Bahrain – BENEFIT, the Bahraini innovator and a leading company in fintech and electronic financial transactions service, and Ant International, a leading global digital payment, digitisation and financial technology provider, headquartered in Singapore, have partnered to launch cross-border QR payments between Bahrain’s BENEFIT QR payment scheme and Ant International’s global wallet gateway, Alipay+, during 2026 support […]
In a landmark move that reaffirms its position as a leader in financial innovation, National Bank of Kuwait (NBK) has announced the launch of Kuwait’s first-ever Point-of-Sale (POS) Financing solution, exclusively tailored for small and medium enterprises (SMEs). This groundbreaking service marks a major milestone in SME banking, offering businesses access to financing of up […]
Manama, Kingdom of Bahrain: In a significant move reflecting its leadership in shaping the digital financial landscape in the Kingdom of Bahrain, FLOOSS, a pioneering provider of digital financing solutions licensed by the Central Bank of Bahrain as an instant Islamic finance company, has announced an increase in its standard financing limit. Going from BD […]
Dubai-UAE: Dubai Future Foundation (DFF) and Dubai Land Department (DLD) have partnered to boost innovation in property technology (PropTech). The partnership comes under DFF’s Sandbox Dubai, an initiative that aims to develop the city’s regulatory frameworks in support of the Dubai Economic Agenda (D33). PropTech Sandbox further seeks to foster a regulatory environment that accelerates the […]
Abu Dhabi, UAE — Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, on Wednesday executed the first-ever cross-border payment using the UAE’s central bank digital currency (CBDC), marking a historic milestone in the nation’s digital financial transformation. The landmark Digital Dirham transaction—conducted between the UAE and […]
Collaboration to assess joint opportunities across insurtech and govtech to enable seamless access to services for citizens, residents and visitors Agreement aims to simplify digital experiences and support regional trade and innovation across the UAE and Saudi Arabia Abu Dhabi, UAE: First.tech, a global AI-driven group operating across insurtech, fintech, and govtech, has signed a Memorandum […]
Kuwait: As part of its strategy to drive digital transformation across all services and products offered to its customers and meet their evolving needs, Warba Bank announced the launch of its new digital platform, Warba Invoice Gate, designed to streamline and accelerate the processing of supplier invoices related to individual financing products (auto financing, medical […]
ABU DHABI, UAE: I.M. Mamlouk & Co., a recently established private equity firm headquartered in Abu Dhabi Global Market (ADGM), has been granted additional regulatory approval to manage private equity collective investment funds. Founded by former J.P. Morgan banker and Public Investment Fund (PIF) investor Issam Al-Mamlouk, the firm is positioned to deploy strategic capital […]
Dubai, UAE: Comera Pay is excited to unveil their latest innovation designed for today’s global lifestyle — the Comera Multi-Currency Visa Card. Whether you’re managing international transactions, making cross-border purchases, or spending in multiple currencies, this card makes global transactions simpler, smarter, and more secure. Key Highlights: ✨ Hold and spend in multiple currencies ✨ […]
Muscat – The Central Bank of Oman (CBO) has announced the approved fee structure for the national payment card “Maal” consumer Debit and Prepaid card. The announcement of the “Maal” card fee structure comes in conjunction with the announcement of the pilot launch of the card on November 20, coinciding with the celebration of Oman’s […]