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 […]
This landmark initiative represents a major step forward in building a strong, collaborative, and future-ready (re)insurance ecosystem. Abu Dhabi, UAE – In a groundbreaking move for the UAE’s financial and (re)insurance sectors, the first-ever (Re)insurance Association, has been officially launched within the ADGM, the international financial centre of Abu Dhabi. This landmark initiative represents a major […]
This decision was taken following the US Federal Reserve’s announcement today to keep the Interest Rate on Reserve Balances (IORB) unchanged. Abu Dhabi: The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 4.40%. This decision was taken following the US Federal Reserve’s announcement […]
Kamco Invest, a regional non-banking financial powerhouse with one of the largest AUMs in the region, today (July 28) announced that its private equity team has acquired a stake in Foodics, a leading cloud-based technology and payments platform for restaurants in the Mena region. Foodics was established in 2014 and supports more than 33,000 restaurants […]
Ajman, United Arab Emirates: Ajman Bank, one of the leading Shariah-compliant banks in the UAE, has partnered with MENSA Technologies, an innovative fintech company, in a strategic alliance aimed at enhancing the delivery of Wage Protection System (WPS) services across the region. This collaboration combines Ajman Bank’s robust banking infrastructure with MENSA Technologies’ agile digital payroll […]
Reaffirms a shared commitment to pioneering innovation, setting an elevated benchmark for digital banking experiences across Oman. Muscat: Arab Financial Services (AFS), the Middle East and Africa’s premier digital payment solutions provider and fintech enabler, today announced a significant expansion of its enduring strategic partnership with Oman Arab Bank (OAB). This expansion reaffirms a shared […]
The UAE-based company will offer a 100% Shariah-compliant global trading platform . Abu Dhabi, UAE, 29 July 2025: Tabadulat Limited (Tabadulat), a UAE-based Shariah-compliant investing platform registered with ADGM, the international financial centre of the UAE Capital Abu Dhabi, has received In-Principle Approval from ADGM’s Financial Services Regulatory Authority (FSRA). The announcement follows the UAE […]
Results fuel Dubai’s economic vision and demonstrate global leadership in financial services and innovation. Maktoum bin Mohammed: The unprecedented results achieved by DIFC reflect Mohammed bin Rashid’s vision to position Dubai at the forefront of the world’s most advanced financial centres “Dubai has entered a new and greater phase of growth, and these results highlight the […]