TerraPay, a global money movement company, has joined forces with Dubai Duty Free (DDF), the world’s largest single airport retailer, to revolutionize the shopping experience for over 100 million customers. This strategic partnership enables travellers to make purchases using their home-country digital wallets, driving a new era of convenience and accessibility in payment solutions. Through […]
Kuwait: Kuwait Credit Information Network Company (CINET) launched the credit information exchange with the Bahrain Credit Reference Bureau, operated by the BENEFIT Company, to facilitate commercial credit inquiries between Kuwait and Bahrain. This step comes in line with the GCC Supreme Council decision approving the exchange of credit information between GCC member states. The agreement was […]
Dubai, UAE: The Dubai Financial Services Authority (DFSA) today announced the release of its Business Plan for 2025-2026, Advancing Regulatory Excellence and Innovation within the Dubai International Financial Centre. Aligned with Dubai’s Economic Agenda D33, Digital Dubai, and the DIFC 2030 Strategy, the Plan sets out the DFSA’s vision to reinforce the Dubai International Financial Centre (DIFC) as a […]
Dubai, UAE – Mastercard has joined forces with Payrails, a payment technology company, to accelerate digital payment transformation and foster innovation tailored to the needs of large enterprises. Through this partnership, the two companies aim to provide efficient payment solutions that enable global businesses to streamline complex transactions, boost flexibility, and optimize financial operations. Combining Payrails’ […]
Abu Dhabi, UAE – Arcapita Group Holdings Limited (“Arcapita”), a global leader in alternative investments, announces its license to operate from ADGM and the opening its new office in Abu Dhabi. The launch of Arcapita Investment Management Limited is part of Arcapita’s strategic expansion in the region. Stéphane Brown, Group COO, has been appointed as Senior […]
Muscat. In line with its intuitive efforts to empower Small and Medium Enterprises (SMEs) through well-articulated solutions, ahlibank has recently announced the launch of its Point of Sale (POS) Financing Program for SMEs. The new program is geared towards SMEs who are willing to use, or are already using, ahlibank’s POS machines, granting short/medium term loans […]
Dubai, United Arab Emirates — In an exciting partnership that sets a new benchmark in the UAE rental market, Keyper has joined forces with the First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, and Dubai First in partnership with Mastercard to make Keyper’s one-of-a-kind Rent Now, […]
Dubai, UAE – 03 February 2025: Etihad Credit Insurance (ECI), the UAE Federal export credit company, joined the KYC Blockchain Platform, marking a first for the insurance sector. Led by the Dubai Department of Economy and Tourism (DET), the initiative aims to improve ease of doing business, company KYC compliance, and customer data quality and enable […]
Qatar’s digital payments market is rapidly expanding, with the number of users projected to reach 2.87 million by 2028. February 03, 2025: BKN301 Group, a London-based Banking-as-a-Service technology provider dedicated to empowering the financial industry and operating in European and MENA markets, has designated its Qatar office as the company’s regional headquarters for the MENA region, […]
The Commercial Bank of Dubai (CBD) logged net profits after tax worth AED 3.02 billion in 2024, marking an annual increase of 14.30% from AED 2.65 billion. Total operating income jumped by 11.20% year-on-year (YoY) to AED 5.49 billion as of 31 December 2024 period from AED 4.93 billion, according to the consolidated interim financial […]