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 […]
Abu Dhabi, UAE: CPX Holding, a leading provider of cutting-edge cyber and physical security solutions and services, today announced the acquisition of spiderSilk, a pioneering cyber-AI product company renowned for its proprietary AI-powered defensive technologies, including the flagship exposure management platform, Resonance. The acquisition combines CPX’s trusted end-to-end expertise in threat detection, analysis, and remediation with […]
May 8, 2025 – Emirates Petroleum Company PJSC (Emarat) and Crypto.com today announced an innovative partnership to enable cryptocurrency services at Emarat service stations via Crypto.com (subject to regulatory approval). Emarat is a pioneering petroleum company with more than 155 service stations across the UAE. With Crypto.com, merchants can utilize crypto and digital asset services as […]
Singapore — XWeave, a non-custodial cross-border payments platform leveraging stablecoins, has announced the close of its $3 million seed funding round. The round was led by Jungle Ventures through its First Cheque@Jungle program, along with Lightshift. The funding also saw follow-on investment from Menyala, a venture studio founded by Singaporean sovereign wealth fund Temasek, and new […]
Sharjah, UAE – Bank of Sharjah has announced a strong start to 2025, posting a net profit of AED 116 million for the first quarter ended March 31, 2025, marking a 45% increase compared to AED 80 million in Q1 2024. The solid performance follows the Bank’s remarkable turnaround in 2024 and reflects continued momentum driven […]