The two solutions offer more flexible, convenient and faster payment options for customers across all federal entities. “Aani” enables secure, real-time fund transfers and payment settlements around the clock. Customers can make payments through “Aani” using a mobile number, Emirates ID, email address, QR code or bank account number “Jaywan” provides a secure and efficient […]
Cairo: Beltone Venture Capital has announced the successful partial exit from BirdNest, delivering a 3.5x return on invested capital and an 80% internal rate of return (IRR) over a two-year holding period. The partial exit was executed across Beltone Venture Capital’s direct stake and its indirect stake through the joint fund with UAE-based Citadel International Holdings, […]
Dubai, UAE: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, today announces updates to the Prescribed Company (PC) Regulations, which are designed to broaden the use of PCs, DIFC’s equivalent of Special Purpose Vehicles or SPVs. The updated PC Regulations significantly expand and simplify […]
HUMAIN has made a strategic investment in Saudi AI company MOZN, combining HUMAIN’s full AI stack with MOZN’s enterprise AI products and Forward Deployed Engineering expertise to accelerate secure, production-scale AI deployments for financial institutions as well as public sector organizations. This investment marks one of the first made through HUMAIN Ventures and represents HUMAIN’s […]
The National Bank of Bahrain (NBB) has officially launched its Multi-Currency Debit Card feature, a seamless, convenient, and accessible solution that empowers customers to manage and spend in multiple currencies directly through the NBB App. Available on Express Saver savings account debit cards, the feature enables account holders to link up to eight foreign currencies […]
By: Vibhor Mundhada, CEO NEOPAY For years, the payments industry has focused on one metric: speed. Faster authorisation, quicker settlements, frictionless checkout experiences, and instant Payments are becoming Conversations. In markets like the UAE, where digital payments have become part of everyday life, that race has largely been won. Customers can tap, scan, or […]
Egypt remains an important market for HSBC Emirates NBD Bank Corporate and Institutional Banking with strong growth potential Holdings plc (‘HSBC’ or ‘HSBC Group’) today announces that its indirect subsidiary, Bank Egypt S.A.E. (‘HSBC Egypt’), has entered into an agreement to sell its retail banking business to Emirates NBD Egypt (S.A.E) (‘Emirates NBD’), a direct […]
Abu Dhabi, UAE: The Registration Authority (RA) of ADGM, the international financial centre of Abu Dhabi, has activated the Broker Classification Framework, marking the next phase of its commitment to enhancing professionalism by recognising top-performing brokers and strengthening their role as key stakeholders within the ADGM real estate ecosystem. The framework recognises high-performing real estate brokers operating within […]
The App Will Transform How Residents and Travelers Discover, Book, Pay, and Access Tourism and Lifestyle Services Across Syria ‘My Syria’ Becomes the First App in Syria to Enable Cross-Border Digital Payments with Apple Pay, Google Pay and Major International Cards Ministry of Tourism Backs Private-Sector Innovation to Accelerate Syria’s Digital Tourism Transformation Damascus, Syrian […]
UAE-based Web3 rewards startup Bundle has emerged from stealth after securing $5.5 million in a pre-seed funding round led by Ethereal Ventures and Further Ventures, with participation from Nascent, GSR, Scenius Capital, Anchorage Digital, and Nuwa Capital. Founded by Bader Al Kalooti and Mostafa Wanas, Blockchain Bundle is developing a blockchain-powered rewards platform designed to […]