Fintech News Middle East

Armed with $8 Million in Funding, yallacompare Launches Affordable Insurance

yallacompare, comparison site for financial products based in UAE and Dubai has recently announced the launch of their affordable life

Read More

Where to Buy Cryptocurrencies in the UAE

Since the launch of the Bitcoin network in 2009, cryptocurrencies have evolved into a multi-billion-dollar industry. With around 12,000 exchange

Read More

7 New Fintechs to Join Dubai’s Regulatory Sandbox

The Dubai Financial Services Authority (“DFSA”) announced the acceptance of seven new firms into its cohort process, which permits companies to apply

Read More

Telenor Microfinance Bank Embraces Alipay’s Blockchain Tech for Remittance

Telenor Microfinance Bank, in partnership with Valyou Malaysia, has introduced Pakistan’s first blockchain-based cross-border remittance service using blockchain technology developed

Read More

Saudi Customs Tracking via Blockchain Solution‬

As part of its blockchain pilot program, Saudi Customs, with its IT partner, Tabadul, oversaw the integration of FASAH with

Read More

Crypto, ICO Regulations Coming to the UAE in 2019

The Security and Commodities Authority (SCA), the United Arab Emirates (UAE) financial regulator, will introduce regulations for initial coin offerings

Read More

Kuwait Bank is Using Ripple for Immediate Cross-Border Transactions

National Bank of Kuwait (NBK) continues to offer the latest technological solutions in the sector of money transfers and has

Read More

Egypt’s new national card meeza Accepted now on PayFort’s Payment Gateway

PayFort, an Amazon company, has announced that merchants using its online payment gateway will now be able to accept payments

Read More

FundedByMe Granted Approval to Start Operating in Dubai

Following the strategic growth of FundedByMe, aiming at becoming the most global crowdfunding platform, the platform announced today the final

Read More

4-fold Increase in Cryptomining Attacks in the META Region

The past year has been extremely eventful in terms of the digital threats faced by financial institutions: cybercrime groups have

Read More

Blockchain-as-a-Service Launch In The Middle East

VeChain, a public blockchain platform focusing on enterprise adoption and BIOS Middle East, an UAE’s Managed Cloud Provider have signed

Read More

Bahrain Central Banks Draft Rules on Crypto-Asset Platform Operators

The Central Bank of Bahrain (CBB) has issued for consultation, the draft rules on Crypto-asset Platform Operators (CPO) which provides a

Read More

First Bahrain Regulatory Sandbox Stage Alumni

The Central Bank of Bahrain (CBB) announced that Tarabut Gateway, a subsidiary of Almoayed Technologies is the first company to

Read More

Mobile Payments in the Middle East: News Roundup

The Middle East is witnessing a burgeoning mobile payment market with a number of players offering a multitude of diverse

Read More

The World’s First Fully Digital And State-Of-The-Art Courtroom

Abu Dhabi Global Market Courts presented their fully digital, bespoke courtroom at an exclusive launch event held in the ADGM

Read More

IFC Turns Their Focus to Dubai with its Fintech Conference

Dubai International Financial Centre (DIFC) hosted its 6th annual International Finance Corporation (IFC) FinTech CEO Summit.  This is the first time

Read More

4 Upcoming Fintech Initatives By The Central Bank of Kuwait

During a speech by H.E. Dr. Mohammad Y. Al-Hashel, Governor of the Central Bank of Kuwait at the Global Informatics Forum,

Read More

Saudi’s Capital Market Authority FinTech ExPermit Batch Applications Are Closing Soon

In a bid to promote fintech innovation in the capital market, the Capital Market Authority (CMA) is accepting applications for the

Read More

1st Industry e-KYC Utility Project With UAE Financial Institutions Concluded

Abu Dhabi Global Markets announces the successful conclusion of the first phase of the industry electronic-Know-Your-Customer (e-KYC) utility project. The

Read More

UAE Government to Strengthen Global Position in AI, Blockchain Technologies

The Second UAE Government Annual Meetings, held in Abu Dhabi, witnessed the launch of two national initiatives aimed at reinforcing

Read More

Qatar Financial Centre Partnering Up with B-Hive to Develop Fintech Industry in Qatar

The Qatar Financial Centre (QFC) has partnered with B-Hive to develop FinTech Industry in Qatar. A memorandum of understanding (MoU) was

Read More

20 Innovative Fintech Solution Pilots Emerge from Middle East Accelerator Programme

FinTech Hive at DIFC, the first and largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA)

Read More

Dubai and Visa Sign MoU to Promote e-Commerce While Keeping Shoppers Safe

The Department of Economic Development (DED) in Dubai and its long-standing partner, Visa, have signed a Memorandum of Understanding (MoU) to

Read More

Al Hilal Bank Just Made Their First Islamic Sukuk Sale on Blockchain, Worth US$1 Mil

Al Hilal Bank has executed the world’s first sukuk transaction on a blockchain ledger. The state-owned Islamic bank used a

Read More

Kuwait Launches its Own Fintech Sandbox to Stay Competitive Among Gulf Nations

His Excellency, Dr. Mohammad Y. Al-Hashel, the Governor of the Central Bank of Kuwait has announced that the bank has

Read More

Digital Transformation Spending in META to Reach $40 Billion by 2022

The Middle East, Turkey, and Africa (META) region will see annual spending on digital transformation (DX) initiatives cross the $20

Read More

3 Key Ways Bahrain’s Central Bank is Trying to Woo Fintech Startups

Over the years, Bahrain has become a significant fintech presence in its own right, and seems set on entering a

Read More

BEAM Wallet Acquired by Dubai Based Property Giant Majid Al Futtaim

Mobile wallet player BEAM was recently acquired by Majid Al Futtaim, a Dubai based property firm which owns and operates 23

Read More

Gulf Based Fintech Startups to Attract US$ 2 Billion in The Next Decade

Investments in Gulf-based fintech startups are expected to reach US$ 2 billion in the next decade, compared to a mere

Read More

Google Pay Is Now Available In Dubai and Abu Dhabi

Google announced the launch of Google Pay in the UAE, allowing people to pay simply and securely with their Android phones. It

Read More