Posts From Fintechnews Middle East
Egyptian Wealthtech Bokra Raises $4.6 Million Pre-Seed
Bokra, a Cairo-based fintech, announces the closure of its $4.6 million pre-Seed round led by DisrupTech Ventures, and SS Capital alongside other investors. The company aims to revolutionise wealth management in the MENA region by being the first platform to
Read More
ADGM and Hacken Form Partnership to Set Blockchain Security Standards
Abu Dhabi Global Market (ADGM) and Hacken, a global leader in blockchain security auditing, have signed a Memorandum of Understanding (MoU) to collaboratively set new benchmarks for blockchain security and compliance. This strategic partnership reflects a unique synergy between a
Read More
UAE Telco Du Goes Fintech And Launches Du Pay
du, from Emirates Integrated Telecommunications Company (EITC), announced the launch of du Pay, marking a significant milestone in the UAE’s transition toward a cashless economy and aligning seamlessly with the national agenda for digitalization. The digital financial solution is poised
Read More
Al Etihad Payments Launches Open Finance in UAE
Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE), has signed a partnership with Core42, a G42 company and full-spectrum AI enablement solutions provider to mark the commencement of the implementation of Open Finance within
Read More
44% of UAE Retailers Affected by Cyberattacks in 2023
Adyen published a new research revealing the millions of Dirhams lost annually to cyberattacks in the UAE retail sector. Working alongside the Centre for Economic Business and Research (Cebr), Adyen found that the retail sector globally lost $429 billion to
Read More
Binance Receives Full Virtual Asset Service Provider Licence in Dubai
Binance FZE, the Dubai entity of Binance, today announced that it has received the Virtual Asset Service Provider (VASP) licence from Dubai’s Virtual Assets Regulatory Authority (VARA). This licence, subsequent to the previous issuance of the Minimum Viable Product (MVP)
Read More
UAE’s SME Fintech Fortis Secures $20M Series A
Fortis, a retail tech and fintech solutions provider tailored for SMEs, announced the successful completion of Series A funding round, raising $20 million in investment led by Opportunity Venture (Asia). With a decade of experience, Fortis empowers entrepreneurs to seamlessly
Read More
Crude Oil Q2 Forecast – Prices May Continue to Rise
Oil prices surged during the first quarter of 2024 as the supply/demand outlook tightened and global geopolitical concerns intensified, pushing both U.S. and European benchmark crude futures to five-month highs. Over the first three months of the year, WTI (West
Read More
Crypto.com’s Dubai Entity Receives Approval
Crypto.com announced that its Dubai entity, CRO DAX Middle East FZE, has received full operational approval from Dubai’s Virtual Assets Regulatory Authority (VARA) and is launching the Crypto.com Exchange for institutional investors as its first operational milestone. This operational approval
Read More
First Abu Dhabi Bank Taps Microsoft Azure to Accelerate Digital Shift
The United Arab Emirates’ First Abu Dhabi Bank (FAB) has announced a strategic partnership with Core42, a subsidiary of G42 specialising in AI solutions, to facilitate the transfer of its data center operations to the Microsoft Azure cloud platform. This
Read More