The United Arab Emirates (UAE) has taken significant steps to position itself as a crypto-friendly jurisdiction by exempting cryptocurrency transfers and conversions from value-added tax (VAT). This move comes as part of a broader effort to streamline the country’s regulations around digital assets and boost its attractiveness as a hub for virtual asset transactions. New […]
Muscat, Oman – QPay, Oman’s newly licensed ‘Buy Now, Pay Later’ (BNPL) financial services provider, has announced the successful close of its seed funding round, led by Cyfr Capital. The investment marks a significant milestone for QPay, with this funding being part of Future Fund Oman (FFO)’s strategic mission to foster growth and innovation within […]
Palo Alto, California – October 4, 2024Farmdar, a Pakistani agritech startup leveraging AI and space technologies to optimize agricultural productivity, has successfully raised a pre-Series A undisclosed funding round led by Silicon Valley-based venture capital firm, Moment Ventures. The round also saw participation from existing investor Indus Valley Capital. This marks the first Silicon Valley-led […]
The Middle East banking landscape has undergone profound transformation over the last decade – from the rise of FinTech and crypto assets to the emergence of programmable Web3 and, more recently, the surge of artificial intelligence (AI). With AI alone projected to contribute up to US$320 billion in economic value to the Middle East by […]
Zug, Switzerland – October 2024: In a groundbreaking move to connect and bolster the Web3 ecosystems of Dubai and Switzerland, DMCC (Dubai Multi Commodities Centre) has entered into a strategic collaboration with CV VC, one of Switzerland’s leading early-stage blockchain venture capital firms. The agreement was officially signed during the CV Summit 2024, Switzerland’s premier […]
Dubai, UAE – 03 October 2024: Emirates Skywards, the award-winning loyalty program of Emirates and flydubai, has teamed up with HSBC Bank Middle East to introduce two new cobranded credit cards in the UAE. The HSBC Emirates Skywards Credit Cards, available in Signature and Infinite versions, will offer over 2.3 million UAE-based Emirates Skywards members […]
Dubai, UAE – October 3, 2024: American Express Middle East has announced a strategic partnership with Telr, a leading online payment gateway, to significantly expand its acceptance across Telr’s extensive merchant network. Through this collaboration, American Express will become one of Telr’s aggregation payment service providers in the MENA region, enabling its Card Members to […]
Revolut, the global financial super-app, has announced the appointment of Ambareen Musa as its UAE CEO, marking a significant step in its expansion across the Middle East. Recognized as one of the Top 50 Most Influential Women in the Arab World by Arabian Business and Woman Entrepreneur of the Year by The Entrepreneur magazine, Musa […]
Dubai, UAE – Keyper, a leading property management platform, has launched a revolutionary rental marketplace in Dubai, allowing tenants to pay their rent in 12 monthly installments instead of the traditional lump-sum payments. This Rent Now, Pay Later (RNPL) model aims to alleviate the financial burden for tenants by offering pre-approved properties from several major […]
DUBAI [October 3rd, 2024]: WizzFinancial Group, a global fintech platform specializing in local payments and cross-border remittance, foreign exchange, lending, and payment gateway solutions, has announced the appointment of Samir Vidhate as Chief Executive Officer of Xpress Money, its B2B money services division. Based in the Abu Dhabi Global Market (ADGM) and regulated by the Financial […]