Ruya Partners, a leading private credit investment firm in the GCC, is pleased to announce the closing of a $15 million (SAR 55 million) private credit investment in TruKKer Holding Limited, the largest digital freight and logistics platform across the Middle East, North Africa, and Central Asia. The transaction marks the sixth investment from Ruya Private […]
Dubai, United Arab Emirates – RAKBANK has successfully completed its first Additional Tier 1 (AT1) security issuance, raising USD 300 million. The perpetual securities have a no-call period of six years (PerpNC6) and carry a coupon rate of 6.625%. The issuance was met with strong investor demand, allowing RAKBANK to tighten pricing by 37.5 basis points. […]
MENA venture capital firm – which is backed by EU Pharmaceutical LPs – joins list of blue-chip shareholders. New world-class talent for BioSapien also revealed: technological, operational, and medical excellence to shape future of precision medicine Abu Dhabi, U.A.E – BioSapien (the “Company”), the pioneering biotech company behind MediChip™, a revolutionary localized cancer treatment platform – […]
Four-week program begins 20 October, led by world-class experts Dubai, UAE: Dubai Future Academy, an initiative of the Dubai Future Foundation (DFF), announces the opening of applications for the second edition of ‘FEEL: A Disruptive Futures Program’, designed to train local and global talent to navigate disruption and enhance future readiness. The program equips executives, entrepreneurs, policymakers, […]
Manama, Bahrain: The Central Bank of Bahrain (CBB) has reported a significant increase in financial institution licensing, with 16 new financial firms approved and 52 additional applications underway from early 2024 through mid-2025. This surge highlights Bahrain’s growing appeal as a destination for digital-first financial services, with nearly 75% of the 68 applications coming from international […]
Under the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, the DIFC Innovation Hub, home to the first and largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region, […]
As part of Gulf Bank of Kuwait long-term vision to enhance cybersecurity and in line with its strong commitment to protect its customers’ data and digital systems from potential threats and hackers, Gulf Bank has officially launched its Vulnerability Disclosure Program (VDP) and Bug Bounty programme. This program seeks to involve the cybersecurity community, comprising […]
Dubai, UAE: Mastercard and Octet Türkiye have entered a collaboration to address the growing cash management and installment payment needs of businesses in the MENA region. Through this alliance the two companies will launch a versatile solution capable of processing various corporate transactions with a focus on facilitating easy payments and collections with cards. According to […]
Liquify announces an oversubscribed $1.5m seed round to close the $120bn African Trade Finance gap Liquify is excited to officially announce the successful close of its $1.5 million (£1.1 million)equity seed round – plus several debt commitments – to supercharge its digital invoice financing marketplace across Sub-Saharan Africa. The round was led by Africa’s top early-stage […]
Dubai UAE: DeFi Technologies Inc. (the “Company” or “DeFi Technologies”) (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company bridging the gap between traditional capital markets and decentralized finance (“DeFi”), has announced its expansion in the GCC and MENA region with the registration of DEFI DMCC (certification no DMCC199558) with offices in Jumeirah Lake […]