Dubai, United Arab Emirates: Mawarid Finance and Fimple have officially entered into a strategic agreement to deliver Banking as a Service (BaaS) capabilities through a modern, composable banking platform, marking a significant step forward in the region’s digital banking evolution. The announcement was made during the Mawarid Fintech Summit 2026, reinforcing both organizations’ shared commitment to […]
Positron AI has raised over USD 300mn and achieved unicorn status, reflecting strong global demand for its technology The expansion comes at a time when AI inference (real-world deployment of AI models) is becoming the dominant driver of compute demand globally Company’s strategic move positions DIFC as a gateway for advanced AI infrastructure “We are […]
The UAE’s telecom giant etisalat and retains a 37.53 per cent stake in Careem Technologies even after selling 12.5 per cent shares to Uber Technologies. Emirates Telecommunications Group Company PJSC (e&) on Monday announced that it has sold a 12.5 per cent stake in Careem Technologies to Uber Technologies in a $100 million (Dh367 million) […]
Global, May 26, 2026: Bitget, the world’s largest Universal Exchange, announced the launch of Reality, a licensed financial platform focused on tokenizing real-world assets (RWAs), connecting eligible global users with tokenized exposure to traditional financial assets through crypto-native ecosystems. Reality will bring tokenized US stocks and ETFs into Bitget’s broader trading ecosystem, giving users access to […]
The MOU establishes a framework for the two parties to jointly explore how stablecoin technology, which remains an emerging area of financial infrastructure, could complement Bahrain’s national payments ecosystem over time. MANAMA, Bahrain, SOLOWIN HOLDINGS (Nasdaq: AXG) (“AXG” or the “Company”) today announced that AX Coin Bahrain B.S.C. (C) (“AX Coin”), the Company’s stablecoin issuance entity […]
Emirates NBD has provided a loan facility of 367.3 million UAE dirhams ($100 million) to Luxembourg-based CPI Property Group (CPIPG) to meet deferred payments on its development portfolio in Dubai until 2027. The credit facility was secured against a portfolio of ultra-luxury residential units in the emirate, the Dubai-listed lender said in a statement. CPIPG […]
Kuwait: Kuwait International Bank (KIB) Group, through its investment arm KIB Invest, announced its participation as Joint Lead Manager in the successful issuance of a USD 1 billion Sukuk by the Islamic Development Bank (IsDB), one of the world’s highest-rated multilateral development institutions. This landmark issuance is considered a significant transaction in the international Islamic capital […]
Abu Dhabi: The UAE Cyber Security Council has partnered with QuantumGate on the national Crypto Discovery Tool (CDT), an Abu Dhabi-built solution that helps the country transition to quantum-safe security through comprehensive cryptographic discovery, inventory management, and continuous monitoring across critical national infrastructure. Customised to requirements set by the UAE National Cryptography Center, the tool marks […]
Emirates NBD Bank will start its mandatory open offer for up to 26 per cent of RBL Bank on June 1. Public shareholders can tender shares until June 12 under a cash offer priced at AED10.78 a share. Letter of Offer dated May 22 sets the base offer price at AED10.69 and adds AED0.09 a share […]
Manama, Kingdom of Bahrain – SINNAD, a pioneer provider of card processing and payment services in the MENA region and a subsidiary of The BENEFIT Company, announced the expansion of its strategic alliance with Gulf Bank Algeria. This milestone marks a significant step in advancing SINNAD’s regional growth strategy and strengthening its footprint across the Middle […]