Dubai, UAE – EvolutionX, the growth-stage private credit platform established by Temasek and DBS Bank, has announced its first investment in the Gulf region, leading a $50 million growth capital round raised by Kitopi, the Middle East’s leading next-generation F&B ecosystem. The funding will fuel the expansion of Kitopi’s leading homegrown brands across high-growth markets, including […]
Dubai, United Arab Emirates: Receiptable, a fintech that empowers retailers and financial institutions to drive higher customer engagement through frictionless digital receipts, today announced a new funding round led by 21 Ventures, with participation from Oraseya Capital, AngelsDeck VC and follow-on investment from existing backer Salica Investments. The new capital will enable Receiptable to grow its […]
Abu Dhabi – Abu Dhabi Commercial Bank PJSC (“ADCB” or the “Bank”) today announced its financial results for the year ended 31 December 2025, delivering strong growth and record profit. Recommended cash dividend of AED 0.63 per share for 2025, representing a total payout of AED 4.985 bn and equivalent to 44% of net profit. Key financial […]
Positions the UAE among the first major financial jurisdictions globally to implement a fully regulated framework for USD-denominated settlement for digital assets. Universal is the UAE’s first Registered Foreign Payment Token Issuer. Regulated by the FSRA (ADGM) with a Financial Services Permission to issue a Fiat-Referenced Token. USDU reserves are fully backed 1:1 with U.S. dollars, safeguarded […]
Total assets increased 16% yoy to AED 1.40 trillion RoTE at 19.2% remaining firmly above medium-term guidance The Board recommends a cash dividend of 80 fils per share for FY’25, subject to shareholders’ approval Abu Dhabi: First Abu Dhabi Bank (FAB) the UAE’s global bank and one of the world’s largest and safest financial institutions today […]
Abu Dhabi, UAE: Abu Dhabi Islamic Bank PJSC (ADIB), a leading Islamic financial institution, has expanded its long-standing partnership with Etihad Guest, the award-winning loyalty programme of Etihad Airways. Together with global digital payments leader Visa, ADIB has launched the new premium Etihad Guest Visa Infinite Covered Card offering exclusive rewards and benefits tailored for today’s […]
The approval underscores Emirates NBD commitment to India’s growing economy and positions the bank to unlock India-Middle East capital flows Dubai: Emirates NBD Capital, the investment banking arm of Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, announced it has received regulatory approval for a Category I Merchant […]
Dubai, United Arab Emirates: Dubai Insurance has announced the launch of the first digital wallet for crypto assets in the UAE insurance sector, developed in partnership with Zodia Custody. The new digital wallet enables secure, transparent receipt of premiums and payment of insurance claims in digital assets, marking a major milestone in the sector’s digital transformation […]
Dubai, UAE — Yozo.ai, a UAE-based e-commerce AI solutions startup, has raised $1.7 million in a pre-seed funding round to accelerate the development of its AI-native revenue engine designed to automate growth, improve conversion rates, and boost customer retention for online merchants. The funding round was jointly led by Access Bridge Ventures and Disruptech Ventures, […]
Enakl, a Moroccan and French mobility startup that offers bus-sharing services, has closed a $2.3 million seed funding round to deploy its shared transport solutions and launch a new Software as a Service (SaaS) product for operators and policy makers. The capital injection, finalised in December 2025, follows a $1.4 million pre-seed fundraise in December 2024 and […]