DFM’s total consolidated revenue increased by 191% to AED 888.9 million in the first half of 2025, driven by strong trading activity and diversified income streams and one-off income from the sale of an investment property. Total traded value grew by 77% year-on-year to AED 85 billion, with institutional investors accounting for 71% of activity. […]
Karachi, Pakistan – Kuickpay has announced a strategic partnership with Visa, the world leader in digital payments, to launch an innovative Business Payment Service Provider (BPSP) platform. This collaboration aims to modernize business-to-business (B2B) payments and invoice financing across Pakistan. The new platform is set to empower businesses in Pakistan by digitizing and optimizing their vendor payments, […]
Hami streamlines medical intake, analyzes clinical data and generates evidence-based recommendations for physicians, says firm Says Hami is currently in active deployment across multiple hospitals in Pakistan and will expand globally over the coming year ISLAMABAD: A US-based health tech firm founded by Pakistani American trauma surgeon Dr. Adil Haider announced on Tuesday it had […]
Anaconda, Inc., the company committed to advancing AI with open source at scale, today announced that it raised over $150M in a Series C funding round led by Insight Partners, with participation from Mubadala Capital. The company operates profitably with over $150M in annual recurring revenue (ARR) as of July 2025. This news comes on the heels […]
Manama, Kingdom of Bahrain: Khaleeji Bank, one of the leading Islamic Banks in the Kingdom of Bahrain, has recently announced an exclusive, limited time package of privileges for clients who apply to transfer their credit card balances to Khaleeji. Through this offer, Khaleeji will waive its profit for six months, reducing the profit rate to 0% […]
Qatar Central Bank (QCB) has granted Express Sandbox entry approval to Paywise LLC (Dibsy), which offers Open banking powered payment initiation services. In a post on the X platform, QCB stated that this step is in line with the Third Financial Sector Strategy, the FinTech Strategy, and the Bank’s broader efforts to develop and regulate […]
This landmark initiative represents a major step forward in building a strong, collaborative, and future-ready (re)insurance ecosystem. Abu Dhabi, UAE – In a groundbreaking move for the UAE’s financial and (re)insurance sectors, the first-ever (Re)insurance Association, has been officially launched within the ADGM, the international financial centre of Abu Dhabi. This landmark initiative represents a major […]
Dubai, United Arab Emirates – Confluent, Inc. (Nasdaq:CFLT), the data streaming pioneer, today announced a $200 million investment over the next three years to fuel the growth, reach, and impact of its global partner ecosystem. This commitment will expand opportunities for Confluent partners to make data streaming a strategic part of their businesses, opening new revenue […]
Abu Dhabi, United Arab Emirates, 31 July 2025 – Phoenix Group PLC (ADX: PHX), a pioneering global cryptocurrency, blockchain, and digital asset infrastructure company, today announced its Q2 2025 results, including formalizing a digital asset treasury valued at over $150 million. Q2 2025 Highlights: Strategic Treasury Launch: First ADX-listed company to formalize a $150M+ treasury […]
Mataa, a Libya-based e-commerce platform, announced the closing of its first Seed investment round, backed by a group of Libyan business angels. The funding marks a significant milestone in the startup’s journey to enhance digital commerce in Libya and the broader North African region. Speaking on the occasion, Mataa’s Founder and CEO Ibrahim Shuwehdi stated […]