Alpha Wave’s investment portfolio includes leading AI companies such as SpaceX (Alpha Wave’s largest investment), Anthropic, OpenAI, Cerebras and others Judan investment to accelerate launch of Alpha Wave’s AI-native life insurance business Abu Dhabi, UAE: Judan Financial, a subsidiary of IHC, today announced its first strategic investment in US-based investment management firm Alpha Wave Global, […]
MANAMA, BAHRAIN – Flooss, Bahrain’s leading digital consumer-financing platform, today announced a strategic partnership with Optty, a global payments infrastructure provider, to expand the availability of Flooss’s digital financing solutions across merchant checkout experiences in the GCC. Founded in Bahrain by Fawaz Ghazal and Tariq Al Saffar, Flooss was established to address structural gaps in access to […]
Dubai – Immensa, a Dubai-born deep-tech company transforming how industrial spare parts are managed and produced through Digital Parts Passports, digital warehousing, and distributed manufacturing which includes 3D printing, has raised new funding to support its continued growth and international expansion ahead of its planned Series B round from Dubai Future District Fund (DFDF), Global Ventures, […]
Dubai, UAE – March 9 – ZagTrader, a global financial technology company powering institutional and digital market infrastructure, today announced an expanded connectivity capability that enables crypto exchanges to access institutional crypto order flow through Bloomberg EMSX, one of the most widely used execution management environments in global capital markets. With this capability, ZagTrader enables […]
Orca Fraud has raised $2.35 million in seed funding to advance its real-time transaction monitoring and fraud intelligence capabilities across Africa and other emerging markets. The round was led by returning investor Norrsken22, with participation from OneDayYes, Enza Capital, and CV VC Africa. Founded by Thalia Pillay and Carla Wilby, the company has grown to process over $5 billion in monthly […]
Sharjah, UAE – Bank of Sharjah acted as Joint Lead Manager and Bookrunner in the successful issuance of a USD 600 million, five-year Sukuk for Omniyat Holdings, alongside other international and regional financial institutions. The transaction witnessed strong investor demand, with the order book reaching USD 1.8 billion, representing a three-times oversubscription. This robust participation reflects […]
ABU DHABI: The United Arab Emirates has consolidated its position as one of the world’s leading global and regional hubs in the e-commerce sector, benefiting from an integrated ecosystem that includes advanced logistics infrastructure, rapid digital transformation in government services, and a flexible regulatory environment that supports the digital economy. These factors have strengthened the […]
SoFi’s fully reserved U.S. dollar stablecoin will support settlement across the Mastercard network, including for SoFi Bank, N.A. Galileo, SoFi’s technology platform, will be among the first to offer its clients and their issuing banks the choice to settle transactions using SoFiUSD The Mastercard Multi-Token Network will look to support SoFiUSD, help expand interoperability between […]
In response to current regional developments, Gulf Bank has confirmed that its core banking systems and technical infrastructure are operating at full capacity, enabling both individual and corporate clients to conduct their transactions seamlessly and securely across all service channels, including its branch network and digital platforms. The Bank has activated its business continuity and […]
The Central Bank of Kuwait (CBK) confirms the banking sector’s high operational readiness and resilience, ensuring uninterrupted banking services across all circumstances. This comes in light of the Central Bank’s directives to local banks to strengthen risk management systems, enhance business continuity and emergency plans, upgrade digital infrastructure, and conduct regular simulation exercises covering various potential scenarios. […]