Dubai, UAE – March 9 – ZagTrader, a global financial technology company powering institutional and digital market infrastructure, today announced an expanded connectivity capability that enables crypto exchanges to access institutional crypto order flow through Bloomberg EMSX, one of the most widely used execution management environments in global capital markets. With this capability, ZagTrader enables […]
Orca Fraud has raised $2.35 million in seed funding to advance its real-time transaction monitoring and fraud intelligence capabilities across Africa and other emerging markets. The round was led by returning investor Norrsken22, with participation from OneDayYes, Enza Capital, and CV VC Africa. Founded by Thalia Pillay and Carla Wilby, the company has grown to process over $5 billion in monthly […]
Sharjah, UAE – Bank of Sharjah acted as Joint Lead Manager and Bookrunner in the successful issuance of a USD 600 million, five-year Sukuk for Omniyat Holdings, alongside other international and regional financial institutions. The transaction witnessed strong investor demand, with the order book reaching USD 1.8 billion, representing a three-times oversubscription. This robust participation reflects […]
ABU DHABI: The United Arab Emirates has consolidated its position as one of the world’s leading global and regional hubs in the e-commerce sector, benefiting from an integrated ecosystem that includes advanced logistics infrastructure, rapid digital transformation in government services, and a flexible regulatory environment that supports the digital economy. These factors have strengthened the […]
SoFi’s fully reserved U.S. dollar stablecoin will support settlement across the Mastercard network, including for SoFi Bank, N.A. Galileo, SoFi’s technology platform, will be among the first to offer its clients and their issuing banks the choice to settle transactions using SoFiUSD The Mastercard Multi-Token Network will look to support SoFiUSD, help expand interoperability between […]
In response to current regional developments, Gulf Bank has confirmed that its core banking systems and technical infrastructure are operating at full capacity, enabling both individual and corporate clients to conduct their transactions seamlessly and securely across all service channels, including its branch network and digital platforms. The Bank has activated its business continuity and […]
The Central Bank of Kuwait (CBK) confirms the banking sector’s high operational readiness and resilience, ensuring uninterrupted banking services across all circumstances. This comes in light of the Central Bank’s directives to local banks to strengthen risk management systems, enhance business continuity and emergency plans, upgrade digital infrastructure, and conduct regular simulation exercises covering various potential scenarios. […]
Saudi leads with a $77.2bln market, according to advisory firms DinarStandard and Elipses. The global Islamic fintech market is forecast to reach $341 billion by 2029, driven by rising appetite for digital assets and robust activity in the Middle East. The sector, valued at $198 billion in 2024/25 in terms of transaction volume, is poised […]
Abu Dhabi: H.E. Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates, affirmed that the UAE’s banking and financial sector continues to demonstrate the highest levels of resilience and stability. He noted that banks, financial institutions, and insurance companies across the country are operating normally and continue to deliver their services to […]
Manama, Bahrain – Investcorp, a global alternative investment firm, today announced that its GP staking arm, Investcorp Strategic Capital Group (ISCG), has closed on commitments of over $1.25 billion to Investcorp Strategic Capital Partners II and associated vehicles (together, “ISCP II”), inclusive of $1.1 billion of fund commitments and an additional $155 million of committed co-investment […]