Ébène, Mauritius – The Trade and Development Bank Group (TDB Group) is pleased to announce the successful conversion of its bilateral facility with Sumitomo Mitsui Banking Corporation (SMBC) into a Sustainability Linked Loan (SLL), the first of its kind to be received for TDB. The bilateral facility has been structured as an SLL effective 4 February 2026, […]
Dubai, United Arab Emirates – Rentify, a leading fintech and proptech innovator, today announced the launch of Rentify Pay, UAE’s first rent-native infrastructure layer. This launch marks a significant evolution from Rentify’s original “Rent Now, Pay Later” service, introducing a comprehensive platform that digitizes and streamlines the entire rental ecosystem for tenants, landlords, and property managers. […]
Alpha Wave’s investment portfolio includes leading AI companies such as SpaceX (Alpha Wave’s largest investment), Anthropic, OpenAI, Cerebras and others Judan investment to accelerate launch of Alpha Wave’s AI-native life insurance business Abu Dhabi, UAE: Judan Financial, a subsidiary of IHC, today announced its first strategic investment in US-based investment management firm Alpha Wave Global, […]
MANAMA, BAHRAIN – Flooss, Bahrain’s leading digital consumer-financing platform, today announced a strategic partnership with Optty, a global payments infrastructure provider, to expand the availability of Flooss’s digital financing solutions across merchant checkout experiences in the GCC. Founded in Bahrain by Fawaz Ghazal and Tariq Al Saffar, Flooss was established to address structural gaps in access to […]
Dubai, UAE – March 9 – ZagTrader, a global financial technology company powering institutional and digital market infrastructure, today announced an expanded connectivity capability that enables crypto exchanges to access institutional crypto order flow through Bloomberg EMSX, one of the most widely used execution management environments in global capital markets. With this capability, ZagTrader enables […]
Sharjah, UAE – Bank of Sharjah acted as Joint Lead Manager and Bookrunner in the successful issuance of a USD 600 million, five-year Sukuk for Omniyat Holdings, alongside other international and regional financial institutions. The transaction witnessed strong investor demand, with the order book reaching USD 1.8 billion, representing a three-times oversubscription. This robust participation reflects […]
ABU DHABI: The United Arab Emirates has consolidated its position as one of the world’s leading global and regional hubs in the e-commerce sector, benefiting from an integrated ecosystem that includes advanced logistics infrastructure, rapid digital transformation in government services, and a flexible regulatory environment that supports the digital economy. These factors have strengthened the […]
SoFi’s fully reserved U.S. dollar stablecoin will support settlement across the Mastercard network, including for SoFi Bank, N.A. Galileo, SoFi’s technology platform, will be among the first to offer its clients and their issuing banks the choice to settle transactions using SoFiUSD The Mastercard Multi-Token Network will look to support SoFiUSD, help expand interoperability between […]
Saudi leads with a $77.2bln market, according to advisory firms DinarStandard and Elipses. The global Islamic fintech market is forecast to reach $341 billion by 2029, driven by rising appetite for digital assets and robust activity in the Middle East. The sector, valued at $198 billion in 2024/25 in terms of transaction volume, is poised […]
Packaging becomes the sixth consumer-focused vertical with ISEM as an anchor Abu Dhabi, UAE – 2PointZero Group PJSC (ADX: 2PointZero), a next-generation investment powerhouse focused on energy and consumer sectors, announced today that it has formally completed the transaction to acquire a majority position in ISEM, a leading European packaging group serving beauty, fashion, luxury, nutraceuticals […]