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 […]
This decision was taken following the US Federal Reserve’s announcement today to keep the Interest Rate on Reserve Balances (IORB) unchanged. Abu Dhabi: The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 4.40%. This decision was taken following the US Federal Reserve’s announcement […]
Kamco Invest, a regional non-banking financial powerhouse with one of the largest AUMs in the region, today (July 28) announced that its private equity team has acquired a stake in Foodics, a leading cloud-based technology and payments platform for restaurants in the Mena region. Foodics was established in 2014 and supports more than 33,000 restaurants […]
Ajman, United Arab Emirates: Ajman Bank, one of the leading Shariah-compliant banks in the UAE, has partnered with MENSA Technologies, an innovative fintech company, in a strategic alliance aimed at enhancing the delivery of Wage Protection System (WPS) services across the region. This collaboration combines Ajman Bank’s robust banking infrastructure with MENSA Technologies’ agile digital payroll […]
The Qatar Investment Authority is a first-time investor in Artbio. The Qatar Investment Authority (QIA) has emerged as a key investor in a $132 million Series B funding round for Artbio, a clinical-stage radiopharmaceutical biotech company. This marks the Qatari sovereign wealth fund’s first investment in the US-headquartered firm, which is pioneering a new class […]
Clients will now be able to trade actual assets continuously from Monday 12:00 to Saturday 04:00 (GST), covering pre-market, main session, after-market and overnight hours. Dubai, United Arab Emirates: Trading and investment platform eToro, today announced an upgraded 24/5 trading experience for all clients outside the United States. For retail investors in the UAE, this update opens […]
Reaffirms a shared commitment to pioneering innovation, setting an elevated benchmark for digital banking experiences across Oman. Muscat: Arab Financial Services (AFS), the Middle East and Africa’s premier digital payment solutions provider and fintech enabler, today announced a significant expansion of its enduring strategic partnership with Oman Arab Bank (OAB). This expansion reaffirms a shared […]