Musk, already the world’s richest person, could get as much as $1trln in stock over the next decade, although required payments would take the value down to $878bln. SAN FRANCISCO – Tesla CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history as investors endorsed his vision of morphing […]
(Dubai, Baghdad, Las Vegas): — International Smart Card, the operator of Iraq’s leading digital payments brand Qi Card, had the distinction of being the only fintech company prominently representing the country and the wider Middle East region. The company proudly put Iraq on the global fintech stage at Money20/20 USA, the world’s leading fintech show, […]
Marking a significant milestone in Mabanee’s journey to develop real estate projects that meet the highest international environmental standards In a landmark achievement underscoring its leadership in sustainable finance and reaffirming its strong commitment to advancing sustainability and responsible environmental practices, National Bank of Kuwait (NBK) and Mabanee Company (Mabanee), one of the region’s largest […]
The Central Bank of Oman (CBO) has unveiled the brand identity of the national payment card, which will be known as ‘Maal”. Muscat: Major banks in the Sultanate of Oman have indicated that they will be launching the Maal debit and credit cards. This Central Bank of Oman-initiated local card, to be launched in cooperation […]
MSMEs will gain easy access to working capital to grow their businesses to their full potential. Dubai, UAE – CredibleX and Mastercard have initiated a collaboration to issue cards to micro, small, and medium enterprises (MSMEs) in the UAE. With Mastercard’s deep expertise and CredibleX’s seamless SME financing journeys, MSMEs will gain easy access to working […]
Riyadh, Saudi Arabia — November 2025 The 2025 edition of Aion Connect, held in Riyadh, brought together over 200 senior leaders from banks, fintechs, family offices and investors to discuss the next frontier of Saudi Arabia’s digital financial transformation — moving from vision to performance. In a market where nearly $140 billion in shareholder value […]
Manama, Bahrain – The Central Bank of Bahrain (CBB) announces the signing of a partnership agreement between The BENEFIT Company (BENEFIT) and NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI). The agreement sets in motion a cross-border collaboration between the Kingdom of Bahrain and the Republic of India’s […]
Albaraka Portfolio Management Company has taken a strategic step that will open a new chapter in Türkiye’s participation finance sector. The company has established the “Albaraka Türk Value & Wealth Türkiye Sukuk Fund” in Bahrain — the first Türkiye-focused Sukuk fund of its kind — aiming to facilitate international investors’ access to islamic capital market […]
Dubai: Mercury Payments Services (Mercury), a leading regional payments infrastructure and technology provider, is proud to announce that it has been granted approval for a deemed Open Finance License by the Central Bank of the UAE (CBUAE). This approval enables Mercury to operate under the UAE’s progressive Open Finance regulatory framework, further strengthening its position as a […]
Dubai, UAE – Alaan, the Middle East’s leading corporate card and spend management platform, today announced the launch of its employee equity buyback program, enabling team members to sell a portion of their vested stock options. The initiative, effectively an ESOP buyback, follows Alaan’s $48 million Series A fundraise led by Peak XV Partners (formerly Sequoia India […]