Abu Dhabi's Mubadala overtakes Saudi Arabia's PIF as world's top wealth fund spender

Abu Dhabi’s Mubadala overtakes Saudi Arabia’s PIF as world’s top wealth fund spender

Mubadala and its subsidiaries deployed $29.2bln in 2024, up from $17.5bln invested in 2023. Date: January 1, 2025 DUBAI – Abu Dhabi’s Mubadala Investment Company accounted for about 20% of the almost $136.1 billion spent by sovereign wealth funds worldwide last year, overtaking Saudi Arabia’s wealth fund amid a surge in spending from Gulf countries. Mubadala […]

Banque Misr’s Mortgage Portfolio hits $413mln for 145,000 clients in 2024

Banque Misr’s Mortgage Portfolio hits $413mln for 145,000 clients in 2024

As a leader in the mortgage sector, Banque Misr offers a wide range of mortgage products through Central Bank initiatives and independently, catering to various customer segments both within Egypt and abroad. Date: January 1, 2025 Egypt – Banque Misr has announced a significant increase in its mortgage portfolio, which rose by approximately EGP 3bn in 2024, […]

Devsinc Acquires Alchemative, Aiming to Dominate the $22B Regional Digital Retail and eCommerce Market

Devsinc Acquires Alchemative, Aiming to Dominate the $22B Regional Digital Retail and eCommerce Market

Date: January 1, 2025 Devsinc, one of Pakistan’s largest IT companies and a growing global force in technology innovation has announced a 100% acquisition of Alchemative Group, a leader in eCommerce and digital retail solutions. This acquisition marks a strategic step in Devsinc’s mission to deliver transformative technology solutions, strengthening its footprint across key markets, including Pakistan, […]

JazzCash launches Buy Now, Pay Later

JazzCash launches Buy Now, Pay Later (BNPL) Service as a Credit Card Alternative

Islamabad: JazzCash, Pakistan’s leading fintech platform, has launched a Buy Now, Pay Later (BNPL) service, offering a convenient alternative to traditional credit cards. The service is initially available for retail purchases at Telemart, an electronics shopping platform, and the fashion brand EGO. It will soon expand to include leading brands such as MBasics, Alkaram, Dune London, and […]

Al Ansari Financial Services and Halan Partner

Al Ansari Financial Services and Halan Partner to Pioneer Multiple Financing Services in the UAE

Empowering Customers with Enhanced Financial Freedom and Inclusion Dubai, UAE – December 30, 2024 – Al Ansari Financial Services PJSC (DFM: ALANSARI), one of the leading integrated financial services groups in the UAE and the parent of Al Ansari Exchange L.L.C., and Halan, the leading regional fintech company, are pleased to announce that they have […]

Dubai Islamic Bank Partners with Crypto.com

Dubai Islamic Bank Partners with Crypto.com to Pioneer Sharia-Compliant Cryptocurrency Solutions

The collaboration MoU with the UAE’s largest Islamic Bank and a globally recognized pioneer in the field of Islamic finance will explore multiple opportunities to introduce Sharia-compliant platforms including tokenized Islamic Sukuks and real-world asset tokenization. Dubai, December 30, 2024 — Crypto.com has announced the signing of a Memorandum of Understanding (MoU) with Dubai Islamic Bank […]

Alif raises $20mln Investment from Accial Capital

Alif raises $20mln Investment from Accial Capital

December 27, 2024 Alif announced it had raised a $20 mln debt investment from Accial Capital, a US-based impact private credit fund manager. The deal was facilitated with advisory support from Nairang Capital and TMT Global Advisors. The funds will be allocated to enhance Alif’s Nasiya service’s capabilities, strengthen its market position, and promote financial […]

Deloitte Middle East Registration Open for the 4th edition of Technology FAST 50 Program

Deloitte Middle East Registration Open for the 4th edition of Technology FAST 50 Program

December 25, 2024 Middle East – Registration is open to take part in the fourth edition of the Deloitte Middle East Technology Fast 50 program. Technology companies across the Middle East and Cyprus are invited to submit their form for the Deloitte program, designed to recognize the fastest-growing technology companies. Window for registration expected to […]

Siraj Finance PJSC and ASSNTURE Limited Partner

Siraj Finance PJSC and ASSNTURE Limited Partner to Revolutionize Asset Tokenization

Abu Dhabi, UAE – In a landmark announcement at Abu Dhabi Finance Week (ADFW), Siraj Finance PJSC and ASSNTURE Limited have signed a strategic collaboration agreement to explore innovative solutions in asset tokenization and digital assets. The partnership underscores a shared vision of leveraging blockchain technology to transform financial services and enhance accessibility to high-value […]

National Bank of Pakistan and Al Jadeed Exchange Launch Cricket Tournament in Muscat, Oman

National Bank of Pakistan and Al Jadeed Exchange Launch Cricket Tournament in Muscat, Oman

Date: December 23, 2024 Muscat, Oman – In a remarkable initiative aimed at fostering community engagement and promoting financial literacy, the National Bank of Pakistan (NBP) and Al Jadeed Exchange have announced the launch of a cricket tournament scheduled for January 2025.  The announcement was made during a prestigious dinner event held in Muscat, Oman, […]