Ripple’s RLUSD Stablecoin Approved for Use in the DIFC Dubai, UAE – 3 June – Ripple, the leader in enterprise blockchain and crypto solutions, today announced that its stablecoin, RLUSD, has been approved as a recognised crypto token by the Dubai Financial Services Authority (DFSA) for use within the Dubai International Financial Centre (DIFC). This approval […]
Dubai, United Arab Emirates: Standard Chartered announced today the launch of Beneficiary Validation of accounts domiciled in the UAE – a cutting edge solution designed to bolster client confidence and improve domestic payment processes across the UAE. Developed in partnership with the Central Bank of UAE, this innovative solution allows corporate clients to verify payee […]
The 2025 findings illustrate that UAE SMEs continue to build on the momentum of the resilience demonstrated in recent years. Dubai, United Arab Emirates – RAKBANK has released its latest SME Confidence Index, highlighting a promising outlook for the UAE’s Small & Medium Enterprise (SME) sector. Based on insights from over 1,200 UAE-based SMEs collected between […]
Manama, Kingdom of Bahrain: In a significant leap forward for digital finance, Mawarid Finance, in strategic collaboration with Arab Financial Services (AFS), the leading digital payments solutions provider and fintech enabler across the Middle East and Africa, has officially launched a comprehensive digital application poised to redefine credit card issuance and management. This pioneering initiative underscores […]
This marks a key milestone in Nayla’s mission to empower small and medium-sized enterprises (SMEs) in the Kingdom by offering ethical and Sharia-compliant financial services. Saudi-based Nayla Finance has announced that its micro-financing solutions platform has received Sharia certification from the Shariyah Review Bureau (SRB), a leading Sharia advisory firm licensed by the Central Bank of Bahrain. […]
The selling shareholder, whose name was not disclosed, is offering around 113 million shares at a price of $4.22 per share through an accelerated bookbuilding. DUBAI – First Abu Dhabi Bank (FAB), the UAE’s biggest bank by assets, is looking to raise around $480 million from a secondary share sale, the bookrunner for the deal […]
In a strategic move to bridge the financing gap for small and medium enterprises (SMEs) across the Arab world, the Arab Fund for Economic and Social Development, through its SME financing arm, Badir Fund, is investing in Shorooq’s Nahda Fund II, a Qualified Investor Fund registered with the FSRA ADGM. In a strategic move to […]
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has signed a strategic cooperation agreement with Bahrain Clear, a fully-owned subsidiary of Bahrain Bourse, to launch eIPO Service (electronic initial public offering service) on BenefitPay. This initiative marks a significant advancement in streamlining investor access to public share offerings on the […]
The awards celebrate excellence in banking innovation and digital transformation across the Middle East and Africa. Ajman Bank has been recognised as one of the winners at the prestigious MEA Finance Banking Technology Awards 2025, held on 8 May at the Armani Hotel, Burj Khalifa in Dubai. Now in its fifth year, the awards celebrate […]
With a 15.7% growth in more than 100 countries across 17 strategic sectors. During a recent media briefing organised by the company H.E. Abdulla Bin Touq Al Marri: Under the directives of its wise leadership, the UAE has adopted innovative strategies to enhance economic diversification, and Etihad Credit Insurance (ECI) plays a vital role in […]