The Abu Dhabi Commercial Bank (ADCB) has been granted permission to open a subsidiary bank in the Republic of Kazakhstan, following approval by the country’s authority for the regulation and development of the financial market. ADCB will act as the sole shareholder of the subsidiary bank, according to a government announcement, offering banking services, including […]
Alaan, UAE-born corporate card and spend management platform, today announced the launch of ‘Alaan Sawa: Better together’, an initiative created to support UAE SME businesses. The initiative will support up to 1,000 businesses across the UAE, with a total commitment of AED 3 million in benefits. As businesses across the UAE continue to manage rising […]
NodeShift secured a significant investment from the Presight-Shorooq Fund I Abu Dhabi, UAE: Presight, a leading global AI company that designs and deploys intelligent systems for governments and critical infrastructure, and NodeShift, a sovereign AI company which was part of Presight’s inaugural AI Accelerator Program, have announced a strategic partnership that includes joint go-to-market collaboration and […]
Dubai, United Arab Emirates: Further to the announcement made on 28 November 2025 regarding the strategic partnership between RAKBANK and Network International (Network), the transaction has now successfully closed following all required approvals from the Central Bank of the UAE. As part of the partnership, Network will provide its state-of-the-art payment solutions to serve RAKBANK’s customers […]
Dubai, UAE: Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, has announced that International Securities LLC, the UAE based brokerage firm, is now live on Emirates NBD Pay using Visa’s Account Funding Transaction (AFT) model, which allows clients to fund their trading accounts through secure, card-to-account transfers, with […]
UAE-based credit scoring platform zypl.ai has raised $5.5 million in a bridge round led by Carbide Ventures and investors including Shukhrat Ibragimov, reaching an $80 million valuation. Funded in 2021 by Azizjon Azimi, zypl.ai develops synthetic data solutions for financial institutions, powered by its proprietary zGAN model, designed to improve AI decisioning under volatile market conditions. The […]
Dubai, United Arab Emirates | March 25, 2026: QBurst, a design-led digital engineering company powered by High AI-Q™, has appointed Shivkumar Subramaniam as Regional Head, Middle East, based in Dubai, UAE. The appointment underscores QBurst’s strategic commitment to building a locally-rooted presence in the Middle East and strengthening its ability to serve enterprises and governments […]
Bermuda, XBTO, a global leader in institutional digital asset solutions, today announced that it has secured commitments toward a capital raise of up to $217 million to support the next phase of its institutional digital assetplatform and business expansion. As part of this broader initiative, XBTO has entered into a strategic partnership with ValueLabs, a global […]
Bahrain: Binance Bahrain has announced a strategic partnership with Beyon Connect, enabling the integration of the Kingdom of Bahrain’s eKey 2.0 National Identity solution into the Binance Bahrain to enable secure digital verification of users when conducting transactions with Binance Bahrain . The collaboration marks a significant step in enhancing secure, seamless, and user-friendly digital […]
SINGAPORE, 25 March, 2026 – Ripple, the leading provider of blockchain-based enterprise solutions across traditional and digital finance, today announced its participation in BLOOM, an initiative by the Monetary Authority of Singapore (MAS). BLOOM – Borderless, Liquid, Open, Online, Multi-currency – is designed to extend settlement capabilities in tokenized bank liabilities and regulated stablecoins. Partnering with leading […]