Posts From Fintechnews Middle East

DIFC Launches Scheme To Fast Track Fintech Startups

The Dubai International Financial Centre (DIFC) will establish a commercial licensing scheme for fintech firms based in the Middle East, Africa and South Asia (MEASA) it was announced recently. The scheme will provide short term, cost-effective licensing for fintech, regtech

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Fintech In MENA: All You Need To Know

The startup economy in the Middle East and North African (MENA) region continues to grow this year. In the first six months of 2018, it registered a record number of transactions with 141 investments, a 12% increase over the corresponding

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10 Fintech Startups in Turkey to Watch Closely

Fintech is growing rapidly in Turkey. Investment in Turkish fintech companies grew 175% from US$4.6 million in 2012 to US$29 million in 2016, and the overall Turkish fintech industry, which counts more than 200 companies, according to the Fintech Ecosystem

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4 Things You Need to Know About Qatar Development Bank’s Fintech Incubator

In a nation where a majority of the labour force is in one way or another working with the government, there is a dearth of entrepreneurs with innovative ideas. As a result, the fintech scene in Qatar has seen some

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Fintech to Solve Financial Exclusion in Egypt

In Egypt, fintech is set to play a key role in providing basic financial services to the large pool of unbanked people, according to experts and industry observers. Egypt is the most populous nation in the Middle East and North

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Israel Quickly Becoming a Leading Fintech Hub

From its origin as a 90-startup, US$13 million capital sector, the Israeli fintech industry has grown to include approximately 500 fintech startups, collectively raising an estimated total of US$500-650 million to date. According to a report by Deloitte, Israel is

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Bahrain Witnesses Key Fintech Developments

Over the past year, Bahrain’s fintech ecosystem has witnessed several key developments including the launch of the Central Bank of Bahrain (CBB) dedicated Fintech and Innovation Unit and regulatory sandbox, two initiatives that highlight the growing market demand and interest

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Bahrain Pushes for Fintech Innovation

Bahrain is looking to move the country’s economy away from oil, leveraging its financial hub credentials to attract fintech companies. In partnership with government ministries and other public sector agencies, the Economic Development Board (EDB) is pushing to develop a

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Fintech In Abu Dhabi: A Short Overview

Abu Dhabi, the capital and second most populous city of the United Arab Emirates (UAE), continues to move forward with its fintech agenda, with the Abu Dhabi Global Marketplace (ADGM) driving the strategy. Fintech in Abu Dhabi Abu Dhabi has

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Fintech In Dubai: A Short Overview

An Overview about Fintech in Dubai. The United Arab Emirates (UAE), and in particular the city of Dubai, is poised to become a regional fintech hub as the country looks to take the lead in the digital race. Backed by government

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