UAE-based fintech Lucid Capital has closed a $2.5 million Seed funding round, led by Tharawat Holding, with participation from Singular Link, as the company looks to strengthen its trading infrastructure and accelerate artificial intelligence research. Founded in the US in 2022 by Hamad Aldighrir, Ye Gu, and San X., Lucid Capital is a quantitative algorithmic […]
Collaboration aims to co-create data-driven financial solutions, expand access to SME financing, and accelerate corporate innovation across the UAE’s evolving economic landscape. Abu Dhabi, United Arab Emirates – 23 December 2025: Comera Financial Holdings, part of Abu Dhabi’s Royal Group, and SC Ventures, signed an MoU announcing a strategic collaboration to jointly explore new opportunities […]
Dubai, UAE: Commercial Bank of Dubai (CBD) has set a new benchmark for the UAE banking sector by becoming the first bank in the country to fully activate Open Finance into live operational use under the Central Bank of the UAE’s Open Finance Initiative, AlTareq. The activation has been delivered in collaboration with Central Bank–licensed third-party […]
Dubai, UAE, 23 December 2025: Lean Technologies has graduated from the Live Proving program under CBUAE’s Open Finance Framework, becoming one of the first Third Party Providers (TPPs) to reach this milestone. Lean’s graduation marks a critical step in the UAE’s transition from Open Finance preparation to execution. It confirms Lean’s technical and operational maturity […]
Dubai, UAE: Nomura announced the opening of their new premises in Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA). Leveraging the International Wealth Management expertise of Nomura Singapore Limited, the Dubai office launched in 2023 to expand Nomura’s wealth management client franchise in the Middle East. […]
This syndicated loan is the biggest funding transaction ever for Mashreq. It is also one of the largest syndicated loans by any GCC bank in the last five years Dubai, UAE – Mashreq, one of the leading financial institutions in the MENA region and rated A3 (Moody’s), A (S&P) and A (Fitch), all with a stable […]
Dubai, UAE – ASB Capital has been named “IFN Investor Best New Islamic Fund House 2025” in recognition of its rapid growth as an asset manager with expanding regional footprint across investment markets overseeing USD 6 billion in assets under management. The award reflects the firm’s ability to build a diversified asset and wealth management platform […]
Dubai, UAE — Deem Finance LLC, a purpose-led financial services provider committed to enabling the progress of underserved segments in the UAE, today announced a strategic partnership with airpay Technologies Limited, a global digital platform enabling seamless commercial, services, and payment ecosystems. The collaboration enables airpay to extend Deem’s Merchant Financing solutions directly to airpay’s customer […]
Collaboration to transform merchant enablement in a seamless and secure manner Empowering entrepreneurs to transform their ideas into thriving digital businesses Kuwait City, 22 December 2025 – PayTabs Kuwait, a member of the PayTabs Group – MENA’s award-winning payment orchestration powerhouse – today announced it has entered a strategic partnership with BEDE Kuwait, Powered by […]
Dubai, UAE: In a first for the EEMEA region, First Abu Dhabi Bank (FAB) and Mastercard have officially launched Mastercard’s proprietary mobile-first virtual card number (VCN) solution for businesses. This innovative solution enables enterprises and government entities to issue and manage virtual corporate cards while integrating them into mobile wallets – for flexible, efficient and secure […]