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 […]
Dubai, November 10, 2025: VEON 3Q25 Highlights Total revenue growth of 7.5% year-on-year (“YoY”) to USD 1,115 mn. EBITDA growth of 19.7% YoY to USD 524 mn Direct digital revenue growth of 63.1% YoY to USD 198 mn, representing 17.8% of Group revenue. Financial services revenues grew 32.6% to $107.5 mn Total cash, cash equivalents […]
Nov 8 (Reuters) – U.S. payment firms Visa (V.N) and Mastercard (MA.N) are nearing a settlement with merchants by lowering fees stores pay and giving them more power to reject certain credit cards, the Wall Street Journal reported on Saturday, citing people familiar with matter. Visa and Mastercard would trim interchange fees, typically 2% to […]
Strategic partnership unlocks quick access to purchase order financing through an automated platform Initiative to enhance SME cash flow, strengthen supply chain resilience, and support UAE economic diversification Abu Dhabi, United Arab Emirates, November 07, 2025: ADNOC has signed a strategic partnership with Comera Financial Holdings to enhance financial access for ADNOC’s UAE-based small and […]
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 […]