Dubai, United Arab Emirates: The Dubai Financial Services Authority (DFSA), the independent banking, financial services, and markets regulator of Dubai International Financial Centre (DIFC), today published Consultation Paper No. 173 (CP 173), proposing significant updates to its Collective Investment Fund framework. The DFSA’s funds framework was established in 2006, and these proposals mark its most significant review […]
AlGhamdi to lead Microsoft Arabia as the company prepares for the launch of its Saudi Arabia cloud region and continues to support the Kingdom’s AI and digital ambitions . Microsoft appoints Ayman AlGhamdi as President, Microsoft Arabia, effective July 5, 2026. AlGhamdi brings 14 years of experience at Microsoft, most recently serving as Vice President, Public Sector in Saudi Arabia, where he worked […]
Dubai, UAE: Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, and Techstars, one of the world’s leading startup accelerators, announced a strategic partnership to drive AI and FinTech innovation in the region. The collaboration marks a shift from traditional startup mentorship towards a commercially driven “Acceleration-to-Enterprise” model, designed […]
Visa has unveiled new capabilities under Visa Accept and Visa Direct that turn smartphones into payment tools for small businesses, part of a global push the company said is already relevant to Qatar’s high contactless retail environment. The rollout, announced globally on June 30, targets microsellers and merchants in emerging markets, allowing them to accept […]
DUBAI: Dubai’s Roads and Transport Authority (RTA) has announced the completion of 72% of the project to develop and upgrade the existing nol system, Dubai’s Nol Card to work like Bank Card currently operating on card-based ticketing (CBT), into a digital payment system powered by account-based ticketing (ABT). The upgraded system will be the latest […]
TotalPay has officially received approval from the Saudi Central Bank (SAMA) to operate as an Ecommerce Payment Technical Service Provider (PTSP) in the Kingdom of Saudi Arabia, marking a significant milestone in the company’s regional expansion. Solutions to businesses, Ecommerce Payment Technical Service Provider The approval reinforces TotalPay’s commitment to delivering secure, reliable, and innovative […]
Perk (formerly TravelPerk), the intelligent AI-native platform for travel and spend management, today announced the opening of its Perk Middle East office in ADGM, the international financial centre of Abu Dhabi, in partnership with the Abu Dhabi Investment Office (ADIO). About the Perk Middle East office The expansion reflects Abu Dhabi’s continued emergence as a […]
Dubai, UAE – KamelPay, the UAE-born fintech building integrated financial solutions for businesses and their workforce, has launched AbsoluteCard, a complete corporate payments ecosystem built for the way businesses spend, control and reconcile. AbsoluteCard brings together a web portal, a mobile app and a corporate card powered by the Mastercard network and sponsored by Mawarid Finance. […]
Mete Guney, Executive Vice President, Market Development, EEMEA, Mastercard and Kaan Terzioglu, CEO, VEON Group Dubai – VEON Ltd. (Nasdaq: VEON), a global digital operator, and Mastercard collaborate to accelerate the development of inclusive, intelligent, and accessible Financial Services Accessibility across Ukraine, Kazakhstan, Pakistan, and Uzbekistan. The collaboration is designed to bring together VEON’s local digital […]
Dubai, United Arab Emirates – Standard Chartered today announced the launch of its capability enabling institutional clients to access USDC minting and redemption, developed in partnership with Circle Internet Group, Inc. (Circle) (NYSE: CRCL), the issuer of USDC[1] through its regulated entities. The launch makes Standard Chartered the first Global Systemically Important Bank (G-SIB) licensed to offer […]