F6 Group launches F6 Ventures, a new seed-stage investment firm, alongside Flat6Labs, to support startups across the Middle East and Africa. The newly launched VC fund will manage six funds with over $90 million in assets under management (AUM), focusing on seed and early-stage investments. F6 Ventures will address funding gaps in emerging ecosystems, focusing on […]
The UAE is set to launch Digital Dirham through phases, according to a new report from the Central Bank of UAE (CBUAE). Once launched, Digital Dirham, which is the digital alternative to physical money, will allow the public to use it for a wide range of payments, including online, in-store, commercial and peer-to-peer transactions. A […]
Abu Dhabi: Al Maryah Community Bank (Mbank), the leading digital bank in the UAE, has announced a strategic partnership with Al Fardan Exchange, one of the UAE’s most trusted and long-standing financial services providers, to offer customers fast and convenient account deposit services across the country. With over 90 Al Fardan Exchange branches located throughout the […]
Inveniam is excited to announce a strategic technology and commercial partnership with MANTRA, a layer 1 blockchain focused on the tokenization of real-world assets (RWAs). The collaboration includes a $20 million investment in MANTRA to deliver private real-world assets (RWAs) packaged with real-time asset reporting and surveillance to DeFi and institutional capital allocators. It will […]
Muscat, Oman – [6 August 2025] – Amid strong economic momentum in Oman, ahlibank has announced its interim financial results for the first half of 2025, showcasing solid growth across all major performance indicators. The bank’s results reflect a strategic focus on innovation, sustainability, and community impact, solidifying its position as a leading financial institution […]
Growth driven by strategic acquisitions and new market entries EBITDA up 164% year-on-year to AED 189.7 million in H1 2025, reflecting stronger operational performance and impact of consolidating strategic acquisitions since H1 2024 Revenue reaches AED 6.1 billion in H1 2025 – highest half-year performance since ADX listing in 2022 Total comprehensive income recorded as […]
The innovative platform enables secure, affordable cross-border payments for migrant workers and streamlines onboarding and payroll for employers Muscat, Oman, 5 August 2025: Mastercard has joined forces with Monak, an Oman-based fintech company, to launch a digital financial services platform that enhances cross-border money transfers for migrant workers and improves wage disbursement and onboarding processes for […]
Alaan, a UAE-based spend management platform, announced Tuesday that it has raised $48 million in an oversubscribed Series A funding round to accelerate its expansion in Saudi Arabia and enhance its suite of artificial intelligence (AI)-powered finance automation tools. The company had previously raised $7.5 million across its Seed and Pre-Series A rounds. Funding details The round was […]
Dubai, UAE: Tarabut, MENA’s leading open banking and embedded finance platform, has received in-principle approval from the Central Bank of the United Arab Emirates (CBUAE) following the introduction of the UAE’s Open Finance regulation. This milestone positions Tarabut at the forefront of Open Finance in the region and marks the third national regulatory license for the […]