Cairo: Valu, a leading universal financial technology powerhouse in the Middle East and North Africa (MENA), has announced the launch of its new loyalty program, the first instant-cashback loyalty program for payments in Egypt. The program introduces a fundamentally new approach to customer rewards by granting cashback instantly upon transaction completion, eliminating the need for traditional point […]
QNB reported a 3% jump in net profit for the first six months of 2026 to reach QR8.7bn, demonstrating the stable nature of QNB Group’s financial results despite global headwinds. Earnings per share increased by 5% from June 2025 to reach QR0.89. Total equity increased by 10% from June 2025 to reach QR130bn. Operating income […]
Abu Dhabi, UAE: Following a comprehensive strategic review of its international investment portfolio, Emirates Telecommunications Group Company PJSC (“e&”) announced the termination of its Relationship Agreement with Vodafone Group PLC (“Vodafone”). In connection with this, e&’s Board representative has stepped down from his position as a non-executive Director of Vodafone. Following the termination of the Relationship Agreement, e& has […]
Bangalore, India – Equiti Group, a global fintech leader, has announced the launch of its India Technology Hub in Bangalore, marking a major investment in the group’s global innovation strategy and its ambition to build AI-powered technology that makes wealth more accessible to all. The best role of the Bangalore hub in global technology The Bangalore […]
Abu Dhabi, UAE, Modon has signed a Memorandum of Understanding (MoU) with Abu Dhabi Islamic Bank (ADIB) to introduce Abu Dhabi’s first-of-its-kind home financing solution for off-plan property purchases. For the first time in the emirate, eligible homebuyers will be able to access up to 75% off-plan home financing through ADIB. Available exclusively for future Modon […]
First transparency reports published by auditors of Public Listed Companies under DFSA Rules – the DFSA is the first UAE audit regulator to mandate such disclosures. A higher proportion of audit engagements were rated satisfactory, and there were fewer unsatisfactory ratings than in previous cycles. 74% increase in total fees, reaching US$ 33.5 million – […]
Dubai, UAE – Dubai Chambers has signed a Memorandum of Understanding (MoU) with Wio Bank to provide alternative banking services for members. The collaboration will provide small and medium-sized enterprises (SMEs) with streamlined access to business account opening and financing solutions designed to support their growth and operational efficiency. Through this collaboration, members of the Dubai […]
Deutsche Bank announced the expansion of its operations in Qatar with the establishment of a Research Centre of Excellence, reinforcing its long-term commitment to the Middle East and its role in supporting clients with differentiated insights across one of the world’s most dynamic markets. Deutsche Bank is connecting global investors with opportunities in the region The Bank’s […]
New offering gives UAE investors access to a diversified Asia Pacific growth strategy through Standard Chartered’s expanding wealth solutions platform. Dubai – Standard Chartered (“the Bank”) today announced the launch of its latest sub-fund under its Variable Capital Company (VCC) platform, with BlackRock acting as the sub-manager. The Signature Select APAC Allocation Plus fund is an Asia-focused multi-asset strategy […]
Remitly has been granted a Stored Value Facilities (SVF) and Exchange Business Category IV licence by the Central Bank of the United Arab Emirates (CBUAE), marking a significant milestone in the company’s expansion strategy across the UAE and the wider Middle East. The licence formally recognizes months of regulatory engagement and market preparation by Remitly, […]