Dubai, UAE: Tarabut, MENA’s leading open banking and embedded finance platform, has received in-principle approval from the Central Bank of the United Arab Emirates (CBUAE) following the introduction of the UAE’s Open Finance regulation. This milestone positions Tarabut at the forefront of Open Finance in the region and marks the third national regulatory license for the […]
Abu Dhabi: The Central Bank of the United Arab Emirates (CBUAE) has issued its 2024 Financial Stability Report, which includes a comprehensive assessment of financial system stability and financial developments across sectors amidst increased global challenges and risks. The report affirmed the robustness of the UAE banking sector, supported by strong capital and liquidity buffers, alongside […]
– Strengthens service delivery across aviation and specialty lines from a strategic global hub – Reinforces AI12’s commitment to trust, transparency, and international standards Dubai, UAE – AI12 Ltd., a global specialist insurance and reinsurance brokerage, is proud to announce its official establishment as a DFSA-regulated entity within the Dubai International Financial Centre (DIFC). This milestone […]
Dubai, UAE: Abu Dhabi Islamic Bank PJSC (ADIB), a leading Islamic financial institution, has partnered with Visa, a global leader in digital payments, to launch Remit!, a new real-time cross-border money transfer service. Powered by Visa Direct, the service enables ADIB customers to send money to more than 11 billion cards, digital wallets, and accounts worldwide, […]
More than two decades ago, Veronica Studsgaard found herself navigating the complexities of a new business in an unfamiliar industry. With limited access to peers and no clear platform for collaboration, she recognised a critical gap in the cross-border payments sector. Determined to create a space for knowledge exchange, partnership and innovation, Veronica founded the International Association […]
Ras Al Khaimah Economic Zone (RAKEZ) has partnered with UAE-based fintech company Peko to offer its clients a range of automated services that streamline day-to-day operations. From invoicing and payroll to utility payments and business travel bookings, the new services are accessible via RAKEZ’s client portal, supporting SMEs with greater convenience and control. The partnership […]
DFM’s total consolidated revenue increased by 191% to AED 888.9 million in the first half of 2025, driven by strong trading activity and diversified income streams and one-off income from the sale of an investment property. Total traded value grew by 77% year-on-year to AED 85 billion, with institutional investors accounting for 71% of activity. […]
Karachi, Pakistan – Kuickpay has announced a strategic partnership with Visa, the world leader in digital payments, to launch an innovative Business Payment Service Provider (BPSP) platform. This collaboration aims to modernize business-to-business (B2B) payments and invoice financing across Pakistan. The new platform is set to empower businesses in Pakistan by digitizing and optimizing their vendor payments, […]
Manama, Kingdom of Bahrain: Khaleeji Bank, one of the leading Islamic Banks in the Kingdom of Bahrain, has recently announced an exclusive, limited time package of privileges for clients who apply to transfer their credit card balances to Khaleeji. Through this offer, Khaleeji will waive its profit for six months, reducing the profit rate to 0% […]
Qatar Central Bank (QCB) has granted Express Sandbox entry approval to Paywise LLC (Dibsy), which offers Open banking powered payment initiation services. In a post on the X platform, QCB stated that this step is in line with the Third Financial Sector Strategy, the FinTech Strategy, and the Bank’s broader efforts to develop and regulate […]