In Q2 2025, net profit attributable to shareholders soared to $44.2 million, marking an 8% increase from $41 million during the same period last year. This strong performance was strategically powered by diversifying income sources and reducing reliance on net interest income, achieved through offering value-added, differentiated products and services across the Bank’s business lines. The […]
Standard Chartered announced today the launch of its direct custody services in Egypt, further expanding its global post-trade offering across the Middle East and North Africa (MENA). This important milestone builds on the successful rollout of its direct custody services in the Kingdom of Saudi Arabia earlier this year and reflects the Bank’s broader strategy […]
Dubai-based Coraly.ai, formerly known as Coralytics, has secured $2 million in pre-seed funding to accelerate product development and expand into new markets. The round was led by Salica Oryx Fund, a MENA-focused early-stage investment vehicle managed by Salica Investments, with participation from EQ2 Ventures and a group of strategic angel investors. Coraly.ai offers an AI […]
In just four months, the bank implemented Finastra Corporate Channels and upgraded to the latest version of Finastra Trade Innovation. Dubai, UAE – Finastra, a global leader in financial services software, announced that AlRayan Bank, one of Qatar’s largest Islamic banks with an international footprint, has successfully gone live with Finastra Corporate Channels, enhancing and […]
The awards recognise the most innovative banks across the world for their digital banking initiatives that demonstrate creativity, measurable impact, and set new benchmarks for the fintech industry. The Banker magazine, owned by the Financial Times and based in London, named Arab Bank the “Middle East winner” at The Banker’s Technology Awards 2025, a recognition […]
Aquanow, a leading global digital asset infrastructure provider, has entered into a strategic partnership with SGB, a fully licensed digital bank regulated by the Central Bank of Bahrain (CBB), to make fiat banking services more accessible to institutional and enterprise participants in the digital asset space. Backed by Bahrain’s sovereign wealth fund Mumtalakat and Singapore’s […]
Ant International signs Memorandum of Understanding (MoU) with Abu Dhabi Investment Office (ADIO) to collaborate on local financial technology innovation. Strategic partnership aims to strengthen Abu Dhabi’s position as the Capital of Capital by expanding the emirate’s digital financial infrastructure and accelerating cross-border fintech innovation Abu Dhabi, UAE – The Abu Dhabi Investment Office (ADIO) has signed […]
The partnership will combine Brikyland’s blockchain-enabled asset management expertise with Inovartic’s investment network in the UAE. Abu Dhabi, UAE – Brikyland Technologies and Inovartic Investment have signed a Joint Venture Agreement to establish Brikyland Technologies UAE, accelerating Real-World Asset (RWA) tokenization initiatives under Abu Dhabi Global Market (ADGM) regulation. The partnership will combine Brikyland’s blockchain-enabled asset […]
Sellers can tap rental platform’s thousands of global users Dubai, United Arab Emirates – MYCRANE Trading, a newly established crane sales, leasing and maintenance services provider, based in Jebel Ali Free Zone, Dubai, today announced the successful closing of a USD 50 million investment deal with a DIFC-based investment holding company. In partnership with MYCRANE, the first […]
Dubai, UAE – In a major step towards advancing the UAE’s digital economy, Zand Bank has announced that it now fully supports AANI, the country’s Instant Payment Platform under the National Payment Systems Strategy. The move gives Zand’s clients access to modern, user-centric payment solutions that are fast, reliable, inclusive, and secure — aligning with […]