Dubai, UAE – Udora, the global gifting marketplace formerly known as Flowwow, has closed a $10 million private round and relaunched under a new brand. The round will go toward market expansion, with the Saudi Arabia launch scheduled for Q3 2026, including product catalogue expansion, deep localisation, technology, and AI-powered personalisation. Founded in 2014 and headquartered […]
Emirates NBD, a banking group in the Middle East, North Africa and Türkiye (MENAT) region, has successfully priced a $750m Additional Tier 1 (AT1) capital issuance, marking the first debt capital markets transaction from a Gulf Cooperation Council (GCC) issuer since late February 2026. The issuance follows the bank’s recent call of a previous $750m […]
Dubai, UAE – Infinite IT Solutions, a leading provider of enterprise e-invoicing and automation solutions in the Gulf region, today announced it has received pre-approval as an Accredited Service Provider (ASP) under the UAE’s upcoming e-invoicing mandate. This accreditation positions Infinite as one of the first technology providers to combine global e-invoicing expertise with deep GCC […]
RAKBANK and Network International complete their strategic partnership following Central Bank approval, strengthening digital payment solutions for SMEs and corporates and supporting the UAE’s growing digital commerce and fintech ecosystem. Further to the announcement made on 28 November 2025 regarding the strategic partnership between RAKBANK and Network International (Network), the transaction has now successfully closed […]
Dubai, UAE: Mashreq, a leading financial institution in the MENA region, and Cashew, a UAE-based fintech platform, are strengthening their collaboration to co-create an embedded lending framework that brings together regulated banking expertise and digital platform innovation. Leveraging Cashew’s technology infrastructure alongside Mashreq’s regulated lending, credit decisioning, and risk governance capabilities, the framework embeds financing directly […]
Dubai, United Arab Emirates, April 29th, 2026: RAKBANK today reaffirmed its long-standing commitment to the UAE’s SME sector, announcing a series of measures aimed at strengthening business resilience, maintaining credit flow and enabling growth during a period of heightened global uncertainty. For over five decades, supporting small and medium enterprises has been at the core […]
Dubai International Financial Centre (DIFC) announced strong momentum during the first three months of 2026, attracting new global, regional and local clients. 775 new companies established their regional presence in DIFC during the first three months of 2026, reflecting the Centre’s prominence for finance, business, and innovation. This represents a 62 percent increase on the same […]
Abu Dhabi, UAE — Shorooq, a leading multi-strategy investment firm, today announced its investment in the Series A funding round of Chazm, a South Korea-based automotive fintech platform transforming how vehicles are leased, managed, and redistributed across their lifecycle. The round, led by Stonebridge, with Shorooq’s participation, also saw backing from leading financial and strategic investors including […]
Operating Profit up 12% YoY to AED 2.5 billion, reflecting a highly efficient operating model Broad-based revenue growth across key businesses translating into strong earnings quality with AED 2.1 billion in pre-tax Net Profit and pre-tax ROTE of 21% Disciplined balance sheet growth with net financing and sukuk investments up 3% YTD to AED 364 […]
DUBAI, UAE – ARP Digital, a regulated digital capital infrastructure platform, today announced that it has received in-principle approval from the Dubai Virtual Assets Regulatory Authority (VARA) to provide Broker-Dealer services in Dubai. The approval extends ARP Digital’s multi-jurisdictional regulatory framework into the UAE, the region’s largest digital asset market by transaction volume. The UAE has […]