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, 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 […]
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 […]
Dubai, October 17, 2024 — Emirates NBD, Dubai’s largest bank by assets, announced flat net profit for the third quarter of 2024, as an increase in net interest income was offset by higher impairment charges and investments aimed at driving future growth. For the July-to-September period, the bank posted a net profit of 5.2 billion […]
Dubai: Pakistani fintech startup Abhi has secured $15 million in credit financing, a round led by Shorooq Partners and Amplify Growth Partnership. This funding will enable the company to scale its operations and expand its Earned Wage Access (EWA) services across the UAE, targeting both blue-collar and white-collar workers. In an official statement released on […]
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 […]
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 […]
October 15, 2024 – Agenz, a data-driven platform that delivers real-time property valuations and market insights in Morocco, has announced its latest undisclosed investment from Renew Capital. The funding will enable the platform to expand its reach and enhance its suite of services, aimed at bringing transparency and clarity to the country’s real estate sector. […]
Abu Dhabi, October 2024 — AED Stablecoin LLC has received in-principle approval from the Central Bank of the UAE to issue the country’s first AED-backed stablecoin, AE Coin, under the newly established “Payment Token Services Regulation” (Circular No. 2/2024, dated 7 June 2024). This milestone positions AED Stablecoin as the first entity in the UAE […]
Dubai-based Web3 gaming developer aims to blend entertainment with personalized financial education. Dubai-based Web3 gaming developer PiP World has successfully raised $10 million in capital from UAE-based fintech firm Exinity, according to a company statement. The funds will support PiP World’s mission to build an educational-focused ecosystem, which currently includes a Roblox stock simulator and […]