Dubai, UAE: Alaan, the UAE’s leading spend management platform, today launched a business bank account with built-in intelligence, powered by ruya. With this launch, Alaan becomes the first fintech in the region to combine corporate cards, domestic and cross-border supplier payments, invoice automation, and accounting into a single AI-native platform. A major step in the company’s […]
Dubai, UAE — CNTXT AI, a UAE-based data and AI company that enables companies and institutions to develop AI solutions while maintaining full sovereignty over their data, announced the successful closing of a $60 million Series A funding round. The round was co-led by two of the region’s most active AI investors: AI71, Abu Dhabi’s applied AI […]
Abu Dhabi, UAE – Franklin Templeton today announced that it has secured licenses from the UAE Capital Market Authority (“CMA”) for its entity in Abu Dhabi, marking a significant step in its long-standing commitment to the United Arab Emirates. With this development, Franklin Templeton now operates across all three financial jurisdictions in the UAE onshore Abu […]
Dubai, UAE: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, today announced that Oak Hill Advisors (OHA) a leading global credit-focused alternative investment firm, has received regulatory authorisation from the Dubai Financial Services Authority (DFSA). This follows OHA becoming the 100th hedge fund manager […]
Sovra, the fintech platform that provides people with a global dollar account, has raised more than $2 million in pre-seed funding. The round was led by Pharsalus Capital, with participation from leading regional and global angel investors, including Karim Atiyeh (founder of Ramp), Hisham Al-Falih (founder of Lean Technologies), Hany Rashwan (founder of 21shares), Naguib […]
Dubai, UAE — Global property payments platformBlackstone-Backed Redpin, backed by a USD $170 million investment from Blackstone, has received in-principle approval from the Dubai Financial Services Authority (DFSA) to process payments in the United Arab Emirates, marking a significant milestone in the company’s regional expansion strategy. The approval enables Redpin to extend its property payment […]
Casablanca: JAIDA and CHARI have signed a memorandum of understanding aimed at strengthening their cooperation in support of financial inclusion, the development of micro-entrepreneurship, and the backing of Social and Solidarity Economy (SSE) actors in Morocco. This collaboration between JAIDA and CHARI is built on the complementary expertise of the two institutions. JAIDA, a subsidiary of […]
June 15, 2026 The combined company will give businesses a single partner to accept, hold, and move money – including stablecoin transactions – across 190+ countries and territories At close, the combined company is expected to generate approximately $3 billion in annual revenue and process more than $500 billion in annual payment volume for more than 2.4 million customers MONTREAL and NEW YORK, June […]
The agreement was formally signed at Almana Group headquarters in Doha, Qatar, marking the start of a strategic collaboration to develop payroll-linked Earned Wage Access (EWA) solutions across the GCC, with broader expansion plans expected to extend into selected Southeast Asian markets. Doha, Qatar – 16 May 2026 The scope of the investment includes the […]
Prague, Czech Republic – Qatar Development Bank (QDB) and SACE S.p.A., Italy’s export credit agency and one of the world’s leading Export Credit Agencies (ECAs), signed an export credit reinsurance agreement on June 11, 2026, on the sidelines of TXF Global 2026: Export, Agency & Project Finance, held in Prague, Czech Republic. The agreement establishes a framework […]