UAE banks are raising the bar on digital lending. They want faster time to yes, transparent risk, and credible ROI. AdalFi’s latest numbers speak to that mandate. The company confirms more than $200M in lending enabled through partner banks with defaults steady at 0.2%. Its AI model has now processed 1.2B+ transactions, evaluated 30M+ borrowers […]
The ‘Mujib for Business’ card is designed to help companies manage their operations with greater efficiency and flexibility. MUSCAT – In line with the national drive to embed innovative digital solutions in the payments sector, Thawani has unveiled the ‘Mujib for Business’ card, the Sultanate of Oman’s first fully integrated smart financial card designed to […]
Dubai, UAE – American Express Middle East has announced a strategic partnership with Emirates NBD Pay, marking a significant step in expanding the reach and capabilities of both organizations across the United Arab Emirates. The collaboration is set to deliver smarter, faster, and more secure payment solutions, benefiting American Express Card Members, business partners, and […]
Greenstone-represented funds have raised more than $100 billion across private equity, venture capital, private credit, private real estate, secondaries, hedge funds, and infrastructure. Greenstone bridges the gap between DIFC investors and global private investment funds. Dubai, UAE: Greenstone, the largest fund placement firm in the Middle East, has obtained a Category 4 licence from the Dubai Financial Services Authority (DFSA) to […]
Property Finder, the leading real estate classifieds platform in the Middle East, announced that Permira and Blackstone Inc. are acquiring a $525 million minority stake in the company. The deal, subject to regulatory approvals, marks Permira’s first investment in the Middle East and underscores continued global investor appetite for Dubai’s real estate sector. As part […]
AdalFi has announced two leadership appointments aimed at GCC scale. The company named Ian Read as Head of Credit Excellence and Emre Unlusoy as Head of Sales for MEA. The strategy speaks to a UAE market where DIFC and ADGM institutions are accelerating digital transformation and prioritizing measurable outcomes in lending. Read brings three decades […]
Revolut has received in-principle approval for its Stored Value Facilities and Retail Payment Services (Category II) licences from the Central Bank of the UAE (CBUAE) 9th September, Dubai, UAE – Revolut, the global financial app with over 60 million customers worldwide, today announced it has received in-principle approval for its Stored Value Facilities and Retail […]
AUMs jump 42%, with 154 Fund/Asset Managers and 209 funds operating from ADGM. ADGM issues 1,869 new licences in H1 2025, bringing the total of active licences to 11,128 H1 2025 was defined by transformative deals between top Abu Dhabi institutions and ADGM-registered entities. ADGM is also the region’s largest IFC by market capitalisation, with […]
Kuwait: In continuation to the yearly performance report published in April 2025, KPMG Kuwait published it’s Kuwait-specific half-yearly banking report summarizing the financial performance of the country’s listed banks in H1’2025. Titled Kuwait listed banks’ results – H1’2025, the report offers a comparative analysis of Kuwait’s nine listed commercial banks’ financial results for half year ending June […]
Manama, Bahrain – The Ministry of Transportation and Telecommunications has signed a strategic cooperation agreement with stc Bahrain to launch the Kingdom’s first digital bus station, this pioneering step is part of the government’s efforts to adopt smart and innovative solutions, consolidating the Kingdom’s position as a regional leader in smart and sustainable urban mobility. The stc […]