CAIRO: Fintech experts believe Saudi Arabia is positioned to lead the regional landscape in decentralized finance, and also solve some challenges on the horizon. With active support from the Saudi Central Bank, also known as SAMA, and initiatives like Vision 2030, the Kingdom is creating an ideal environment for solutions to so-called DeFi to flourish. […]
Doha, Qatar: Dibsy, a prominent payment solutions provider, has partnered with QNB, the largest financial institution in the Middle East and Africa, to unveil an enhanced version of Visa Click to Pay for retailers in Qatar. This pioneering collaboration marks the first global implementation of Click to Pay with biometric authentication, establishing a new benchmark […]
29 October 2024, Hong Kong – IDA, a prominent stablecoin issuer based in Hong Kong, has entered into a strategic alliance with Zand Bank, the UAE’s first fully licensed all-digital bank, to enhance cross-border digital payment solutions across the Belt and Road regions and BRICS Plus. This collaboration leverages blockchain and AI to enable seamless, […]
Bahrain – Crypto.com, a global cryptocurrency platform serving over 100 million users, has announced a strategic partnership with Beyon Money, Bahrain’s leading digital financial services provider, aimed at enhancing digital payment solutions and exploring advanced applications in artificial intelligence (AI) and open banking. This collaboration, marked by a recently signed Memorandum of Understanding (MoU), seeks […]
Riyadh, Saudi Arabia – Shorooq, a prominent investment firm with $500 million in assets under management, has set its sights on becoming the “Blackstone of the Middle East.” With a vision to bridge critical gaps for private investors and fuel economic growth, Shorooq sees Saudi Arabia as a cornerstone of this mission. Founding partner Mahmoud […]
BRUSSELS — Chinese online retailer Temu is under investigation by European Union regulators over potential breaches of the EU’s Digital Services Act (DSA), which seeks to prevent the sale of illegal products and safeguard consumers, officials announced Tuesday. If found in violation, Temu could face fines up to 6% of its global revenue. The European […]
The Central Bank of the UAE (CBUAE) has announced a groundbreaking initiative, Project Aperta, aimed at linking open finance infrastructures across various jurisdictions. The project, in collaboration with leading international financial authorities, seeks to create a trusted network that enhances cross-border interoperability for financial institutions and businesses, specifically focusing on facilitating trade finance for small […]
Dubai, UAE — In a landmark advancement for the UAE’s digital ecosystem, e& UAE and Microsoft have announced a strategic partnership milestone, introducing a suite of innovative AI-powered solutions tailored to help Small and Medium Businesses (SMBs) thrive in the digital age. This collaboration offers SMBs access to advanced tools, including Microsoft 365, Dynamics 365, […]
October 30, 2024 In a landmark agreement, Orange Middle East and Africa (OMEA) and Mastercard have announced a strategic partnership aimed at enhancing financial accessibility across Sub-Saharan Africa. This significant collaboration will enable millions of Orange Money wallet holders to make digital payments with Mastercard’s extensive global network of merchants by 2025. The initiative is […]
Ras Al Khaimah, UAE — In a move to expand digital Islamic banking services within the UAE, Ras Al Khaimah Economic Zone (RAKEZ) has signed a Memorandum of Understanding (MoU) with ruya, the UAE’s first digital-first Islamic community bank. This strategic partnership enables RAKEZ clients to access Sharia-compliant, app-based banking solutions designed for seamless account […]