Dubai: TMF Group, a global leading provider of administrative asset servicing, corporate and compliance services, today announced it has received regulatory approval from the Dubai Financial Services Authority to operate as a Fund Administrator within Dubai International Financial Centre (DIFC). In addition, TMF Group will also be licensed to act as a Corporate Service Provider. This […]
Bitexen MENA has been granted a Financial Services Permission (FSP) to operate a Multilateral Trading Facility (MTF) in relation to virtual assets and fiat-referenced tokens, and Bitexen Custody has been granted an FSP to Provide Custody services in relation to virtual assets and fiat-referenced tokens, by the FSRA of ADGM, the international financial centre (IFC) […]
NEW YORK & ABU DHABI, UAE – Cantor, a premier global investment bank and part of the Cantor Fitzgerald group of companies, today announced that The Financial Services Regulatory Authority (“FSRA”) of ADGM, the international financial center of Abu Dhabi, has granted the firm approval to conduct regulated financial activities within the ADGM. The approval, […]
Early issuing partners in Egypt engaging in the Visa Agentic Ready program include National Bank of Egypt, Banque Misr, Qatar National Bank Egypt, Arab African International Bank, Alex Bank, and Bank NXT. Cairo, Egypt: Visa, a global leader in digital payments, today announced the launch of its global Agentic Ready program in Central Europe, Middle East, […]
Cairo, Egypt : Mastercard and CIB, Egypt’s leading and largest private-sector bank, have renewed their partnership to support digital payments innovation and expand access to financial solutions in Egypt. This partnership enables Mastercard to support CIB across core digital payments capabilities and card issuance, allowing the bank to deliver secure, seamless, and efficient payment experiences for consumers […]
MANAMA, Bahrain: ARP Digital, a regulated digital capital infrastructure platform, today announced its integration into the Fireblocks Network for Payments as the network’s designated GCC corridor settlement partner. The collaboration enables fintechs, payment service providers, and financial institutions operating on the Fireblocks Network to access regulated on/off-ramp and corridor settlement infrastructure across the GCC’s primary […]
Dubai, UAE, May 2026: Payit, a leading digital financial platform in the UAE backed by First Abu Dhabi Bank, has partnered with Rewardz to launch its customer rewards programme. marking another milestone in Payit’s evolution into a broader digital financial ecosystem designed to help customers send, spend, save, borrow, and manage their finances through one […]
Dubai, UAE – Mashreq, a leading financial institution in the MENA region, has announced the launch of its groundbreaking One-Day Service Promise to business customers, making the bank the first in the UAE to guarantee business account opening within one day. This service will be offered through NEO BIZ, Mashreq’s digital-first business banking proposition, backed by […]
Rain Financial Inc. (“Rain”), a regulated crypto brokerage and custodian in the GCC, today announced a multi-jurisdictional banking agreement with Standard Chartered. Under the agreement, Standard Chartered will provide banking services to Rain in the Kingdom of Bahrain and the United Arab Emirates, including segregated client money accounts, fiat settlement, and correspondent banking supporting Rain’s […]
Rise in asset and fund managers supports 57% growth in AUM in Q1 2026. Number of asset and fund managers up 24% to 179, number of funds managed out of ADGM jumps 43% to 263. ADGM currently has 13,353 active licences, with 961 new licences issued during Q1 2026. Workforce continues to strengthen within ADGM, reaching 47,047, a 44% increase. Financial services firms grew by 30% to 365 at the end of […]