(Bloomberg) — Temasek Holdings Pte.’s $54 billion asset management holding company is opening an office in Abu Dhabi, joining a flurry of financial firms that have recently set up in the oil-rich emirate. The firm, known as Seviora, will be based in the city’s financial hub, ADGM. “The new office, coupled with Seviora’s existing offices […]
UAE, Dubai – Tap. Pay. Done. This simple, secure, and increasingly mobile action has transformed the shopping experience and unlocked opportunities for small businesses worldwide. Today, Visa announced that Tap to Phone has experienced a 200% increase over the past year, supporting millions of sellers of all sizes. In the UAE, adoption rates have also surged, […]
Doha, Qatar: Ooredoo Fintech has announced a strategic partnership with Mashreq to transform payroll solutions for businesses across Qatar. This collaboration will offer seamless, secure, and compliant Wages Protection System (WPS) salary payment services through Ooredoo Money, enhancing efficiency and promoting financial inclusion while adhering to Qatar Central Bank (QCB) regulations. The agreement was officially […]
Dubai, UAE – Al Ansari Financial Services PJSC announced that its shareholders have approved the Board of Directors’ recommendation to distribute a total cash dividend of AED 315 million (4.2 fils per share) for 2024. This represents approximately 78% of the company’s net profit after tax for the year. During the Annual General Assembly, shareholders approved […]
DUBAI, United Arab Emirates; March 19, 2025 – Accenture (NYSE: ACN) has joined forces with the Commercial Bank of Dubai (CBD) to train the bank’s employees in the fields of data and AI. As the first bank in the UAE to launch an enterprise-wide data literacy programmme, CBD is setting a new standard by enabling […]
Muscat, Oman – March 20, 2025 – Amwal Pay, a leading provider of digital payment solutions, has announced the expansion of its services in Oman with the introduction of an integrated and advanced online payment gateway, designed to enhance the digital payments ecosystem and provide businesses with a seamless, fast, and secure payment experience. With a […]
Dubai, UAE – Checkout.com, a leading global digital payments solutions provider, has partnered with Tabby, the financial services and shopping app, to offer flexible and high-performing payment solutions to merchants in the UAE and Saudi Arabia. This partnership integrates Tabby’s popular BNPL solutions directly into Checkout.com’s platform, allowing merchants to offer consumers seamless, flexible payment methods […]
Los Angeles, CA & Beirut, Lebanon – March 7, 2025 – Resecurity, a U.S.-based cybersecurity company protecting Fortune 500 companies and government agencies globally, has announced a strategic partnership with the Union of Arab Banks (UAB) to enhance cybersecurity capabilities, fraud prevention, and threat intelligence sharing across the Arab banking and financial sectors. The Union of Arab Banks (UAB), which represents over […]
MUSCAT: Reinforcing its commitment to Oman’s digital transformation, BankDhofar—the nation’s largest bank by branch network—has signed a Memorandum of Understanding (MoU) with Smartech, an Omani software solutions specialist, to establish a strategic partnership that integrates accounting and electronic payment solutions. This collaboration aims to enhance digital financial services by merging Smartech’s system with BankDhofar’s Soft […]
Sharjah, UAE – Bank of Sharjah, one of the leading commercial banks in the UAE, has announced its financial results for the year ended 31 December 2024, reporting a record profit before tax of AED 416 million and a significant turnaround from the AED 275 million loss recorded in the preceding year. With net profit after […]