In a significant stride towards full digital transformation, Reem Finance has signed an agreement with Appro to implement their state-of-the-art onboarding journey as a Software as a Service (SaaS). This collaboration is set to revolutionize the customer onboarding process, providing a seamless, efficient, and secure experience for Reem Finance’s clients. The signing ceremony, held at […]
The new myZoi Digital Wallet allows underbanked employees to send money home to up to five recipients for the cost of one transfer, significantly reducing remittance fees and promoting savings. This financial platform is designed specifically for underbanked employees while providing corporates with a secure, compliant, and fully digitized payroll solution. Committed to advancing six […]
Dubai, UAE – July 18, 2024 – Ogram, a leading provider of flexible staffing solutions, has successfully closed its latest expansion round in the Kingdom of Saudi Arabia (KSA). The round was led by Oraseya Capital, the venture capital arm of Dubai Integrated Economic Zones Authority (DIEZ). This marks Oraseya’s second investment in Ogram, solidifying […]
Swyt, a UAE-based company offering an all-in-one platform to simplify and secure IT operations for businesses, has successfully concluded a significant seed funding round. This new investment will propel Swyt’s mission to enhance research and development on their platform and expand its presence throughout the Gulf region. The funding was supported by business angels specializing […]
Emirates NBD has reported a record profit of Dh13.8 billion for the first half of 2024, driven by increased lending across its regional network and substantial impaired loan recoveries, according to a recent filing with the Dubai Financial Market (DFM). The group’s quarterly profit exceeded Dh7 billion for the first time, bolstered by strong performances […]
Majarra Acquires Lableb to Enhance Arabic AI and NLP Capabilities Abu Dhabi, July 2024 – Majarra, the MENA region’s leading digital content provider, has announced the acquisition of Lableb, a pioneering startup in Arabic Artificial Intelligence (AI) and Natural Language Processing (NLP). This strategic move positions Majarra at the forefront of Arabic digital innovation and […]
Dubai, United Arab Emirates — Jordan Kuwait Bank (JKB) has announced a strategic partnership with Mastercard and FOO to introduce eliWallet, a groundbreaking multicurrency payment solution designed to revolutionize financial transactions for customers. eliWallet, developed by JKB, is a state-of-the-art prepaid wallet that offers both virtual and physical cards for multicurrency transactions. This innovative platform […]
Abu Dhabi, UAE – July 16, 2024 – Al Maryah Community Bank (Mbank) proudly announces a strategic partnership with First Abu Dhabi Bank (FAB) that will reshape the local financial services landscape and expand Mbank’s geographical reach. This collaboration introduces an open banking opportunity that integrates Mbank’s services with FABePay portal. The partnership enables both […]
Dubai, UAE – July 15, 2024 – Tokinvest, a pioneering marketplace for real-world asset tokenisation, has announced the successful completion of a $500,000 pre-seed funding round. This round attracted several strategic investors, including Michael Ourabah, CEO of BSO, underscoring strong confidence in Tokinvest’s innovative platform and future potential. Tokinvest offers a cutting-edge marketplace that bridges […]
Doha, Qatar – QNB, the largest financial institution in the Middle East and Africa, has announced a landmark agreement with India’s NPCI International Payments Limited (NIPL) to introduce QR code-based Unified Payments Interface (UPI) merchant payments across Qatar. This initiative represents a significant milestone, enabling UPI payment acceptance through QNB’s extensive merchant network, and providing […]