Businesses operating across Pakistan, Saudi Arabia, and the UAE know the frustration better than anyone. You land a client in Europe or the United States, you deliver the work, and then the payment process begins. Your Wise account gets flagged. Your Payoneer withdrawal is delayed or blocked entirely. You wait five days for a SWIFT […]
UAE: Network International (Network), a leading fintech company across the Middle East and Africa, has extended acceptance of ‘Jaywan’ — the UAE’s Domestic Card Scheme — to online payments, enabling cardholders to use Jaywan across Network’s e-commerce merchant network. Jaywan is the domestic card scheme, launched by Al Etihad Payments, a subsidiary of the Central Bank of the […]
Riyadh, Saudi Arabia – Saudi Venture Capital (SVC) has announced its investment in SEEDRA Ventures Fund II, a venture capital fund managed by SEEDRA Ventures, an entity licensed by the Capital Market Authority of Saudi Arabia. While sector-agnostic, the Fund is geared towards technology and tech-enabled startups, including Artificial Intelligence (AI), FinTech, and Proptech. The Fund primarily […]
These ratings place FAB at the top end of global bank credit quality, underpinned by strong standalone fundamentals. Abu Dhabi, First Abu Dhabi Bank (FAB), the UAE’s global bank, has reinforced its position as the highest-rated banking group in the MENA region and among the highest-rated globally, with AA- or equivalent ratings and stable outlooks […]
Nasdaq Dubai welcomed the listing of a $300 million Additional Tier 1 (AT1) Perpetual Sukuk issued by Ajman Bank marking the Bank’s first capital securities transaction. The $300 Million Additional Tier 1 Perpetual Non-Call 5.5-year Sukuk was structured under a Mudaraba arrangement and carried a profit rate of 6.50 per cent. The Additional Tier 1 […]
By Rishi Patel, Founder and CEO of Interpolitan Money. Recent disruption between Saudi Arabia and the UAE, and within the wider Middle East, shows why internationally active families and businesses need financial infrastructure built for a less predictable world. For an international business, a payment is rarely just a payment. It might release goods or […]
Dubai, UAE, July 2026: Tax Star, a UAE-based tax and compliance software company, has been named a pre-approved e-invoicing service provider by the UAE Ministry of Finance. The approval places Tax Star, among 42 companies nationwide cleared to help businesses meet the UAE’s new e-invoicing rules. This pre-approved status means the Ministry of Finance has […]
The integration establishes mutual market access, allowing investors from across the Middle East to trade different instruments on the BSE via local brokerages, and vice versa. The signing ceremony, held in Abu Dhabi, was attended by Neo Mooki. Chairperson of the Botswana Stock Exchange. Aobakwe Aupa Monyatsi, CEO of the Botswana Stock Exchange, and senior […]
SHARJAH, UAE – Bank of Sharjah reported a strong financial performance for the first half of 2026, posting a 35% year-on-year increase in net profit to AED 362 million, driven by robust revenue growth, higher net interest income, and disciplined cost management. The bank’s net operating income rose 26% to AED 553 million, while net […]
Dubai: Uber Technologies has agreed to acquire Germany’s Delivery Hero SE in a deal valuing the global food delivery company at about €12.9 billion ($14.8 billion), marking one of the biggest transactions in the food delivery sector as the industry continues to consolidate. Under the agreement announced on Thursday, Uber will pay €41.50 per share […]