In May 2022, Amazon entered into an Option Agreement with EFG Holding, acquiring USD 10 million of EFG Holding GDRs. Cairo, Egypt — U Consumer Finance S.A.E., known under the trademark Valu, a subsidiary of EFG Holding, and EFG Holding are pleased to announce that Amazon has agreed to exercise its option to acquire a direct […]
The increase was due to AED5.1 billion growth in currency in circulation outside banks, overriding the AED1.4 billion decrease in monetary deposits. The Central Bank of the UAE (CBUAE) announced the increase in money supply aggregate M1 by 0.4%, from AED982.4 billion at the end of February 2025 to AED986.2 billion at the end of […]
Sharjah, As women in the UAE continue to rise as economic decision-makers, NAMA Women Advancement’s Financial Literacy Programme offers a practical model for how strengthening financial skills can further elevate their role in society. When Mariam Al Naqbi, a mother from Al Madam in Sharjah, started teaching her children about saving during dinner, it was more […]
Since entering the MENA region in April 2025 with the launch of its regional headquarters in Dubai, the AI-powered investment intelligence platform has unveiled a cutting-edge solution that provides personalized alerts and contextual insights across asset classes, empowering trading platforms and wealth advisors to boost user engagement and help investors make timely, informed decisions in […]
Backed by government initiatives, regulatory reforms, and rising consumer demand, the country is quickly becoming a regional hub for digital finance and online retail. Doha: Qatar’s fintech and e-commerce sectors are experiencing unprecedented growth as the nation accelerates its transition to a digital economy, in line with the Qatar National Vision 2030. Backed by government […]
Abu Dhabi, UAE – First Abu Dhabi Bank (FAB), the UAE’s global bank and one of the world’s largest and safest financial institutions, has become a Direct Participant (DP) of the Cross-border Interbank Payment System (CIPS), the official cross-border payment infrastructure for Renminbi (RMB). FAB’s direct participation in CIPS enhances its ability to provide clients with […]
‘People in UAE used to expecting more from their cards’, says Al Etihad Payments CEO. Dubai: The UAE’s domestic debit card scheme – Jaywan – will launch offering ‘generous’ incentives and promotions to ‘speed up acceptance’ among all the cardholders. This will be a key element in ensuring the immediate acceptance of Jaywan among its user base […]
Dubai, UAE, 20 June 2025 — Visa (NYSE: V) today announced the appointment of Tareq Muhmood as Regional President for Central and Eastern Europe, Middle East and Africa (CEMEA). In his new role, the established Visa leader will be responsible for leading operations across more than 86 innovative and fast-growing markets. Visa’s CEMEA operations today serve […]
Contact Financial Holding’s Insurance Division Shines in 1Q-25: Net Income Jumps 767% YoY to EGP 43mn. Cairo, Contact Financial Holding (CNFN.CA), Egypt’s leading non-bank financial services provider, announced today its consolidated financial results for 1Q25. The Group delivered a strong start to the year, boasting a solid 30% y-o-y increase in consolidated operating income, to reach EGP […]
Dubai, UAE: Mastercard and enza – a payment solutions company – have collaborated to connect fintech companies across Africa to the Mastercard network. This collaboration will enable fintech players to build propositions on the enza platform that serve both consumers and businesses with embedded Mastercard payment solutions capabilities. According to a report by the European Investment […]