As part of Gulf Bank of Kuwait long-term vision to enhance cybersecurity and in line with its strong commitment to protect its customers’ data and digital systems from potential threats and hackers, Gulf Bank has officially launched its Vulnerability Disclosure Program (VDP) and Bug Bounty programme. This program seeks to involve the cybersecurity community, comprising […]
Dubai, UAE: Mastercard and Octet Türkiye have entered a collaboration to address the growing cash management and installment payment needs of businesses in the MENA region. Through this alliance the two companies will launch a versatile solution capable of processing various corporate transactions with a focus on facilitating easy payments and collections with cards. According to […]
Liquify announces an oversubscribed $1.5m seed round to close the $120bn African Trade Finance gap Liquify is excited to officially announce the successful close of its $1.5 million (£1.1 million)equity seed round – plus several debt commitments – to supercharge its digital invoice financing marketplace across Sub-Saharan Africa. The round was led by Africa’s top early-stage […]
Dubai UAE: DeFi Technologies Inc. (the “Company” or “DeFi Technologies”) (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company bridging the gap between traditional capital markets and decentralized finance (“DeFi”), has announced its expansion in the GCC and MENA region with the registration of DEFI DMCC (certification no DMCC199558) with offices in Jumeirah Lake […]
Issued by FAB and to be listed on ADX and made available on HSBC Orion platform Milestone listing reinforces ADX’s leadership in digital asset innovation and financial market modernization Abu Dhabi, United Arab Emirates: Abu Dhabi Securities Exchange (ADX), the largest exchange in the UAE and second largest exchange in the Middle East North Africa (MENA), […]
Saudi Arabia-based platform Flawless has raised $1.5 million in pre-seed funding, backed by unnamed angel investors focused on early-stage innovation. Founded by Shaimaa Alghamdi, the platform uses generative AI and social psychology to offer personalised career guidance. The company originated as a blog in 2023 and transformed into a full-fledged digital startup in 2024, targeting unmet demand […]
Doha, Qatar: Ooredoo, the country’s leading telecommunications provider, has announced the launch of advanced sovereign AI cloud services, built on the latest NVIDIA Hopper GPUs and hosted in its local data centres. This strategic deployment brings world-class accelerated computing capabilities to Qatar, significantly advancing the nation’s digital transformation agenda. By enabling advanced artificial intelligence applications without […]
Dubai, UAE — In a significant step towards strengthening UAE-India financial ties, Mashreq has announced that it is the first UAE-based bank to receive an In-Principle Approval (IPA) to establish an International Banking Unit (IBU) at GIFT City, India’s pioneering global financial services hub. This landmark approval marks a strategic milestone for Mashreq, underscoring the […]
Ajman, UAE – Ajman Bank has launched a comprehensive co-branded payment processing solution for its business clients, developed through its strategic partnership with VaultsPay, a Dubai-based CBUAE licensed fintech payment company with a global footprint. The newly launched program represents the latest milestone in the ongoing partnership between the two institutions, reflecting their joint commitment to […]
Saudi Arabia-based quick delivery company Ninja has officially achieved unicorn status after securing approximately USD 250 million in a funding round led by Riyad Capital, according to individuals familiar with the matter. The round values the three-year-old company at around USD 1.5 billion, making it one of the few tech unicorns in the Kingdom. Founded in 2022, Ninja offers ultra-fast delivery services […]