ADGM, the international financial centre of the UAE capital, has accomplished another quarter of robust growth and increased global recognition, sustaining momentum from a record-breaking 2024. In Q1 2025, ADGM achieved significant growth across key metrics, supported by ongoing global investor confidence, regulatory enhancements, and the successful implementation of major initiatives within its expanded jurisdiction […]
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has signed a strategic cooperation agreement with Bahrain Clear, a fully-owned subsidiary of Bahrain Bourse, to launch eIPO Service (electronic initial public offering service) on BenefitPay. This initiative marks a significant advancement in streamlining investor access to public share offerings on the […]
This initiative comes as part of a package of incentive measures adopted by the SCA to align its regulatory framework with the fast-moving landscape of digital finance. ABU DHABI – The Securities and Commodities Authority (SCA) has officially launched the region’s first “Finfluencer” licence – an innovative regulatory milestone aimed at formalising and supervising digital […]
Partnership marks significant milestone in payment operations automation in GCC. [Dubai, 29st May 2025] – PayTic, a leading payment operations automation platform, today announced a strategic partnership with NymCard, marking PayTic’s entry into the GCC with its first strategic client. This collaboration represents a significant milestone in bringing advanced payment automation solutions to the rapidly […]
Dubai, UAE: Mashreq, one of the leading financial institutions in the MENA region, has announced the launch of Aani Instant Payments, a new solution enabling SME businesses to collect payments from their customers instantly, securely, and seamlessly with no IBAN required. The new Aani Instant Payments solution allows Mashreq’s SME customers to generate a link or […]
Dubai, UAE – Ragilly today announced a new strategic partnership with Visa, a world leader in digital payments, designed to revolutionize business-to-business (B2B) payments and invoice financing through an innovative Business Payment Solution Provider (BPSP) platform Finigenie. This transformative offering is set to empower businesses in the UAE by digitizing and optimizing their vendor payments, […]
For breaching common reporting standard regulations, foreign account tax compliance regulations. ADGM’s Financial Services Regulatory Authority Fines 23 Entities for Breaching Common Reporting Standard Regulations, Foreign Account Tax Compliance Regulations Abu Dhabi, 26 May 2025: The Financial Services Regulatory Authority (FSRA) of ADGM imposes penalties totaling AED 610,000 on 23 entities for contraventions of the […]
Developed in partnership with Transworld Business Advisors, the platform specialises in mergers and acquisitions and is accessible to investors worldwide. Mohamed Al Musharrkh: The platform reinforces Sharjah’s status as a regional hub for M&A activities in the SME sector. Ahmad Ibrahim: We are confident in the long-term impact this platform will have in enhancing the […]
Abu Dhabi, UAE: On the final day of Make it in the Emirates 2025, Emirates Development Bank (EDB), the UAE’s key financial engine for economic diversification and industrial growEmirates Development Bank (EDB), the UAE’s key financial engine for economic diversification and industrial growth, has launched EDB 360, a groundbreaking, fee-free digital banking platform built to supercharge the ambitions […]
Dubai – areeba, a global leader in payment infrastructure, has partnered with Foo, a pioneering provider of digital banking and fintech solutions, to introduce a fully integrated – program for digital services. This bundled offering enables banks and fintechs to build their own secure and scalable card programs and wallets without the need for complex infrastructure. This […]