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 […]
Yakeey, a Moroccan property technology (proptech) startup, has closed a $15m Series A funding round, marking the largest of its kind in the Kingdom’s history. The transaction is notable not just for its size, but for a curious guest at the table: Enza Capital, a pan-African VC firm. The VC’s entry into Casablanca signals a shift […]
Sharkas said the Academy is designed to function as a specialised national platform that fosters an environment conducive to innovation. AMMAN — The Institute of Banking Studies (IBS) officially inaugurated the headquarters of the Jordan Fintech Academy and its Fintech Lab on Sunday, marking a milestone in the execution of the Kingdom’s Economic Modernization Vision […]
Profit before tax increased by 5.4% year-on-year to KD 734.6 million Al-Bahar: Our financial results for 2025 reflect NBK’s ability to adapt to evolving conditions and navigate an increasingly complex economic landscape. We continue to successfully execute our strategy by balancing the delivery of superior shareholder returns with meeting the growing and evolving needs of our customers. Sustainability […]