Rise in asset and fund managers supports 57% growth in AUM in Q1 2026. Number of asset and fund managers up 24% to 179, number of funds managed out of ADGM jumps 43% to 263. ADGM currently has 13,353 active licences, with 961 new licences issued during Q1 2026. Workforce continues to strengthen within ADGM, reaching 47,047, a 44% increase. Financial services firms grew by 30% to 365 at the end of […]
eVoost AI, the Abu Dhabi-based proptech startup focused on AI-driven residential sales solutions, has raised $2.2 million (€2 million) in a funding round led by First Drop VC, with participation from Qora71, a syndicated investment vehicle linked to Hub71 and backed by Mubadala Investment Company. Founded in 2024 by Cristian Pastrana and Koh Onozawa, eVoost […]
Dubai, United Arab Emirates – Deem Finance today announced the signing of a strategic partnership agreement with Yusr, a regulated fintech with an established track record in Kazakhstan, as Yusr expands its operations into the United Arab Emirates. The partnership marks another step in Deem’s broader strategy to collaborate with credible fintech innovators to build scalable, […]
The strategic investment advances the UAE’s transport ecosystem by creating an integrated mobility platform, supporting the country’s economic diversification goals. Abu Dhabi, United Arab Emirates: BlueFive Capital, a global alternative investment platform, today announced it has completed the acquisition of a 49% equity stake in Massar Solutions from Abu Dhabi National Energy Company (TAQA). Solutions+, a UAE […]
Manama, Kingdom of Bahrain: Arab Financial Services (AFS), the Middle East and Africa’s leading digital payments and fintech enabler, has announced a strategic partnership with Libyan Islamic Bank (LIB) to accelerate the modernization of Libya’s payment landscape through advanced card issuance, processing, and digital infrastructure solutions. Through this collaboration, Libyan Islamic Bank will leverage AFS’s advanced […]
Source: Arabian Business It comes months after Mal raised $230m in a seed funding round, which the company said was the largest fintech seed raise in Middle East and Africa history. Abu Dhabi-based fintech startup Mal has received in-principle approval from the UAE Central Bank (CBUAE) to establish what it describes as the world’s first AI-native Islamic […]
Dubai-based food-tech platform launches with 1,000+ stores signed across 40+ leading F&B and grocery brands, backed by a heavyweight board of regional operators and investors. Peekabox, the UAE’s first surplus food marketplace, today announced the close of an oversubscribed $1.5 million seed round, backed by a roster of regional heavyweight investors and operators. Founded by […]
SINGAPORE — Under the guidance of Bank Indonesia and People’s Bank of China, the China-Indonesia cross-border QR payment linkage was launched between Indonesia’s Quick Response Code Indonesian Standard (QRIS) and China’s leading payment ecosystems, enabled by Alipay+, the unified wallet gateway of Ant International, and UnionPay International. A milestone in regional connectivity, the initiative opens a […]
Manama, Bahrain – stc Bahrain, a digital enabler, has announced the launch of Mastercard’s Click to Pay, becoming the first telecommunications provider in Bahrain to introduce this secure and seamless online payment solution. The service is now available on the My stc BH app, empowering customers to pay bills, purchase add-ons, or buy digital gift cards with just […]
OpenAI launched a new set of personal finance tools in preview for ChatGPT Pro subscribers in the U.S., letting them connect their accounts and ask questions ranging from spending analysis to future financial planning. OpenAI has partnered with the financial connection service Plaid to manage the account connections. Users can connect to over 12,000 financial […]