Dubai: Deem Finance LLC (“Deem”), a Gargash Group company and a leading consumer finance provider regulated by the UAE Central Bank, has partnered with J.P. Morgan in a pioneering asset-backed securitization (ABS) to support its lending activities for consumers and SMEs. J.P. Morgan will be providing up to $400 million through a senior revolving facility backed […]
Dubai, UAE: Taranis Capital Ltd, an ethical, fintech-focused investment company, has secured a licence from the Dubai Financial Services Authority (DFSA), the independent regulator of financial services within Dubai International Financial Centre (DIFC). This milestone significantly strengthens the firm’s ability to expand its operations and deliver innovative financial solutions with confidence and integrity. At the same […]
Dubai, UAE: Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, has set a new benchmark by leading the way in transparency and accountability with the publication of its first independent Emirates NBD Group 2024 IFRS S1 and S2 report (“ISSB Report”) for the year ended 31 December 2024. […]
Doha, Qatar: Sadad, a leading company in online and electronic financial transactions offering multi payment solutions in Qatar, has announced its strategic collaboration with Mastercard to introduce a new digital payment gateway platform, powered by Mastercard Gateway. Through this partnership, Sadad will deploy state-of-the-art payment solutions to enhance the customer experience for its merchants in the […]
Abu Dhabi, UAE: Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE), has announced the readiness of the financial infrastructure for Jaywan, the UAE’s domestic card scheme, to be activated locally and globally. Jaywan is the first domestic card scheme to be launched in line with the UAE’s digital transformation strategy, […]
Dubai, UAE – Worldwide Cash Express, a leading Money Transfer Operator and subsidiary of Al Ansari Financial Services PJSC (DFM: ALANSARI), one of the leading integrated financial services groups in the UAE, is proud to announce its rebranding to Blue Remit. This strategic rebrand further strengthens the company’s position as a trusted and innovative global remittance provider, […]
Dubai – SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, has signed a Memorandum of Understanding (MoU) with Visa, a world leader in digital payments, to develop solutions aimed at supporting small and medium-sized enterprises (SMEs) across the Middle East and North Africa (MENA) region. A signing ceremony was held recently at the Visa Innovation […]
Dubai, UAE: Mastercard has entered a strategic alliance with Emirates NBD a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, to enhance the bank’s digital payment solutions. As part of the agreement, Emirates NBD will adopt Mastercard Gateway within the Emirates NBD Pay platform to support fast, seamless and secure transactions […]
In a significant move to enhance financial inclusion in the country, ABHI and TPL Corp Limited have officially launched ABHI Microfinance Bank, following the acquisition of FINCA Microfinance Bank. The strategic collaboration has received approvals from the State Bank of Pakistan (SBP) and the Competition Commission of Pakistan (CCP), marking a milestone in Pakistan’s evolving financial landscape. To commemorate the launch, ABHI and […]
Dubai, UAE; While venture capital funding contracted globally in 2024, three founders who turned their bootstrapped startup into a $350M exit are taking a contrarian approach. Today, UAE-based venture builder Disrupt.com announces a $100M commitment to build and back AI-first technology ventures globally. Founded by Aaqib Gadit, Uzair Gadit, and Umair Gadit – three university […]