Kuwait City – myFatoorah, a leading Kuwait-based payment solutions provider, has become the first company in its sector to adopt DHL’s GoGreen Plus service. This initiative aligns with myFatoorah’s commitment to sustainability by contributing to the use of Sustainable Aviation Fuel (SAF) for all international shipments. The adoption of GoGreen Plus, a key component of […]
First Abu Dhabi Bank Reports AED 4.46 Billion Q3-2024 Net Profit, Surpassing Analyst Expectations
Abu Dhabi, UAE – October 2024:First Abu Dhabi Bank (FAB), the UAE’s largest lender, posted a net profit of AED 4.46 billion ($1.2 billion) for the third quarter of 2024, marking a 5% year-on-year increase. This growth was driven by robust revenue expansion, which helped offset a sharp rise in impairment charges. The results exceeded […]
NEO PAY Partners with Qlub to Transform Hospitality Payments in the UAE
Dubai, UAE: NEO PAY has announced an exciting partnership with Qlub, a cutting-edge UAE-based fintech startup, aimed at revolutionizing the payment experience in the hospitality sector. This collaboration integrates NEO PAY’s advanced payment terminals with Qlub’s innovative technology, offering a seamless and efficient solution for both customers and merchants. The partnership is set to enhance […]
Mastercard and noon Payments Launch Biometric Payment Passkey Service, Transforming Online Checkout in the Middle East
October 17, 2024 | Dubai, United Arab Emirates: Mastercard has partnered with noon Payments, one of the leading payment service providers in the Middle East and North Africa (MENA), to bring its innovative Payment Passkey Service to the region. The service will initially launch in the United Arab Emirates (UAE), with plans for a broader rollout across the […]
e& UAE Partners with Visa to Launch Smiles Card-Linked Offers via Visa Merchant Loyalty System
UAE, Dubai: e& UAE has announced an exciting new partnership with Visa to launch Smiles Card-Linked Offers, providing customers with even more opportunities to earn rewards through everyday transactions. Through this collaboration, customers can now seamlessly earn Smiles points by using their linked payment cards at participating partner merchants. This initiative aims to enhance customer […]
Singapore-based Fintech Thunes Expands its Direct Global Network into Egypt
London, U.K., Cairo, Egypt – October 17, 2024 – Thunes, a leading global cross-border payment provider, today announced the expansion of its Direct Global Network into Egypt, offering enhanced mobile wallet and bank account payment capabilities. This move significantly strengthens Thunes’ Pay solutions, providing greater flexibility and speed for cross-border payments in one of the Middle […]
Dubai Department of Economy and Tourism Partners with Network International to Boost Digital Economy and SME Growth in the UAE
Dubai, UAE – October 2024: In a significant move to strengthen Dubai’s digital economy, the Dubai Department of Economy and Tourism (DET) has signed a strategic agreement with Network International, a leading enabler of digital commerce across the Middle East and Africa. The partnership, announced at GITEX Global 2024, is set to accelerate the growth […]
Qatar Lesha Bank reports QAR 96.6mln Net Profit for First 9 Months-2024
Doha, Qatar – October 17, 2024: Lesha Bank LLC (Public) (“Lesha Bank” or the “Bank”), a leading Shari’a-compliant investment bank, has announced robust financial results for the nine-month period ending September 30, 2024. The Bank reported a net profit of QAR 96.6 million, attributable to equity holders, marking a significant 45% increase compared to the […]
GITEX Editions makes its debut to Redefine Global Power Tech Domination
The all-new premier showcase saw deeptech founders, CEOs and industry leaders gather at Dubai World Trade Centre for a series of thought-provoking discussions centred around AI DUBAI, United Arab Emirates, October 15, 2024/ — The all-new GITEX Editions got underway on the opening day of GITEX GLOBAL (www.GITEX.com) as discussions focused on accelerating the growth of global late-stage advanced tech […]
UAE to Introduce ‘Palm ID’ Technology, for Cardless Payments and Cash WithDrawals
The UAE is on the verge of transforming its payment landscape with the introduction of Palm ID, a cutting-edge biometric payment solution that scans the unique vein patterns in an individual’s palm. Developed by the Federal Authority for Identity, Citizenship, Customs, and Port Security (ICP) in collaboration with the Central Bank of the UAE, this […]