Etihad Credit Insurance (ECI), the UAE’s Federal Export Credit Company, signed a Memorandum of Understanding (MoU) with Al Maryah Community Bank, the country’s first local digital bank licensed by the Central Bank of the UAE (CBUAE). The agreement positions the bank as a key partner of ECI’s ‘Xport Xponential,’ an initiative designed to enhance the […]
Manama, Bahrain, January 7, 2025: stc pay, Bahrain’s most innovative and accessible mobile wallet for digital financial transactions, is leveraging Mastercard Move to become the first company in the country offering secure and efficient remittances to Alipay, China’s leading digital open platform under Ant Group. This builds on Mastercard Move’s connection to Alipay earlier this year to enable […]
Here’s the news article in a professional format: January 8, 2025 – In a groundbreaking collaboration aimed at transforming the Edutech ecosystem, Ottu, a leading online payment management solution provider in the GCC, has announced its strategic partnership with Edunation, a premier provider of innovative e-learning platforms. This partnership marks a significant step toward simplifying […]
Dubai, United Arab Emirates: Apaya, the leading commerce automation platform in the Middle East and Africa, today announced a strategic partnership with Telr, the award-winning online payment gateway in the MENA region, which serves over 30,000 merchants. This partnership combines Telr’s comprehensive payment solutions in the UAE, KSA, Bahrain, and Jordan, with Apaya’s no-code commerce […]
The integration will streamline the payment process, reduce friction, and boost overall operational efficiency for merchants across various sectors. January 7, 2025 DUBAI, UAE: Global payment solutions provider Checkout.com, has entered a strategic partnership with noqodi, a payment gateway and financial service provider, to elevate the payment experience for businesses and consumers in the UAE. As part of […]
KARACHI: Mashreq Pakistan has become the first bank in the country to launch pilot operations as a digital retail bank, following the issuance of a restricted license from the State Bank of Pakistan (SBP). As part of the leading MENA-based financial institution Mashreq, Mashreq Pakistan has achieved key milestones since incorporating operations in 2023. These include receiving […]
January 3, 2025 Abu Dhabi, UAE – ADGM, the international financial centre of the UAE’s capital, has announced an updated fee schedule for obtaining and renewing an ADGM commercial licence. Effective from 1st January 2025, fee reductions of 50% or more apply to non-financial and retail businesses within the ADGM jurisdiction. This initiative aims to enhance […]
Mubadala and its subsidiaries deployed $29.2bln in 2024, up from $17.5bln invested in 2023. Date: January 1, 2025 DUBAI – Abu Dhabi’s Mubadala Investment Company accounted for about 20% of the almost $136.1 billion spent by sovereign wealth funds worldwide last year, overtaking Saudi Arabia’s wealth fund amid a surge in spending from Gulf countries. Mubadala […]
As a leader in the mortgage sector, Banque Misr offers a wide range of mortgage products through Central Bank initiatives and independently, catering to various customer segments both within Egypt and abroad. Date: January 1, 2025 Egypt – Banque Misr has announced a significant increase in its mortgage portfolio, which rose by approximately EGP 3bn in 2024, […]
Date: January 1, 2025 Devsinc, one of Pakistan’s largest IT companies and a growing global force in technology innovation has announced a 100% acquisition of Alchemative Group, a leader in eCommerce and digital retail solutions. This acquisition marks a strategic step in Devsinc’s mission to deliver transformative technology solutions, strengthening its footprint across key markets, including Pakistan, […]