Revenue increased by 39% to AED 33.1 billion (US$ 9 billion) EBITDA grew by 32% to AED 16.6 billion (US$ 4.5 billion) Net profit before tax reached to AED 16.7 billion (US$ 4.5 billion); an increase of 35% Dubai, United Arab Emirates – Emaar Properties PJSC (DFM: EMAAR) has continued to deliver strong operational and financial […]
Matthew Grint, General Manager of Selini Capital FZE, is steering the company’s next phase of growth following its recent approval from Dubai’s Virtual Assets Regulatory Authority (VARA). The milestone marks a pivotal moment in Selini Capital’s global strategy, enabling the firm to directly offer institutional-grade liquidity and pricing services under a fully regulated framework. With […]
(Dubai, Baghdad, Las Vegas): — International Smart Card, the operator of Iraq’s leading digital payments brand Qi Card, had the distinction of being the only fintech company prominently representing the country and the wider Middle East region. The company proudly put Iraq on the global fintech stage at Money20/20 USA, the world’s leading fintech show, […]
As part of Microsoft’s $15.2 billion investment announcement in the UAE, Microsoft and G42 are deepening their strategic partnership to accelerate the nation’s digital transformation. The two companies today announced a 200-megawatt (MW) expansion of datacenter capacity, delivered through Khazna Data Centers, a subsidiary of G42. This expansion is expected to start coming online before […]
Marking a significant milestone in Mabanee’s journey to develop real estate projects that meet the highest international environmental standards In a landmark achievement underscoring its leadership in sustainable finance and reaffirming its strong commitment to advancing sustainability and responsible environmental practices, National Bank of Kuwait (NBK) and Mabanee Company (Mabanee), one of the region’s largest […]
Ripple, the leading financial technology company that offers crypto solutions for businesses, today announced a $500 million strategic investment at a $40 billion valuation from world-class institutional investors led by funds managed by affiliates of Fortress Investment Group, affiliates of Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace. The investment follows Ripple’s […]
The Central Bank of Oman (CBO) has unveiled the brand identity of the national payment card, which will be known as ‘Maal”. Muscat: Major banks in the Sultanate of Oman have indicated that they will be launching the Maal debit and credit cards. This Central Bank of Oman-initiated local card, to be launched in cooperation […]
MSMEs will gain easy access to working capital to grow their businesses to their full potential. Dubai, UAE – CredibleX and Mastercard have initiated a collaboration to issue cards to micro, small, and medium enterprises (MSMEs) in the UAE. With Mastercard’s deep expertise and CredibleX’s seamless SME financing journeys, MSMEs will gain easy access to working […]
Chari is transforming Morocco’s neighborhood shops into financial access points, turning informal retailers into hubs for payments and essential financial services. DisrupTech Ventures is leading this change by investing in Chari and holding a board seat to support the company’s fintech-driven growth strategy. This marks DisrupTech’s second investment in Africa outside of Egypt, reinforcing its […]
BBK, a leader in retail and corporate banking in the Kingdom of Bahrain, has signed a Memorandum of Understanding (MoU) with Binance, the world’s largest blockchain ecosystem and crypto-asset exchange, to become the first bank and entity in the GCC to join the Binance Link Program. The partnership is pending final regulatory approval from the […]