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, 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
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
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
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
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
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
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 […]
Dubai Proptech Startup Seraya Raises $1.8M Seed Round to Expand Premium Serviced Apartments
Dubai, UAE — Seraya, a Dubai-based proptech and hospitality startup, has secured $1.8 million in seed funding through a mix of equity and debt, bringing its total capital raised to $2.15 million. The round was led by a prominent Saudi family office and DLL, a German family office, with additional participation from strategic angel investors. […]
Electrogenos Wins Big at KPMG Global Tech Innovator Competition 2025 in Dubai
The startup Electrogenos demonstrated bold ambition to accelerate the next phase of growth and transform the tech industry. Dubai, UAE: The KPMG Global Tech Innovator Competition 2025, which invited talented UAE tech scale-ups to pitch to investors and major industry players, showcased outstanding tech innovation from companies as they set out to reshape the regional […]