Abu Dhabi Commercial Bank reported net income of 2.57 billion dirhams ($699.7 million) for the second quarter on Monday, up 10.7% from the prior-year period, beating analyst expectations. Analysts had expected ADCB’s second-quarter profit at 2.33 billion dirhams, according to LSEG data. The bank reported a net profit of 2.32 billion dirhams in the quarter […]
Beirut, Lebanon – MyMonty has announced a strategic partnership with Mastercard to expand access to secure and convenient payment solutions for individuals and businesses across Lebanon. This collaboration aims to empower more people and enterprises to make payments easily and safely, supporting Lebanon’s growing shift towards digital financial services. By leveraging Mastercard’s global expertise and MyMonty’s […]
Dubai, UAE – Ottu, the Middle East’s leading Online Payment Management System (OPMS), proudly announces the signing of an integration partner agreement with Ellucian, the global leader in higher education technology solutions. The signing ceremony was held at Ellucian’s regional headquarters in Dubai, marking a strategic milestone in the advancement of digital payments within the education […]
Dubai, UAE – TikTok and Visa have announced a strategic collaboration to support small and medium-sized businesses (SMBs) across the United Arab Emirates, equipping them with tools, resources, and incentives to help them thrive in the digital economy. Starting 1st July 2025, SMBs that spend $250 on their TikTok campaign using a Visa Commercial card will […]
Bitcoin (BTC) has set a new all-time high of $ 122,266 on Monday morning. For those who haven’t been following BTC’s journey, the flagship currency has gained over $45,000 since dropping as low as $75,000 in early April. At around 9:00 a.m. UAE Time, BTC was up nearly 3 percent, reaching a high of $122,666. […]
Annual labour costs of a financial services tech hub in Bahrain are up to 24% more competitive than the GCC. Bahrain’s financial services sector is 85% more cost-effective in business and licensing fees than the GCC average Manama – Kingdom of Bahrain: Bahrain has been ranked as the most cost-competitive location to operate a financial services […]
Bahrain – Beyon Money Business, part of the leading Bahrain technology group Beyon, has signed a strategic partnership with Eazy Financial Services (EazyPay), a POS & online payment gateway acquirer and payment services provider in the kingdom licensed by the Central Bank of Bahrain. The collaboration will see the creation of a closed-loop payment ecosystem […]
Ripple, the leading provider of digital asset infrastructure for financial institutions, announced it has selected The Bank of New York Mellon Corporation (“BNY”) (NYSE: BK), a global financial services company, for the primary custody of Ripple USD (RLUSD) reserves. Ripple and BNY are jointly committed to paving the way for digital asset adoption at institutional […]
Fremont, CA/Abu Dhabi, United Arab Emirates: Water Harvesting Inc. (WaHa) announced the close of an $8 million Series A-1 financing and corporate reorganization. The round was led by Chairman Mike Phillips and Board member Christian Thirion, with participation from WaHa’s largest noteholders and investors including Berkeley Catalyst Fund, Anthropocene Institute, Vestafund, and Mitsui Mining & Smelting […]
Backed by strong global demand, Airalo is scaling its eSIM solutions and infrastructure to power the next generation of travel with borderless mobile access for consumers and businesses alike. LEWES, Del., – Airalo, the world’s first and largest eSIM provider, today announced a $220m investment led by new investor, CVC. The investment includes new growth capital […]