October 2024 – BuyPass.ai, a stealth-mode startup based in Pakistan, has successfully closed an angel funding round, setting the stage to reshape the eCommerce landscape across the GCC and Asia. The venture is founded by Muhammad Ammar Hassan, a former executive at OLX (Prosus) and Daraz (Alibaba International Digital Commerce Group), who brings over a decade of […]
Abu Dhabi, UAE – October 2024:First Abu Dhabi Bank (FAB), the UAE’s largest lender, posted a net profit of AED 4.46 billion ($1.2 billion) for the third quarter of 2024, marking a 5% year-on-year increase. This growth was driven by robust revenue expansion, which helped offset a sharp rise in impairment charges. The results exceeded […]
Dubai, UAE: NEO PAY has announced an exciting partnership with Qlub, a cutting-edge UAE-based fintech startup, aimed at revolutionizing the payment experience in the hospitality sector. This collaboration integrates NEO PAY’s advanced payment terminals with Qlub’s innovative technology, offering a seamless and efficient solution for both customers and merchants. The partnership is set to enhance […]
Johannesburg, South Africa: Visa has announced a strategic partnership with littlefish, an omni-channel platform that empowers financial institutions by offering a suite of business solutions tailored to support micro, small, and medium-sized enterprises (MSMEs) across Africa. This collaboration aims to streamline both in-store and online digital experiences for MSMEs through advanced business solutions and value-added […]
October 17, 2024 | Dubai, United Arab Emirates: Mastercard has partnered with noon Payments, one of the leading payment service providers in the Middle East and North Africa (MENA), to bring its innovative Payment Passkey Service to the region. The service will initially launch in the United Arab Emirates (UAE), with plans for a broader rollout across the […]
UAE, Dubai: e& UAE has announced an exciting new partnership with Visa to launch Smiles Card-Linked Offers, providing customers with even more opportunities to earn rewards through everyday transactions. Through this collaboration, customers can now seamlessly earn Smiles points by using their linked payment cards at participating partner merchants. This initiative aims to enhance customer […]
London, U.K., Cairo, Egypt – October 17, 2024 – Thunes, a leading global cross-border payment provider, today announced the expansion of its Direct Global Network into Egypt, offering enhanced mobile wallet and bank account payment capabilities. This move significantly strengthens Thunes’ Pay solutions, providing greater flexibility and speed for cross-border payments in one of the Middle […]
Dubai, UAE – October 2024: In a significant move to strengthen Dubai’s digital economy, the Dubai Department of Economy and Tourism (DET) has signed a strategic agreement with Network International, a leading enabler of digital commerce across the Middle East and Africa. The partnership, announced at GITEX Global 2024, is set to accelerate the growth […]
Doha, Qatar – October 17, 2024: Lesha Bank LLC (Public) (“Lesha Bank” or the “Bank”), a leading Shari’a-compliant investment bank, has announced robust financial results for the nine-month period ending September 30, 2024. The Bank reported a net profit of QAR 96.6 million, attributable to equity holders, marking a significant 45% increase compared to the […]
Dubai, October 17, 2024 — Emirates NBD, Dubai’s largest bank by assets, announced flat net profit for the third quarter of 2024, as an increase in net interest income was offset by higher impairment charges and investments aimed at driving future growth. For the July-to-September period, the bank posted a net profit of 5.2 billion […]