DUBAI – SC Ventures by Standard Chartered, which builds and invests in breakthrough ventures in and beyond banking, has signed an MOU to collaborate with Microsoft to enable digital commerce and financing for SMEs, through exploring the co-creation of AI and cloud based solutions. The collaboration will be spearheaded through one of SC Ventures’ portfolio companies, Project Hal, […]
Abu Dhabi – The net profits of Lulu Retail Company climbed by 7.50% year-on-year (YoY) to $162.920 million in the first nine months (9M) of 2025 from $184.45 million. Revenues amounted to $5.99 billion at the end of September 2025, up 4.70% from $5.72 billion in 9M-24, according to the financial statements. The basic and diluted […]
Abu Dhabi, UAE – November 12, 2025: The UAE government has successfully executed its first national transaction using the Digital Dirham, marking a major milestone in the country’s journey toward a fully integrated digital economy. The transaction was carried out by the Ministry of Finance and the Dubai Department of Finance, in close collaboration with […]
The UAE joins Singapore and Switzerland among the world’s top jurisdictions for digital asset regulation, according to the Global Digital Assets Report 2025. The UAE has been named among the world’s most advanced jurisdictions for digital asset regulation alongside Singapore and Switzerland, according to the Global Digital Assets Report 2025 released by the Global Finance […]
Dubai, United Arab Emirates – 12 November, 2025: Ajman Bank, one of the leading Islamic banks in the UAE, has announced the signing of a partnership agreement with BHM Capital, a leading financial institution in the UAE capital markets, to launch a new Equity Financing Program. The initiative aims to facilitate investor access to local capital […]
United States – Samsung is reportedly preparing to launch a new credit card in the United States, marking a major step in its expansion into the financial services sector. According to The Wall Street Journal, the South Korean tech giant will partner with British lender Barclays to issue the card, which will operate on the […]
Ras Al Khaimah: Ras Al Khaimah Economic Zone (RAKEZ) has teamed up with Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, to streamline access to corporate banking services for SMEs and larger enterprises within the RAKEZ ecosystem. The Memorandum of Understanding (MoU) was signed at the Compass Coworking Centre […]
The new suite of enhanced global dining, entertainment and travel benefits has been designed for cardholders of Mastercard’s World, World Elite and the newly created World Legend portfolios. Dubai, UAE: Mastercard has launched The Mastercard Collection, a new suite of enhanced global dining, entertainment and travel benefits, in the Eastern Europe, Middle East and Africa (EEMEA) […]
New York – Visa and Mastercard have announced a revised USD 38 billion settlement with U.S. merchants who accused the card networks of charging excessively high fees for processing credit card payments. The new proposal aims to address concerns raised by a federal judge who previously rejected a smaller USD 30 billion settlement as inadequate. […]
VantageBridge Partners is the first GCC-founded private equity firm to invest directly into U.S. hyperscale infrastructure. The partnership will support capability-building and knowledge transfer into the Gulf, with the aim of accelerating the region’s readiness for AI, cloud, and data-sovereignty-driven innovation Abu Dhabi – VantageBridge Partners, the Abu Dhabi–founded strategic investment and knowledge-bridging firm, has taken […]