CASABLANCA, Morocco: Morocco-based super app ORA Technologies has extended its Series A funding round to $10 million after raising an additional $2 million from local investors, reinforcing its position as one of the country’s best-funded consumer technology startups. Is ORA Technologies, its digital wallet that enables e-commerce transactions The latest investment will be used to […]
JPMorgan will hire 30 EMEA corporate bankers before year-end Latest sign of US banks seeking more corporate clients in EMEA Headcount to rise 60% in five years in Middle East, North Africa, Turkey, Poland LONDON, July 15 (Reuters) – JPMorgan (JPM.N), opens new tab has launched an expansion of its corporate banking business in Europe, the Middle […]
DUBAI, UAE – Mashreq, one of the leading financial institutions in the MENA region, has announced the launch of the NEO On Arrival account, a fully digital bank account that enables international travellers, tourists, and visitors to instantly open and use a UAE bank account upon entering the country. Leveraging Mashreq’s digital ecosystem and advanced eKYC capabilities, […]
HONG KONG, BEIJING and SHANGHAI, July 9, 2026 /PRNewswire/ — Grace Investment Machine (“GIM”), an AI-native investment technology company building agentic systems for capital markets, today announced the close of its US$20 million Series A financing. The round was co-led by a leading US venture capital firm and Hony Capital, with participation from IDG Capital and existing […]
Co-Led by RAED Ventures and Wa’ed Ventures, with participation from Dhahran Techno Valley’s Venture Capital arm and strategic angels Funding will accelerate the deployment of Think’s integrated hardware and orchestration platform, designed to reduce the cost and complexity of AI RIYADH, Saudi Arabia, July 15, 2026 /PRNewswire/ — Think, the Saudi-based company building a new generation of intelligent, […]
Revolut has secured in-principle approval for its Virtual Assets Service Provider (VASP) Licence from the Virtual Assets Regulatory Authority (VARA) in Dubai 15 July 2026, Dubai, UAE – Revolut, the global financial leader with over 75 million customers worldwide, today announced it has received in-principle approval from the Virtual Assets Regulatory Authority (VARA) in Dubai […]
DUBAI – Dubai Islamic Bank (DIB) reported net profit after tax of AED3.736 billion for the first half of 2026, compared with AED3.73 billion in the same period last year, while pre-tax profit rose 1% year-on-year to AED4.334 billion. In a statement issued on Tuesday, the bank said gross revenue increased 10% year-on-year to AED12.439 […]
Dubai, UAE: RAKBANK and Mastercard today renewed their collaboration agreement to support continued payments innovation by delivering enhanced solutions across retail, business and wholesale banking. Building on their long-standing strategic relationship, the move reflects a shared commitment to developing secure and more seamless payment experiences that meet the evolving needs of consumers and businesses in an […]
Dubai, UAE: Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, is live on the Partior network, a multi-currency, blockchain-based clearing and settlement network, becoming the first financial institution in the region to enable real-time, blockchain-based cross-border payments on Partior’s infrastructure. The launch marks the first phase of a […]
Manama, Bahrain – Gulf International Bank B.S.C. (“GIB” or the “Bank”), a leading pan-GCC banking institution, today announced the establishment of its US$ 3 billion Certificate of Deposit (“CD”) Programme, further strengthening the Bank’s funding platform and enhancing its access to short-term wholesale funding markets. Gulf International Bank B.S.C. ongoing funding diversification strategy The Programme represents […]