Abu Dhabi, UAE: Klickl, the UAE-based Web3 financial platform, has announced a collaboration with IMKAN Properties, a leading global real estate master developer based in Abu Dhabi, to facilitate property purchases through cryptocurrency. This collaboration is set to revolutionize real estate transactions by introducing an innovative financial model that will elevate the home-buying experience for regional […]
Dubai, UAE: Myne, a groundbreaking wealth and asset tracking platform, has announced today that the company has raised US$ 2 million and has successfully closed its pre-seed funding round. The new investment round was led by Scene Holding, followed by Raz holding with participation from Plus VC, the most active VC in the MENA, Annex Investments, […]
Dubai, UAE – 03 February 2025: Etihad Credit Insurance (ECI), the UAE Federal export credit company, joined the KYC Blockchain Platform, marking a first for the insurance sector. Led by the Dubai Department of Economy and Tourism (DET), the initiative aims to improve ease of doing business, company KYC compliance, and customer data quality and enable […]
Qatar’s digital payments market is rapidly expanding, with the number of users projected to reach 2.87 million by 2028. February 03, 2025: BKN301 Group, a London-based Banking-as-a-Service technology provider dedicated to empowering the financial industry and operating in European and MENA markets, has designated its Qatar office as the company’s regional headquarters for the MENA region, […]
The Commercial Bank of Dubai (CBD) logged net profits after tax worth AED 3.02 billion in 2024, marking an annual increase of 14.30% from AED 2.65 billion. Total operating income jumped by 11.20% year-on-year (YoY) to AED 5.49 billion as of 31 December 2024 period from AED 4.93 billion, according to the consolidated interim financial […]
DUBAI: Mashreq Bank’s net profit rose to AED9 billion in 2024, an increase of about 4 percent compared to 2023, after paying taxes worth AED869 million. Net Profit Before Tax reached AED9.9 billion, representing a 12 percent increase in 2024. Mashreq achieved AED 13.4 billion in revenue, representing a 24 percent increase year-on-year (YoY) and […]
Dubai, United Arab Emirates: Newgen Software, a global leader in AI-enabled digital transformation solutions, has announced a partnership with AJIL Financial Services Company (AJIL), a prominent financing company in Saudi Arabia. As AJIL’s digital transformation partner, Newgen will provide its flagship Low-Code Platform and Shariah-compliant financing solutions to streamline its offerings, including Murabaha, Ijarah, and other […]
Dubai, UAE – Rasmal Ventures, in collaboration with Deniz Ventures, the corporate venture capital arm of Emirates NBD Group, has announced a strategic $7.6 million investment in TeamSec, the world’s first AI-powered Securitization-as-a-Service platform. This funding aims to accelerate TeamSec’s expansion across the MENA region and revolutionize the securitization industry with cutting-edge financial technology. TeamSec […]
Funding Led by Iwan Ventures to Expand ChatBerry’s Presence in the Middle East with AI-Powered Shopping Technologies via WhatsApp Riyadh, Saudi Arabia – ChatBerry, a rising SaaS player in MENA’s fast-growing conversational commerce market, has successfully raised SAR 1 million in a pre-seed funding round. The investment was led by Iwan Ventures, a Riyadh-based venture […]
Emirates NBD’s profit before tax climbed to a record AED 27.1 billion in 2024 as it expanded its regional presence and enhanced its Wealth Management franchise. Income grew to over AED 44 billion in 2024 with the Group’s strategic investment in digital banking and branch network, generating significant new revenue streams. All business units achieved […]