Syed Basar Shueb, CEO of IHC, commented: “Q1 2026 marks a strong start to the year, reflecting the continued execution of our strategy to scale high-performing platforms and optimise capital allocation across the portfolio. Our performance demonstrates the strength of our diversified model, with broad-based growth, margin expansion, and a significant uplift in profitability. We […]
Rain, the leading regulated crypto-asset platform in the Middle East, today announced that its Dubai entity, Rain MENA FZE, has received In-Principle Approval (IPA) from the Virtual Assets Regulatory Authority (VARA) for Exchange Services, Broker-Dealer Services, and Margin Trading. The approval marks Rain’s entry into the Dubai market under VARA’s regulatory framework and completes its […]
First structured AED–USD digital conversion powered by Mbank, supporting compliant digital asset settlement in the UAE. Abu Dhabi, UAE – 7 May 2026 AE Coin, the UAE’s first AED-pegged stablecoin licensed by the Central Bank of the UAE, and USD Universal (USDU), a USD-backed stablecoin regulated by the Financial Services Regulatory Authority (FSRA) in Abu […]
Dubai, UAE – Franklin Templeton, a leading global asset manager with more than 35 years of experience investing in Islamic markets, today announced the launch of two new funds in its Luxembourg-domiciled Franklin Templeton Shariah Funds (FTSF) range for Europe, Asia and Middle East investors. FTSF Franklin Global Sukuk Ultra Short Duration Fund2 and the FTSF Franklin Shariah […]
Abu Dhabi, United Arab Emirates: The Abu Dhabi Securities Exchange (ADX) Group, one of the world’s fastest-growing exchanges by market capitalization, welcomes HSBC, one of the world’s largest banking and financial services organizations, as a new General Clearing Member (GCM), widening investors’ access to ADX-listed securities and the emirate’s dynamic capital markets and strengthening the efficiency […]
A first-of-its-kind platform, accelerating women from visibility to influence across sectors and geographies. DUBAI: SheKnows, a global digital platform, made in the United Arab Emirates (UAE), has officially launched with a focus on supporting senior women leaders globally to bring gender equity and drive influence at the highest levels of business and decision-making. The launch comes as organizations across the world, especially in the Middle East & Africa region (MEA), face increasing […]
Abu Dhabi, UAE: CredibleX today announced its Series A funding round led by Mubadala Investment Company, an Abu Dhabi sovereign wealth fund, with participation from existing investor Further Ventures as part of a broader USD 15 million equity raise. CredibleX is a UAE-based SME licensed lender specialising in providing small and medium-sized enterprises (SMEs) with […]
Doha, Qatar: Qatar National Bank (QNB) Group, a Qatari public shareholding company, announced the launch of payment card acceptance services and digital payment solutions in Syria, following the recent decision issued by the Central Bank of Syria regarding the modernization of the country’s financial sector. A statement issued by the group explained that this achievement […]
As part of its ongoing efforts to enhance its transaction banking services and payment capabilities, Arab Bank plc (“Arab Bank”), a leading bank in MENA, announced it has leveraged the Kinexys Digital Payments network from Kinexys by J.P. Morgan, the firm’s industry-leading blockchain business unit, bringing Arab Bank’s diverse ecosystem across the Middle East on […]
Dubai, UAE – May 6th, 2026 – Lean Technologies, the MENA region’s leading financial infrastructure provider, today announced the expansion of its Pay by Bank capabilities, built on the UAE’s newly operational Open Finance framework. The expansion signals a structural shift in the UAE’s digital payments landscape. With regulated payment initiation now available to businesses, […]