The Abu Dhabi Commercial Bank (ADCB) has been granted permission to open a subsidiary bank in the Republic of Kazakhstan, following approval by the country’s authority for the regulation and development of the financial market. ADCB will act as the sole shareholder of the subsidiary bank, according to a government announcement, offering banking services, including […]
Fintech Alaan launches ‘Alaan Sawa’, pledging AED 3 million to cover utility and telecom bills for UAE SMEs
Alaan, UAE-born corporate card and spend management platform, today announced the launch of ‘Alaan Sawa: Better together’, an initiative created to support UAE SME businesses. The initiative will support up to 1,000 businesses across the UAE, with a total commitment of AED 3 million in benefits. As businesses across the UAE continue to manage rising […]
RAKBANK and Network International complete merchant acquiring transaction in the UAE
Dubai, United Arab Emirates: Further to the announcement made on 28 November 2025 regarding the strategic partnership between RAKBANK and Network International (Network), the transaction has now successfully closed following all required approvals from the Central Bank of the UAE. As part of the partnership, Network will provide its state-of-the-art payment solutions to serve RAKBANK’s customers […]
International Securities is the first broker to go live on Emirates NBD Pay using Visa’s AFT model
Dubai, UAE: Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, has announced that International Securities LLC, the UAE based brokerage firm, is now live on Emirates NBD Pay using Visa’s Account Funding Transaction (AFT) model, which allows clients to fund their trading accounts through secure, card-to-account transfers, with […]
QBurst Deepens Middle East Commitment, Appoints Shivkumar Subramaniam To Lead From Dubai
Dubai, United Arab Emirates | March 25, 2026: QBurst, a design-led digital engineering company powered by High AI-Q™, has appointed Shivkumar Subramaniam as Regional Head, Middle East, based in Dubai, UAE. The appointment underscores QBurst’s strategic commitment to building a locally-rooted presence in the Middle East and strengthening its ability to serve enterprises and governments […]
Ripple Joins MAS’s BLOOM Initiative and Partners with Unloq to Advance Programmable Settlement Infrastructure in Trade Finance
SINGAPORE, 25 March, 2026 – Ripple, the leading provider of blockchain-based enterprise solutions across traditional and digital finance, today announced its participation in BLOOM, an initiative by the Monetary Authority of Singapore (MAS). BLOOM – Borderless, Liquid, Open, Online, Multi-currency – is designed to extend settlement capabilities in tokenized bank liabilities and regulated stablecoins. Partnering with leading […]
Vault22 Launches AI-Powered Wealth Platform in the UAE
The unified platform integrates budgeting, investing, and Shariah-compliant solutions. Dubai, UAE, March 2026: Fintech platform Vault22 has launched in the United Arab Emirates, introducing an AI-powered wealth platform designed to help individuals budget, save, and invest more effectively through a single digital application. At its core, Vault22 is designed to simplify how people manage money. […]
Circle and Sasai Fintech Collaborate to Expand Access to USDC in Africa
Together, Circle and Sasai Fintech will explore practical applications for USDC and how Circle’s full stack platform can support reducing costs, frictions and settlement time for Sasai’s enterprise and consumer customers. NEW YORK, United States of America, March 24, 2026/ Circle Internet Group, Inc. (NYSE: CRCL), one of the world’s leading internet financial platform companies, […]
Revolut reports record profit of $2.3bn for 2025 as revenue surges to $6bn
Delivered fifth consecutive year of net profitability. Profit before tax up 57% to $2.3bn (£1.7bn) with a PBT margin of 38%, up from 35% in 2024. Group revenues rose 46% to $6.0bn (£4.5bn), up from $4.0bn (£3.1bn) in 2024, with strong growth across all revenue streams. 11 different product lines each exceeded c.$135m (£100m) in […]
Bank Muscat partners with Dynatrace to establish Oman’s first Enterprise Command Center
Muscat, Oman – Dynatrace (NYSE: DT), the leading AI-powered observability platform, today announced that Bank Muscat, the Sultanate of Oman’s largest bank by market share, has deployed the Dynatrace® platform to build the country’s first enterprise Command Center in the banking sector, that will strengthen operational resilience and accelerate incident response across critical digital banking services. […]