UAE Central Bank and Core42 to develop sovereign financial cloud infrastructure

UAE Central Bank and Core42 to develop sovereign financial cloud infrastructure

The UAE Central Bank and Abu Dhabi-based artificial intelligence company Core42 are to build a sovereign financial cloud services infrastructure. The UAE-based system is supported by “centralised, highly secure, dedicated and isolated infrastructure”, the central bank said in a statement on Wednesday. This will ensure data sovereignty, boost operational agility and provide protection against cyber threats, while […]

Abu Dhabi lines up first sovereign bond of 2026 with dual-tranche mandate

Abu Dhabi lines up first sovereign bond of 2026 with dual-tranche mandate

Source: Zawya Abu Dhabi has mandated banks for its first sovereign deal of 2026, a dual-tranche dollar-denominated benchmark issuance, with IPTs at UST+50 bps for the five-year bond, and UST+55bps for the 10-year. Abu Dhabi Commercial Bank, Bank of China, BofA Securities, BNP PARIBAS, Emirates NBD Capital, First Abu Dhabi Bank, Goldman Sachs International, HSBC, […]

Revolut Research Highlights Opportunity to Elevate Financial Wellbeing in the UAE

Revolut Research Highlights Opportunity to Elevate Financial Wellbeing in the UAE

New data shows residents are proactive “self-learners” and open to smarter tools to strengthen their financial wellbeing 46% of respondents report moderate to low confidence in managing their money Dubai, United Arab Emirates – [26 February, 2026] – New consumer research by YouGov for Revolut, the global fintech with over 70 million customers worldwide, suggests a […]

Syria's Ministry of Communications and Information Technology signs agreement with Visa

Syria’s Ministry of Communications and Information Technology signs agreement with Visa

San Francisco, United States – Syria’s Ministry of Communications and Information Technology (MOCT) and Visa, a global leader in digital payments, signed a cooperation agreement to support the country’s transformation and the development of a modern and inclusive digital economy. The agreement was signed at Visa’s headquarters in San Francisco, attended by His Excellency Abdulsalam Haykal, Minister […]

Rewa launches digital rent payments and rewards app across the UAE

Rewa launches digital rent payments and rewards app across the UAE

DUBAI, United Arab Emirates: Rewa has officially launched its digital rent payment and rewards app across the UAE, giving tenants a simpler way to pay rent and finally get something back from their largest recurring expense. The launch follows the successful close of Rewa’s seed funding round, backed by Qatar Development Bank, Plug and Play, Neocity […]

Bahrain’s BENEFIT launches Digital Direct Debit via Fawateer on BenefitPay

Bahrain’s BENEFIT launches Digital Direct Debit via Fawateer on BenefitPay

BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has announced the availability of the Digital Direct Debit service via “Fawateer” through its BenefitPay app. The launch marks a significant step forward in Bahrain’s ongoing digital payments transformation, offering a more advanced, secure, and efficient model for managing recurring financial […]

Berlin Fintech Payrails to Establish Middle East Headquarters at Dubai International Financial Centre (DIFC)

Berlin Fintech Payrails to Establish Middle East Headquarters at Dubai International Financial Centre (DIFC)

Dubai: Payrails, the financial operating system for global enterprises, today announced that it will set up its Middle East headquarters in Dubai, located in Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region. The move reinforces Payrails’ long-term commitment to supporting businesses across the Middle […]

AI Startup Angelic Intelligence Raises $15 Million Seed Funding, Targets Middle East Expansion

AI Startup Angelic Intelligence Raises $15 Million Seed Funding, Targets Middle East Expansion

Dubai: Artificial intelligence startup Angelic Intelligence, founded by entrepreneur and inventor Shekhar Natarajan, has secured $15 million in seed funding and is preparing for global expansion, with the Middle East identified as a priority growth market. The company develops an enterprise software platform designed to help organisations integrate artificial intelligence into existing systems while aligning automated decision-making with operational priorities, […]