January 3, 2025 Abu Dhabi, UAE – ADGM, the international financial centre of the UAE’s capital, has announced an updated fee schedule for obtaining and renewing an ADGM commercial licence. Effective from 1st January 2025, fee reductions of 50% or more apply to non-financial and retail businesses within the ADGM jurisdiction. This initiative aims to enhance […]
Abu Dhabi, UAE — The Authority of Social Contribution – Ma’an has entered into a strategic partnership with Hub71, Abu Dhabi’s global tech ecosystem, to champion social tech entrepreneurship and create enduring social impact in the emirate. The collaboration aims to bolster the growth of social tech startups by offering them access to resources, mentorship, […]
Riyadh, Saudi Arabia – Saudi Venture Capital (SVC) has announced its investment in Global Ventures III, an early-stage venture capital fund managed by the renowned UAE-based Global Ventures. With a fund size exceeding $150 million, the initiative aims to bolster technology and tech-enabled sectors across Saudi Arabia, the Middle East and North Africa (MENA), and […]
Mubadala and its subsidiaries deployed $29.2bln in 2024, up from $17.5bln invested in 2023. Date: January 1, 2025 DUBAI – Abu Dhabi’s Mubadala Investment Company accounted for about 20% of the almost $136.1 billion spent by sovereign wealth funds worldwide last year, overtaking Saudi Arabia’s wealth fund amid a surge in spending from Gulf countries. Mubadala […]
As a leader in the mortgage sector, Banque Misr offers a wide range of mortgage products through Central Bank initiatives and independently, catering to various customer segments both within Egypt and abroad. Date: January 1, 2025 Egypt – Banque Misr has announced a significant increase in its mortgage portfolio, which rose by approximately EGP 3bn in 2024, […]
Bitcoin surges over 120% and hits $100,000 milestone in 2024. Date: January 1, 2025 Bitcoin more than doubled in 2024 driven by the U.S. markets regulator’s approval for exchange-traded funds tied to its spot price, and optimism over easing regulatory hurdles with Donald Trump set to return to the White House. The world’s largest and […]
Date: January 1, 2025 Devsinc, one of Pakistan’s largest IT companies and a growing global force in technology innovation has announced a 100% acquisition of Alchemative Group, a leader in eCommerce and digital retail solutions. This acquisition marks a strategic step in Devsinc’s mission to deliver transformative technology solutions, strengthening its footprint across key markets, including Pakistan, […]
Islamabad: JazzCash, Pakistan’s leading fintech platform, has launched a Buy Now, Pay Later (BNPL) service, offering a convenient alternative to traditional credit cards. The service is initially available for retail purchases at Telemart, an electronics shopping platform, and the fashion brand EGO. It will soon expand to include leading brands such as MBasics, Alkaram, Dune London, and […]
Through the NBK Mobile Banking App, NBK customers can now effortlessly apply for a Visa Infinite Credit Card, seamlessly linking it to their Al Jawhara or Al Jawhara Savings Accounts. December 31, 2024 KUWAIT CITY: Demonstrating unwavering attention to the finer details of its customers’ needs and aiming to enhance their banking experience in ways […]
Empowering Customers with Enhanced Financial Freedom and Inclusion Dubai, UAE – December 30, 2024 – Al Ansari Financial Services PJSC (DFM: ALANSARI), one of the leading integrated financial services groups in the UAE and the parent of Al Ansari Exchange L.L.C., and Halan, the leading regional fintech company, are pleased to announce that they have […]