UAE, Dubai – Visa (NYSE: V), a global leader in digital payments, today announced the renewal of its partnership with Dubai’s Museum of the Future. First established in 2022, the partnership reflects Visa’s commitment to curating distinctive and thoughtfully crafted experiences for tourists visiting Dubai. As part of the renewed partnership, Visa will leverage its global […]
areeba has announced that it has received in-principle approval from the Central Bank of the UAE (CBUAE) to operate Stored Value Facilities (SVF) and Retail Payment Services – Category III, under the applicable SVF, Retail Payment Services, and Card Schemes Regulations. The regulatory approval marks a significant milestone in areeba’s expansion journey in the UAE […]
Millionaire Elon Musk’s artificial intelligence (AI) startup xAI has raised $20 billion in an upsized Series E funding round, exceeding a $15 billion target for the funding round. Fresh funds The financing aims to accelerate xAI’s infrastructure buildout, the development and deployment of transformative AI products, and funding research to advance “xAI’s core mission: Understanding the Universe,” the company said in […]
Dubai, United Arab Emirates: BHM Capital, the leading financial institution in the capital markets of the United Arab Emirates, announced its acceptance as a member of the Federation of Euro-Asian Stock Exchanges (FEAS) under the Supporting Partner category. With this milestone, BHM Capital becomes the first financial institution from the United Arab Emirates to join FEAS, […]
Ras Al Khaimah, United Arab Emirates – RAKBANK announced today that it has received in-principle approval from the Central Bank of the UAE (CBUAE) to issue an AED-backed payment token i.e., stablecoin, subject to the completion of regulatory and operational requirements. This marks an important step in RAKBANK’s digital assets journey and reflects the Bank’s […]
Dubai, UAE – Binance, the world’s largest cryptocurrency exchange by trading volume and users, has appointed Tarik Erk as its new Regional Head for MENAT, overseeing the Middle East, North Africa and Turkey and Senior Executive Officer Abu Dhabi. The appointment reinforces Binance’s long-term commitment to the region and its focus on advancing the future of […]
The Fund-of-Funds will deploy capital through a combination of fund investments and direct investments aligned with HBIS Group’s industrial priorities. Abu Dhabi, United Arab Emirates – Beijing, China: BlueFive Capital, a global investment platform, has been appointed as the first General Partner (GP) for a Fund of Funds established by CICC Capital, the private equity arm […]
Abu Dhabi, UAE — In a major global development in the Web 3.0 space, Hub71 startup Maalexi, an agri-trade FinTech leader involved in derisking and transforming cross-border food and agricultural supply chains, will build the World’s First Agricultural Asset Token Exchange (MAATEX) on Avalanche, powered by real world asset (RWA) tokens, risk data, and embedded intelligence using Maalexi’s in-house and […]
Dubai, UAE: Network International, a leading fintech company across the Middle East and Africa, has become the first payments platform to enable regulated Stablecoin payments in the UAE through AE Coin acceptance, following the signing of a Memorandum of Understanding (MoU) with Al Maryah Community Bank (MBank). The partnership will see the integration of AE Coin, […]
Muscat: Bank Nizwa, the leading and most trusted Islamic bank in the Sultanate of Oman, has announced the implementation of the Partial Payment of Cheques service in line with the Central Bank of Oman’s guidelines on partial cheque payments. This national initiative aims to enhance cash flow for individuals and businesses and reduce the likelihood of […]