New Shariah-compliant business account enables small businesses to put surplus cash to work automatically, without locking it away, as Pemo cements its position as the leading all-in-one spend management platform for the UAE’s SME economy. DUBAI, UAE: Pemo, the UAE’s leading all-in-one spend management platform, today announced the launch of its very first business account, […]
NEW YORK: Citi has hired Rohan Sen from Bank of America to lead coverage of the technology services sector, as the bank continues to bulk up its technology banking ranks, an internal memo seen by Reuters showed. In the memo, global co-heads of technology investment banking Pankaj Goel and Mark Keene said technology services is […]
Dubai Founders HQ has partnered with Mastercard, supported by Pemo, to launch a new founder finance solution designed to help startups and SMEs save money, strengthen cash flow, and operate more efficiently. Eligible businesses can access over AED10,000 in first-year value, including up to 2 percent cashback on eligible foreign exchange and advertising spend, complimentary […]
The acquisition strengthens the ability to connect digital assets and traditional payment rails, enabling secure, interoperable value exchange at scale. Mastercard (NYSE: MA) today completed its acquisition of BVNK, expanding the company’s strategy to support greater choice in how people and businesses exchange value by enabling interoperability across fiat and digital currencies. “Digital currencies — […]
The two solutions offer more flexible, convenient and faster payment options for customers across all federal entities. “Aani” enables secure, real-time fund transfers and payment settlements around the clock. Customers can make payments through “Aani” using a mobile number, Emirates ID, email address, QR code or bank account number “Jaywan” provides a secure and efficient […]
Dubai, UAE: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, today announces updates to the Prescribed Company (PC) Regulations, which are designed to broaden the use of PCs, DIFC’s equivalent of Special Purpose Vehicles or SPVs. The updated PC Regulations significantly expand and simplify […]
The National Bank of Bahrain (NBB) has officially launched its Multi-Currency Debit Card feature, a seamless, convenient, and accessible solution that empowers customers to manage and spend in multiple currencies directly through the NBB App. Available on Express Saver savings account debit cards, the feature enables account holders to link up to eight foreign currencies […]
Egypt remains an important market for HSBC Emirates NBD Bank Corporate and Institutional Banking with strong growth potential Holdings plc (‘HSBC’ or ‘HSBC Group’) today announces that its indirect subsidiary, Bank Egypt S.A.E. (‘HSBC Egypt’), has entered into an agreement to sell its retail banking business to Emirates NBD Egypt (S.A.E) (‘Emirates NBD’), a direct […]
Abu Dhabi, UAE: The Registration Authority (RA) of ADGM, the international financial centre of Abu Dhabi, has activated the Broker Classification Framework, marking the next phase of its commitment to enhancing professionalism by recognising top-performing brokers and strengthening their role as key stakeholders within the ADGM real estate ecosystem. The framework recognises high-performing real estate brokers operating within […]
The App Will Transform How Residents and Travelers Discover, Book, Pay, and Access Tourism and Lifestyle Services Across Syria ‘My Syria’ Becomes the First App in Syria to Enable Cross-Border Digital Payments with Apple Pay, Google Pay and Major International Cards Ministry of Tourism Backs Private-Sector Innovation to Accelerate Syria’s Digital Tourism Transformation Damascus, Syrian […]