launch and first close of its Shariah-compliant financing fund. The fund is designed to address the rising demand for ethical, Shariah-compliant financing solutions from investors, and flexible capital for small and medium-sized enterprises […]
In a significant step toward bridging the gap between traditional finance and the digital asset economy, Mbank provides AED Escrow Account Services to Changer.ae clients enabling secure and regulated dirham to crypto conversions and trades executed at the Changer.ae platform. Through this service, customers can safely utilize a Dirham escrow account powered by Al Maryah […]
HE Dr Thani Al Zeyoudi: “This collaboration demonstrates the power of the NextGen FDI program and underscores our commitment to fostering an innovative ecosystem.” Dubai, UAE: AqlanX, a UAE-based artificial intelligence company, today announced a US$10 million investment from Lakeba Group through their venture DoxAI, marking a significant milestone in the region’s digital transformation journey. The […]
Backed by over $1 billion in initial equity commitments; targeting $10 billion in liabilities AI-native approach at the core of the reinsurance platform to enhance data and market analytics, and optimize capital efficiency Enabled by a strategic partnership with BlackRock, who will deliver best-in-class asset management, advisory and technology capabilities Lunate will also be a partner, […]
Source: Zawya Of this, the value of transfers executed by banks during the first two months of this year amounted to AED2.093 trillion. Banking operations statistics released by the Central Bank of the UAE (CBUAE) showed that the value of transfers executed within the country’s banking sector through the UAE Funds Transfer System (UAEFTS) rose […]
Partnership offers significant benefits, including free annual Ignyte memberships, exclusive plan discounts, and a collaboration on the Ignyte challenge to solve real-world problems for small businesses to accelerate SME growth in alignment with the UAE’s vision for a sustainable, innovative economy. Dubai, UAE: du, the leading telecom and digital services provider, today announced its strategic partnership […]
Tech-led commercial interior design and build startup Flipspaces has secured USD 35 million in a fresh funding round comprising a mix of primary and secondary capital. The round was led by Iron Pillar, with continued backing from Prudent Investment Managers and new participation from Synergy Capital. Founded in 2015 by Kunal Sharma, Ankur Muchhal, Vikash […]
Dubai, United Arab Emirates – In a landmark move for ethical finance and fintech advancement, O Gold, the UAE’s leading digital gold investment platform, has partnered with Mawarid Finance, a premier UAE-based Shariah-compliant financial institution established in 2006, to jointly develop and launch the region’s first Shariah-compliant prepaid card backed by physical gold. Founded to democratize […]
Dubai, UAE: Salik Company PJSC (Salik), the exclusive toll gate operator of the Emirate of Dubai, has announced the signing of a Memorandum of Understanding (MoU) with ENOC Group, a leading integrated global energy player, to develop smart and seamless payment solutions that enhance the customer experience at ENOC service stations. The Memorandum of Understanding (MoU) […]
Dubai, UAE: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has announced the launch of its new Business Banking Diamond account. The account is a premium and bespoke offering crafted to deliver a superlative banking experience for the sophisticated financial needs of high-value Small and Medium Enterprises (SMEs) and established businesses. The launch was […]