Dubai, united Arab Emirates: botim money, botim’s financial services arm serving millions of users in the UAE and beyond, announced a strategic collaboration with Mastercard to expand its global remittance capabilities, powered by Mastercard Move. The integration enables botim money users to send money from the UAE to over 150 countries, with payouts delivered to bank account, mobile […]
Phaze Ventures today announced our participation in eMushrif’s $7.5 million funding round, backing the team again as they accelerate their next phase of growth. The round was led by Jasoor Ventures and also saw participation from Annex Investment, Ithca Group, IDO Investment, and a number of other prominent private investors. The company currently serves more than 120,000 students across public and private schools […]
Muscat: Thawani Technologies LLC, Oman’s first Central Bank of Oman (CBO) licensed payment service provider (PSP), has signed a Memorandum of Understanding (MoU) with Monak to establish a collaboration framework for integrated digital and financial technology solutions that can support public- and private-sector initiatives across the Sultanate. Under the MoU, Thawani and Monak will explore […]
Newly established Asset Management business launches 10 funds on Securities & Commodities Authority of the United Arab Emirates widening retail and institutional investor choices. HSBC today announced the launch of its new UAE asset management business and the registration of ten new onshore investment funds with the Securities & Commodities Authority (SCA) of the UAE, […]
The Dubai Financial Services Authority (DFSA), the independent banking, financial services, and markets regulator of the Dubai International Financial Centre (DIFC), has today brought into force its updated regulatory framework for Crypto Tokens in DIFC. The enhanced rules strengthen the DFSA’s regime, provide greater clarity for market participants, and support the development of a safe, […]
Dubai, UAE — At the 1 Billion Followers Summit, Wio Bank, in partnership with Visa, announced the launch of Wio Creators, the UAE’s first dedicated banking solution tailored specifically for content creators and digital entrepreneurs. The new offering reflects the rapid growth of the creator economy and aims to address the unique financial needs of […]
AmwalPay has announced a strategic partnership with Bank Nizwa, reflecting a broader shift in how banks approach the enablement of digital payment services within the Sultanate of Oman. Under this partnership, AmwalPay enables Bank Nizwa to offer digital payment services to its merchants under the bank’s own brand, identity, and commercial framework. Bank Nizwa retains […]
Dubai, UAE: BingX, a leading cryptocurrency exchange and Web3 AI company, is excited to introduce BingX TradFi, an innovative feature that enables users to trade futures on a diverse range of global assets, including commodities, forex, stocks, and indices. With a remarkable variety in the choice of assets, outstanding trading experience, and top-notch security, BingX TradFi […]
RABAT — Moroccan fintech startup Woliz has announced the closing of a $2.2 million pre-seed funding round, led by Sanlam Maroc, marking the insurer’s first-ever investment in a startup through a long-term, institutional private equity approach. The investment will support the acceleration of Woliz’s AI-powered, fintech-enabled platform, which aims to digitise and structure neighbourhood retail […]
London: Janus Henderson Investors today announces the launch of the Janus Henderson Horizon Discovering New Alpha Fund (DNA), a global equity fund available exclusively to HSBC Private Bank and Premier clients across Asia, Europe, US Offshore, and the Middle East, for an initial six-month period. DNA is a globally diversified portfolio of approximately 50 high-conviction stocks […]