Dubai, UAE—23 January 2025—DKK Digital FZE, based in the Dubai World Trade Centre, as a subsidiary of DKK, has successfully secured an in-principle approval from the Dubai Virtual Assets Regulatory Authority (VARA). This is an important milestone in DKK’s journey to becoming a regulated Virtual Asset Service Provider (VASP) in the UAE. Founded in England, DKK Partners […]
Ajman Government Media Office – His Highness Sheikh Ammar Bin Humaid Al Nuaimi, Crown Prince of Ajman, Chairman of the Executive Council, and Chairman of the Board of Directors of Ajman Bank, presided over the Ajman Bank Board of Directors meeting. The meeting was attended by Sheikh Rashid Bin Humaid Al Nuaimi, Chairman of the Municipality […]
UAE-based Al Hilal Bank, the Islamic banking subsidiary of Abu Dhabi Commercial Bank (ADCB) Group, has announced the appointment of Jamal Al Awadhi as its new CEO. Al Awadhi will spearhead the bank’s “ambitious growth trajectory” and drive its digital-first strategy. Al Awadhi initially joined Al Hilal Bank in May 2023 as deputy CEO. Prior […]
Dubai, UAE: Oraseya Capital, the investment arm of Dubai Integrated Economic Zones Authority (DIEZ), has been recognized as the most active investor by number of deals in the UAE for 2024, according to the UAE Venture Investment Report from MAGNiTT, the venture capital data platform. Oraseya Capital, which plays a pivotal role in supporting startups, […]
Dubai, UAE: Mastercard has initiated a collaboration with ruya, a new digital Islamic community bank in the UAE, to launch innovative debit and credit card products for individual and commercial customers. The global technology company in the payments industry has become ruya’s single scheme partner for all card issuance and beyond. The bank will also benefit […]
Dubai, UAE: Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region has won two prestigious recognitions at the 2024 awards by The Banker, namely ‘Bank of the Year in the UAE 2024’ and ‘Best Private Bank in the UAE’. Emirates NBD was awarded the title of ‘Bank of the […]
Abu Dhabi, UAE: Abu Dhabi Islamic Bank (ADIB), a leading financial institution in the UAE, has launched the region’s first personal finance management tool, the ADIB Money Management Tracker, in partnership with Lune, an Emirati fintech company. This innovative offering, is set to change how customers manage their personal finances, allowing them to gain more control […]
MoneyHash, the first and leading payment orchestration platform operating in the Middle East and Africa (MEA), has secured $5.2M in pre-A funding. Flourish Ventures – a global fintech investor behind industry leaders like Chime, Flutterwave, FairMoney, and Neon – led the round, adding to its portfolio of over 100 fintech startups. Additional investors include Saudi’s Vision Ventures, Arab Bank’s […]
Dubai, UAE — Ogram, a leading provider of flexible staffing solutions, has successfully secured a $3 million non-dilutive investment from Tenami Capital. This significant partnership will fuel the company’s expansion into Saudi Arabia, with a primary focus on retail and hospitality sectors, marking a pivotal step in their mission to revolutionize workforce management. The funding […]
January 21, 2025 – Hamilton, a groundbreaking protocol leveraging Bitcoin to tokenize Real-World Assets (RWAs), has successfully raised $1.7 million in a pre-seed funding round. The funding was led by DisrupTech Ventures, with participation from CMS, DeSpread, Hyperithm, Core Ventures, and several other prominent investors. Co-founded by Mohamed Elkasstawi and Ehab Zaghloul, Hamilton aims to […]