Kuwait City: KIPCO – Kuwait Projects Company (Holding) – reported a record operating profit of KD 88.7 million (US$ 290.5 million) for the first six months of 2025, a 9.9% increase from the KD 80.8 million (US$ 264.6 million) reported for the corresponding period in 2024. Operating revenue also increased 6% to reach KD 769.1 million […]
Dubai, UAE: Zand, an AI-powered Fintech and financial services group in the United Arab Emirates, has announced the signing of a strategic agreement with Mastercard to collaborate on enhancing cross-border payment solutions. Leveraging Mastercard Move’s money movement solutions, this collaboration will enable seamless, secure, and efficient cross-border money transfers offered by Zand to its customers. In the […]
Integrated within PRYPCO Blocks. Dubai, UAE – Revolutionizing real estate investment with the power of technology and fractional ownership, PRYPCO, the UAE’s pioneering PropTech platform, has partnered with Ovaluate, the world’s first and only intelligent, AI-driven Automated Valuation Model (AVM) platform, to launch the first-ever instant valuation engine for fractional real estate. Integrated within PRYPCO Blocks, […]
New capability via ADX allows the bank to offer enhanced tools, products and credit facilities to trading members. Dubai, UAE: Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, has announced that it has secured approval to become a General Clearing Member (GCM) for UAE equity markets through the […]
TORONTO–(BUSINESS WIRE)– CI Financial Corp. (“CI” or the “Corporation”) (TSX: CIX) and Mubadala Capital today announced the successful completion, effective August 12, 2025, of the previously announced acquisition of CI, one of North America’s leading diversified asset and wealth management companies. The C$12.1-billion transaction marks a significant milestone in Mubadala Capital’s growth ambitions, accelerating its […]
In Q2 2025, net profit attributable to shareholders soared to $44.2 million, marking an 8% increase from $41 million during the same period last year. This strong performance was strategically powered by diversifying income sources and reducing reliance on net interest income, achieved through offering value-added, differentiated products and services across the Bank’s business lines. The […]
Standard Chartered announced today the launch of its direct custody services in Egypt, further expanding its global post-trade offering across the Middle East and North Africa (MENA). This important milestone builds on the successful rollout of its direct custody services in the Kingdom of Saudi Arabia earlier this year and reflects the Bank’s broader strategy […]
In just four months, the bank implemented Finastra Corporate Channels and upgraded to the latest version of Finastra Trade Innovation. Dubai, UAE – Finastra, a global leader in financial services software, announced that AlRayan Bank, one of Qatar’s largest Islamic banks with an international footprint, has successfully gone live with Finastra Corporate Channels, enhancing and […]
The awards recognise the most innovative banks across the world for their digital banking initiatives that demonstrate creativity, measurable impact, and set new benchmarks for the fintech industry. The Banker magazine, owned by the Financial Times and based in London, named Arab Bank the “Middle East winner” at The Banker’s Technology Awards 2025, a recognition […]
Ant International signs Memorandum of Understanding (MoU) with Abu Dhabi Investment Office (ADIO) to collaborate on local financial technology innovation. Strategic partnership aims to strengthen Abu Dhabi’s position as the Capital of Capital by expanding the emirate’s digital financial infrastructure and accelerating cross-border fintech innovation Abu Dhabi, UAE – The Abu Dhabi Investment Office (ADIO) has signed […]