Talabat debuts on Dubai Financial Market in Largest Global Tech IPO this year

Talabat debuts on Dubai Financial Market in Largest Global Tech IPO this year

December 10, 2024 Dubai, UAE: Dubai Financial Market (“DFM”) today welcomed the successful listing of Talabat Holding plc (“talabat” or the “Company”), the MENA region’s leading on-demand food, grocery and retail platform for everyday deliveries. talabat trades under the ticker symbol “TALABAT”. Delivery Hero SE (“Delivery Hero”), the selling shareholder and a public company listed on […]

UAE first-ever Stablecoin receives final CBUAE License to launch

AE Coin: UAE first-ever Stablecoin receives final CBUAE License to launch

Abu Dhabi, UAE: AE Coin has secured the final Central Bank of the UAE (CBUAE) license to launch, marking a significant milestone in the evolution of digital finance. Developed under the CBUAE’s digital payment token services framework and aligned with the UAE government’s forward-looking vision, AE Coin is set to revolutionize the financial services landscape, promising […]

UAE-based Wafeq Raises $7.5 Million Series A to Accelerate Accounting Digitization for SMEs in the Middle East

UAE-based Wafeq Raises $7.5 Million Series A to Accelerate Accounting Digitization for SMEs in the Middle East

Riyadh, KSA – 10th of November, 2024 – Wafeq (www.wafeq.com), a modern and easy-to-use accounting platform, today announced the completion of its $7.5 million Series A funding round (SAR 28 million). This investment brings together globally renowned accounting software investors and executives, including 9900 Capital’s Managing Partner Chris Corbishley, who led the round and previously […]

Digital lending marketplace Numou launched to Empower SMEs in UAE

Digital lending marketplace Numou launched to Empower SMEs in UAE

Abu Dhabi, UAE – December 11th, 2024 – Numou Revolutionizes SME Financing in the UAE with Launch of Innovative Digital Lending Marketplace at ADFW Numou, a subsidiary of ADGM, the capital’s leading international financial centre, has officially launched a groundbreaking digital lending marketplace, with the goal of transforming the financing landscape for small and medium-sized enterprises […]

Instapay Technologies Partners with CBI to Provide Banking and Payroll Solutions

Instapay Technologies Partners with CBI to Provide Banking and Payroll Solutions to Migrant Workers in UAE

Dubai, UAE, December 2024 – Instapay Technologies, a leading Southeast Asian fintech headquartered in Kuala Lumpur, Malaysia, has announced its entry into the UAE Market in partnership with leading UAE bank, Commercial Bank International (CBI). This collaboration, facilitated by Instapay’s wholly-owned subsidiary, Instapay Technologies LLC in Dubai, aims to bring digital banking and payroll solutions […]

At Gulf Bitcoin Gathering, Trump family and allies to bask in crypto industry euphoria

At Gulf Bitcoin Gathering, Trump family and allies to bask in crypto industry euphoria

NEW YORK: Several key players in President-elect Donald Trump’s new cryptocurrency venture head to Abu Dhabi on Monday for the largest bitcoin gathering in the Gulf region as the digital currency sets record highs. Speakers include the president-elect’s son Eric and billionaire Steve Witkoff, the new White House envoy for the Middle East and co-founder […]

Crypto.com Acquires UAE-based Orion Principals Limited to Boost Financial Product Expansion

Crypto.com Acquires UAE-based Orion Principals Limited to Boost Financial Product Expansion

Dubai, December 9, 2024 – Crypto.com has today announced a further acceleration of its plan to offer traditional financial services products with the acquisition of Orion Principals Limited, regulated by the Abu Dhabi Global Market (ADGM). Orion is an Abu Dhabi-based brokerage company and is licensed by ADGM to provide investment and ancillary services in relation […]

National Bank of Kuwait (NBK) acquires 51% of the Capital of the leading payment service provider, UPayments

National Bank of Kuwait (NBK) acquires 51% of the Capital of the leading payment service provider, UPayments

The collaboration aims to bring about a revolution in the way digital payments are conducted in the country. KUWAIT CITY: National Bank of Kuwait (NBK) announced that it has acquired a majority stake of 51% in Kuwait-based Payment Services Provider, and e-commerce enablement platform, UPayments. This acquisition represents a significant step forward in the digital […]

KLAIM and Wio Bank partners

KLAIM and Wio Bank partners to unlock Cash Flow Solutions for UAE Healthcare Providers

This strategic collaboration combines Klaim’s expertise in accelerating insurance claim payments with Wio Business’s digital banking services. December 5, 2024 Abu Dhabi, United Arab Emirates — Klaim, an Abu Dhabi-based fintech company, and Wio Bank PJSC, the region’s first platform bank, are pleased to announce the launch of an innovative cash-flow solution for healthcare providers in […]

Sharjah Islamic Bank partners with Network International

Sharjah Islamic Bank partners with Network International to offer Integrated Payment Solutions

December 5, 2024 United Arab Emirates: Sharjah Islamic Bank (SIB) has inked a new partnership with Network International, a leading enabler of digital commerce in the Middle East and Africa, to offer advanced digital financial services to its customers in the UAE. Under this agreement, SIB will leverage Network International’s integrated multi-channel payment solutions to strengthen […]