Abu Dhabi, UAE – October 24, 2024 – Magnati, a leader in payment solutions across the Middle East, has partnered with Ajman Bank to introduce an embedded finance solution tailored for small and medium-sized enterprises (SMEs). This collaboration aims to enhance SME growth in the UAE by providing seamless access to Shari’ah-compliant financial services, giving […]
PTCL and Systems Limited Partner at GITEX 2024 to Enhance BSS and OSS for Improved Service Delivery
Dubai – Pakistan Telecommunication Company Limited (PTCL) has announced a strategic collaboration with Systems Limited, a prominent global systems integrator, at GITEX 2024 in Dubai. This partnership aims to advance PTCL and Ufone 4G’s technology capabilities through Systems Limited’s expertise in Operations and Maintenance of Business Support Systems (BSS) and Operational Support Systems (OSS). The collaboration will focus on […]
ADCB reports Net Profit after Tax AED 6.85 billion for the First 9 Months-2024
Abu Dhabi Commercial Bank (ADCB) has announced a robust financial performance for the first nine months of 2024, reporting a 30% increase in profit before tax, reaching Dh7.702 billion. Net profit after tax stood at Dh6.846 billion, reflecting the bank’s strong strategic growth across various sectors. The bank attributed its impressive performance to strategic efforts […]
UAE Banks Extend AED 81.2 Billion in Loans to SMEs in H1 2024, CBUAE Reports
The cumulative balance of financial facilities and loans extended by banks operating in the UAE to small and medium-sized enterprises (SMEs) reached AED 81.2 billion by the end of the first half of 2024, according to the latest data released by the Central Bank of the UAE (CBUAE). This represents 9.5 percent of the total […]
Hubpay Launches UAE First Fully Automated Hedging Platform for SMEs
Dubai, UAE – Hubpay, a leading fintech company specializing in digital solutions for foreign exchange, has announced the launch of the UAE’s first fully automated hedging platform. This cutting-edge service aims to provide small and medium-sized enterprises (SMEs) with an essential tool to manage currency fluctuations, helping them stabilize their cash flows and navigate the […]
Dubai-based tpay Mobile Partners with Geidea to Revolutionize Digital Payments in KSA, Egypt, and UAE
In a strategic move to enhance digital payment solutions across the Middle East, Turkey, and Africa (META), tpay Mobile has announced a groundbreaking partnership with Geidea, a leading payment solutions provider. This collaboration aims to bring a comprehensive range of payment options to merchants, further advancing financial accessibility in the region. The partnership integrates Direct […]
Geidea Partners with Emirates NBD to Drive Digital Payments Innovation in the UAE
Dubai, UAE: Geidea, a leading fintech company, has announced a strategic partnership with Emirates NBD, one of the UAE’s premier banks, to deliver cutting-edge financial solutions tailored to the evolving needs of businesses and consumers across the region. This collaboration combines Geidea’s global expertise in fintech innovation with Emirates NBD’s regional leadership in banking to […]
Emirates NBD Becomes First Regional Bank to Join Partior, Pioneering Blockchain-Powered Payments
Dubai, 22 October 2024 – Emirates NBD, one of the leading banking groups in the Middle East, North Africa, and Türkiye (MENAT) region, has entered into a strategic agreement with Partior, a blockchain-based payment clearing and settlement platform. This collaboration positions Emirates NBD as the first regional bank to offer real-time payment settlements in UAE […]
Careem Pay Celebrates Diwali with Gold Giveaway for Remittance Users
Dubai, UAE – October 20, 2024: Careem Pay is celebrating Diwali in a golden way by offering customers the chance to earn gold when sending remittances to India. From October 20th to October 31st, Careem Pay users who transfer AED 50,000 or more to India will receive a gold voucher worth 1 gram of 24-carat […]
noqodi and University of Dubai Partner to Revolutionize Digital Payments in the Education Sector at GITEX Global 2024
Dubai, UAE – October 2024 – In a landmark agreement announced during GITEX Global 2024, noqodi has been appointed as the strategic payment partner for the University of Dubai. This collaboration is set to enhance the digital payment experience for students, faculty, and staff, marking a major advancement in the integration of seamless and secure […]