Ras Al Khaimah, United Arab Emirates – RAKBANK announced today that it has received in-principle approval from the Central Bank of the UAE (CBUAE) to issue an AED-backed payment token i.e., stablecoin, subject to the completion of regulatory and operational requirements. This marks an important step in RAKBANK’s digital assets journey and reflects the Bank’s […]
Dubai, UAE – Binance, the world’s largest cryptocurrency exchange by trading volume and users, has appointed Tarik Erk as its new Regional Head for MENAT, overseeing the Middle East, North Africa and Turkey and Senior Executive Officer Abu Dhabi. The appointment reinforces Binance’s long-term commitment to the region and its focus on advancing the future of […]
The Fund-of-Funds will deploy capital through a combination of fund investments and direct investments aligned with HBIS Group’s industrial priorities. Abu Dhabi, United Arab Emirates – Beijing, China: BlueFive Capital, a global investment platform, has been appointed as the first General Partner (GP) for a Fund of Funds established by CICC Capital, the private equity arm […]
Abu Dhabi, UAE — In a major global development in the Web 3.0 space, Hub71 startup Maalexi, an agri-trade FinTech leader involved in derisking and transforming cross-border food and agricultural supply chains, will build the World’s First Agricultural Asset Token Exchange (MAATEX) on Avalanche, powered by real world asset (RWA) tokens, risk data, and embedded intelligence using Maalexi’s in-house and […]
Dubai, UAE: Network International, a leading fintech company across the Middle East and Africa, has become the first payments platform to enable regulated Stablecoin payments in the UAE through AE Coin acceptance, following the signing of a Memorandum of Understanding (MoU) with Al Maryah Community Bank (MBank). The partnership will see the integration of AE Coin, […]
Muscat: Bank Nizwa, the leading and most trusted Islamic bank in the Sultanate of Oman, has announced the implementation of the Partial Payment of Cheques service in line with the Central Bank of Oman’s guidelines on partial cheque payments. This national initiative aims to enhance cash flow for individuals and businesses and reduce the likelihood of […]
Amman, Jordan: Valu, the leading universal financial technology powerhouse in Egypt, announced today that it has received final approval from the Central Bank of Jordan (CBJ) to officially launch its services in Jordan under a Specialized Finance license, offering consumers convenient financing solutions. This approval follows the initial regulatory clearance granted in 2025. It represents a […]
Dubai: MilkStraw AI, an AI-powered cloud optimization startup, has raised $2 million in seed funding in a round led by VentureSouq, with participation from Ibtikar Fund and M Capital. Founded 16 months ago with a mission to make cloud optimization simpler and more accessible, MilkStraw AI has quickly gained traction across the startup ecosystem. Today, […]
Khalid AlJarwan: “Our MoU with Abu Dhabi Islamic Bank comes as part of our ongoing efforts to broaden the services available to the business community and to support the growth of companies across all sectors.” Amit Malhotra: “Our partnership with Dubai Chambers reflects our long-standing commitment to empowering SMEs with the financial tools, advisory support, and Sharia-compliant solutions they […]
Al-Nusif: We are proud to offer our clients the opportunity to be part of this experience that brings together millions from around the world The packages include match attendance, business class travel, stays at luxury hotels, and exclusive gifts for winners and their companions National Bank of Kuwait (NBK) announced the names of the first […]