WheelsOn raises $12.5mln to disrupt the UAE’s traditional car rentals with a digital, deposit-free platform

WheelsOn raises $12.5mln to disrupt the UAE’s traditional car rentals with a digital, deposit-free platform

With 87% of UAE car rental revenue projected to come from online bookings by 2030, WheelsOn aims to capture this digital-first demand by offering a native, fully automated service that rivals traditional agencies. Dubai, the UAE: WheelsOn, the UAE’s mobile-first car rental platform, has closed a $12.5 million funding round, including $2.2 million in equity from […]

BENEFIT introduces business account feature on BenefitPay to enhance merchant payments in Bahrain

BENEFIT introduces business account feature on BenefitPay to enhance merchant payments in Bahrain

BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has unveiled a new feature on BenefitPay application, following a directive issued by the Central Bank of Bahrain to allow merchants to seamlessly add and manage business accounts. This new feature is designed to support single-owned commercial registrations, enabling them to […]

Khaleeji Bank and eTijwaal partner to offer eSIMs for travellers

Khaleeji Bank and eTijwaal partner to offer eSIMs for travellers

Manama, Kingdom of Bahrain: Khaleeji Bank, one of Bahrain’s leading Islamic banks, has announced a strategic partnership with the eTijwaal App, a leading digital platform providing eSIM services for travellers. This collaboration aims to deliver seamless and convenient connectivity solutions to the bank’s clients during travel, as well as enjoy exclusive cashback offers of up to […]

Al Baraka Islamic Bank Signs Strategic Partnership with Dhaman to Boost Trade Finance Capabilities

Al Baraka Islamic Bank Signs Strategic Partnership with Dhaman to Boost Trade Finance Capabilities

Manama, Kingdom of Bahrain: Al Baraka Islamic Bank Bahrain, one of the leading Islamic banks in the Kingdom of Bahrain, has recently announced the signing of a significant strategic partnership agreement with the Arab Investment and Export Credit Guarantee Corporation (Dhaman). The agreement will enable the Bank to expand its international banking partnerships and provide […]

Geneva-headquartered Swiss bank BCP Secures DFSA Licence to Launch Full Branch in Dubai

Geneva-headquartered Swiss bank BCP Secures DFSA Licence to Launch Full Branch in Dubai

Dubai, UAE – BCP (Banque de Commerce et de Placements), the Swiss Bank headquartered in Geneva, announces today a significant milestone in its Middle East growth strategy: the transformation of its Dubai Representative Office into a fully operational Branch, following the successful acquisition of a Category 4 licence from the Dubai Financial Services Authority (DFSA) within […]

National Bank of Oman (NBO) Launches Direct Debit E-Mandate to Streamline Recurring Payments

National Bank of Oman (NBO) Launches Direct Debit E-Mandate to Streamline Recurring Payments

Muscat: The National Bank of Oman’s (NBO) Direct Debit E-Mandate offers secure and automated recurring payment solutions for both corporate and retail customers. It reflects the bank’s commitment to provide convenient, flexible, and efficient digital banking experiences while driving innovation in the Sultanate’s financial sector. Aligned with the Central Bank of Oman’s efforts to modernize payment […]

Dubai Rental Disputes Center and Dubai Police enhance smart digital payment system

Dubai Rental Disputes Center and Dubai Police enhance smart digital payment system

Official visit highlights innovation in advancing electronic integration of judicial systems Dubai, UAE: The Dubai Rental Disputes Center today welcomed a high-level delegation from Dubai Police, led by H.E. Major General Hareb Muhammad Al Shamsi, Acting Commander-in-Chief of Dubai Police. The visit was attended by His Excellency Judge Abdulqader Mousa Mohammed, Chairman of the Rental Disputes […]

YC-backed Munify secures $3M to build neobank for Egyptian diaspora

YC-backed Munify secures $3M to build neobank for Egyptian diaspora

Cairo/San Francisco — September 1, 2025 — Munify, a cross-border neobank built for the Egyptian diaspora, has raised $3 million in seed funding from Y Combinator, BYLD, and DCG. The startup, founded by Khalid Ashmawy, a former Microsoft and Uber engineer and co-founder of proptech scaleup Huspy, aims to modernize the remittance experience for millions […]