Beirut – Lebanon-based regtech startup HAQQ Legal AI has raised $3 million in funding to date to accelerate the development and global rollout of its Legal AI and practice management platform, the company announced today. The funding round was led by Sowlutions Ventures, with participation from HITEK Ventures, Corona Legal, IM FNDNG, Highworth, Razor Capital, […]
The UAE Federal Government is the first in the region to adopt regulated stablecoin as a mode of payment for the government services. Abu Dhabi, UAE – 2 February, 2026. In a landmark advancement for the region’s digital-government infrastructure, AE Coin has been recognized as a payment method for all federal government authorities, marking the […]
Doha, Qatar – Shorooq, a leading tech-focused multi-strategy investment firm, today announced the launch of its $200 million late-stage growth fund, backed by QIA among others at Web Summit Qatar. The Fund—launching under the Qatalyst Series—is built to support companies at a pivotal stage of maturity: businesses with proven scale, strong fundamentals, and clear pathways to […]
Abu Dhabi, United Arab Emirates, February 2, 2026: BlueFive Capital, a global investment firm, today announced that it concluded closing its Onyx Fund I. The $3 billion fund is registered with the Abu Dhabi Global Market (ADGM) and targets opportunistic technology and growth capital investments in the US and Europe. The fund will target businesses at […]
Arab Bank Group achieved strong financial performance for the year ending December 31, 2025, with a net profit after tax USD 1130 million compared to USD 1007 million in 2024, reflecting a growth of 12%. The Group’s equity position also reflects financial stability and resilience, standing at USD 13.2 billion at year-end. The impressive results were driven by […]
Abu Dhabi: In alignment with the UAE Digital Economy Strategy and the Central Bank of the UAE (CBUAE)’s commitment to advancing a secure, inclusive, and innovation-driven national payments ecosystem, the CBUAE, through its Sandbox Programme and Innovation Hub at the Emirates Institute of Finance (EIF), in collaboration with Network International, a leading fintech across the Middle East […]
Ahmad Mohammad Al-Bahar: Gulf Bank continued to strengthen its position in Kuwait’s banking sector, underpinned by a competitive business model and robust governance. Kuwait’s economic landscape showed signs of improvement, supported by fiscal reforms and renewed development activity. Our financial performance reflects our balanced approach to meaningful growth, while maintaining a high-quality loan portfolio. Gulf […]
Dubai/Paris – OFZA Fintech Virtual Asset Exchange LLC (OFZA), a UAE-based regulated Virtual Asset Service Provider (VASP), has entered into a non-binding strategic collaboration with Trakx, a global fintech company registered with the French financial markets regulator (AMF) and specialising in the research and design of Crypto Tradable Index (CTI) methodologies, to advance research, market insight, and […]
Ras Al Khaimah, United Arab Emirates – The National Bank of Ras Al Khaimah (RAKBANK) today reported its financial results for the full year and the fourth quarter of 2025. 50 years of sustainable growth – all-time high profitability… FY’25 performance supported by net interest margin of 4.3%, an industry leading CASA ratio of 65%, and a […]
Classera, the global leader in Edtech, has officially announced of leading a strategic joint venture (JV) between its dedicated EdTech venture builder & accelerator, (C.XSEED), and two powerhouse partners: SuperCharger Ventures and Falak Business & Investment (Falak Group). The joint venture aims to act as a factory for Edtech Startups in emerging markets, accelerating the […]