Abu Dhabi Commercial Bank reported net income of 2.57 billion dirhams ($699.7 million) for the second quarter on Monday, up 10.7% from the prior-year period, beating analyst expectations. Analysts had expected ADCB’s second-quarter profit at 2.33 billion dirhams, according to LSEG data. The bank reported a net profit of 2.32 billion dirhams in the quarter […]
Beirut, Lebanon – MyMonty has announced a strategic partnership with Mastercard to expand access to secure and convenient payment solutions for individuals and businesses across Lebanon. This collaboration aims to empower more people and enterprises to make payments easily and safely, supporting Lebanon’s growing shift towards digital financial services. By leveraging Mastercard’s global expertise and MyMonty’s […]
Dubai, UAE – Ottu, the Middle East’s leading Online Payment Management System (OPMS), proudly announces the signing of an integration partner agreement with Ellucian, the global leader in higher education technology solutions. The signing ceremony was held at Ellucian’s regional headquarters in Dubai, marking a strategic milestone in the advancement of digital payments within the education […]
Dubai, UAE – TikTok and Visa have announced a strategic collaboration to support small and medium-sized businesses (SMBs) across the United Arab Emirates, equipping them with tools, resources, and incentives to help them thrive in the digital economy. Starting 1st July 2025, SMBs that spend $250 on their TikTok campaign using a Visa Commercial card will […]
Annual labour costs of a financial services tech hub in Bahrain are up to 24% more competitive than the GCC. Bahrain’s financial services sector is 85% more cost-effective in business and licensing fees than the GCC average Manama – Kingdom of Bahrain: Bahrain has been ranked as the most cost-competitive location to operate a financial services […]
Bahrain – Beyon Money Business, part of the leading Bahrain technology group Beyon, has signed a strategic partnership with Eazy Financial Services (EazyPay), a POS & online payment gateway acquirer and payment services provider in the kingdom licensed by the Central Bank of Bahrain. The collaboration will see the creation of a closed-loop payment ecosystem […]
With a combined Total Payment Volume (TPV) of over USD 400 Billion, the merged entity will become the largest fintech company in Middle East and Africa (MEA). DUBAI, UAE – Network International, a leading fintech company in the Middle East and Africa (MEA), and Magnati, a leading provider of payment solutions in the UAE, today announced […]
During the two-week Exit Window, which was open from 24th June 2025 to 7th July 2025. Dubai, UAE – PRYPCO Blocks, the Dubai-based real estate fractional ownership platform, has successfully concluded its first Exit Window, setting a new benchmark for exit opportunities within the fractional real estate space. Investor response reflected both growing confidence and a clear […]
NEW YORK & KUWAIT CITY– Alpaca, a self-clearing broker-dealer and brokerage infrastructure API, and ZAD, a leading Kuwait-based investment platform for Shariah-compliant US stocks and ETFs, announced their strategic partnership to expand access to Shariah-compliant investment products. This partnership continues to open financial access for investors seeking to align their financial growth with Islamic principles. With global […]
Manama, Kingdom of Bahrain: Mawarid Finance has announced today the launch of smart Point-of-Sale (POS) terminals for digital payments, in collaboration with Arab Financial Services (AFS), the leading digital payments solutions provider and fintech enabler in the Middle East and Africa. These cutting-edge POS terminals will now be available across retail outlets, stores, malls, and service […]