Dubai, UAE: BitOasis, a CoinDCX company and one of the Middle East and North Africa’s pioneering regulated digital asset platforms, has appointed Jonathan Rigg as Chief Executive Officer, succeeding co-founder Ola Doudin, who has led the company since its founding in 2016. The leadership transition marks a new phase for BitOasis as the company looks […]
Kuwait-founded enterprise technology company COFE Tech, formerly known as COFE App, has closed a pre-IPO funding round at a $178 million valuation, as the company accelerates its expansion across the Middle East and North Africa (MENA) and prepares for a potential listing on the Saudi Exchange by 2029. The funding round was co-led by Wa’ed […]
Dubai, United Arab Emirates, 2 September, 2026 – GRT Capital Management Limited (“GRT”) today announced the launch of its office in Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, marking a significant milestone in the global expansion of the asset management firm. Regulated by […]
Abu Dhabi, United Arab Emirates: Vision Bank, the Abu Dhabi Global Markets (ADGM)-headquartered Islamic bank founded and wholly owned by GII Group, has announced the launch of its SME financing proposition, marking a significant step in the Bank’s strategy to support modern businesses with solutions built around how companies operate, trade and grow. The GII Group […]
Abu Dhabi: First Abu Dhabi Bank (FAB), the UAE’s global bank and one of the world’s largest and safest financial institutions, has successfully completed live USD transactions at scale as part of Swift’s Ledger Minimum Viable Product (MVP), using tokenized deposits and Swift smart contract settlements to enable 24/7 cross-border payments. Completed bilaterally with Citi, the […]
New unified fraud score is the company’s first combined offering in-market since Visa’s acquisition of Featurespace A2A Protect has been shown to reduce over 50% more fraud and help reduce over 40% in unnecessary fraud alerts SAN FRANCISCO — Visa (NYSE: V), a world leader in digital payments, today announced an enhanced version of A2A […]
Dubai-founded fitness technology company Enhance has raised $18.2 million in equity and venture debt as it accelerates the expansion of its personal-training software platform in the United States. The latest financing includes equity from Global Ventures and venture debt from Stride Ventures, although the company has not disclosed the allocation between the two forms of […]
New venture capital arm backs Saudi and global AI companies across enterprise AI, cybersecurity, computer vision, healthtech, fintech and retail technology, supporting Saudi companies with global ambitions while helping international companies establish and scale from the Kingdom Blossom Accelerator, a Saudi venture capital firm and innovation platform, today announced the launch of Blossom Capital, its […]
DUBAI, United Arab Emirates — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has expanded its Islamic Account with 20 additional Shariah-compliant trading pairs, the first batches that will bring the total number of new pairs to 100 this year. The newly added pairs include: NIGHT/USDT, XPL/USDT, SOMI/USDT, MON/USDT, IP/USDT, RECALL/USDT, CC/USDT, SEI/USDT, ZKC/USDT, ZORA/USDT, […]
Riyadh, Saudi Arabia: Saudi Arabia-based HUMAIN, a PIF company focused on delivering full-stack artificial intelligence capabilities globally, HUMAIN Invests in Arabic.AI has made a strategic investment in Arabic.AI as part of a partnership with Arabic.AI and its parent company Tarjama to expand Arabic and multilingual enterprise AI solutions across Saudi Arabia and international markets. The […]