Revolut Ltd., the London-based digital banking giant, is making significant strides toward entering the Middle East as part of its global expansion strategy. According to sources close to the matter, the fintech company has submitted applications to the Central Bank of the United Arab Emirates (CBUAE) for licenses to operate as an electronic-money institution and […]
The UAE and Saudi Arabia are witnessing a significant shift toward digital payments as consumers increasingly adopt modern shopping trends, according to the latest analysis from Checkout.com. The data highlights a marked rise in online shoppers, the growing popularity of Buy Now, Pay Later (BNPL) options, and increased consumer confidence in sectors such as travel. […]
Dubai, UAE – Fasset, a UAE-based fintech platform, has officially launched IOWN, a groundbreaking Ethereum Layer 2 (L2) blockchain designed to revolutionize Real World Asset (RWA) ownership. The launch comes on the heels of Fasset securing a Credit Token License from the Labuan Financial Services Authority (Labuan FSA) in Malaysia, the regulator of the Labuan […]
Abu Dhabi, UAE: Hub71-based startups, Fuze, a pioneering provider of digital assets infrastructure in the MENA region, and Bit2Me, a leading Spanish digital assets company, have signed a landmark strategic partnership aimed at enhancing digital assets infrastructure connectivity across Latin America, Europe, and the Middle East. The agreement was formalized at Hub71, Abu Dhabi’s global […]
Muscat, Oman – September 2024: IO Kitchens, Oman’s leading cloud kitchen startup, has successfully raised $2.8 million in seed funding, marking a significant milestone in the company’s growth trajectory. The funding round was led by the Tanmia Small-Cap Fund, with participation from a range of family offices and regional investors, underscoring confidence in IO Kitchens’ […]
10 September 2024, Bermuda – XBTO, a leading global institutional digital assets company, has announced that it has received In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to operate in the United Arab Emirates (UAE). This approval underscores the growing importance of the Middle East as a […]
Manama, Bahrain – September 2024 – Arab Financial Services (AFS), the leading digital payment solutions provider and fintech enabler in the Middle East and Africa, has announced a strategic partnership with Lune Technologies, a UAE-based leader in financial data analytics and enrichment. This collaboration, leveraging the strengths of both AFS and Lune, is poised to […]
Cairo, Egypt – September 11, 2024: Paymob, a leading fintech company in the Middle East and North Africa (MENA), has announced the successful completion of a $22 million Series B extension round, bringing the total Series B funding to $72 million. The round was led by EBRD Venture Capital, with participation from Endeavor Catalyst, and […]
In the Presence of the Egyptian Consul General in Dubai: Contact Opens Its First Branch in Dubai and Launches “Contact Credit” as Part of Its Regional and International Expansion Cairo, Egypt, September 10, 2024 Contact Financial Holding, Egypt’s leading non-banking financial services provider, has taken a significant step toward international expansion by opening its first […]
Abu Dhabi, 5 September 2024 – In a landmark move to solidify the UAE’s position as a global hub for virtual assets, the Securities and Commodities Authority (SCA) and Dubai’s Virtual Assets Regulatory Authority (VARA) have signed a cooperation agreement. This partnership aligns with the UAE’s long-term vision under the ‘Principles of the 50’ to […]