Posts From Fintechnews Middle East

Saudi Arabia Sovereign Fund Puts a Further US$45 Bil into Japan’s SoftBank

Saudi Arabia’s fledgling sovereign fund is putting in a further US$45 billion into Matsumoto Son’s famed Softbank, which in turn holds known technology companies like Alibaba, Sprint, Uber, Didi Chuxing, WeWork, Nvidia, and many others. This money follows a previous

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Bahrain Gets Another US$100 Mil Fund, This Time Specifically for Fintech Startups

Earlier this year, Bahrain Development Bank launched its Al Wafa fund of funds, with USD100 million available for tech startups in Bahrain. Now, the Economic Development Board (EDB) is also launching a fund worth USD100 million, but this time specifically

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Jordan’s Fintech Startups Could Score up to $3 Mil out of a $30 Mil Fund

The Middle East has been ramping up its efforts to fund fintech initiatives lately, seemingly throughout their life cycles until they become a corporation. Jordan’s Arab Bank is prepared to give out something between $1 million to $3 million to promising

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14 Upcoming Fintech and Digital Finance Events in the Middle East

As the Middle East witnesses the emergence of a thriving fintech ecosystem, an increasing number of events and conferences are being held in the region to showcase its innovative products and latest initiatives. The followings are some of the Middle

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Secure Payment Links Through WhatsApp Could Be Fintech’s Future

Emirates NBD announced that they are launching customised banking services via WhatsApp in the UAE region. Through WhatsApp business, their users can now use integrated banking activities, like checking account balances and temporarily blocking or unblocking an existing card. Emirates

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Why Now is The Best Time for International Fintech Firms to Expand into Dubai

Dubai is opening its doors to global investors who would like to start their business in the region without actually being located in the UAE. In an agreement between Dubai Investment Development Agency (Dubai FDI) and the US-based Alliance Business Centres Network

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5 Blockchain Startups in the UAE to Watch Closely

The United Arab Emirates (UAE) is making strides to become a leader in blockchain technology enriching the blockchain UAE scene with vibrant projects. The Dubai government is currently working with 20 blockchain projects and has made partnerships with IBM and

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Etihad Airways Goes Fintech with New Loyalty Payment Solution

Etihad Airways, the second largest airline of the United Arab Emirates, teamed up with US payments startup Modo to co-develop a new loyalty solution for the airline industry. The solution, which focused on the redemption of Etihad Guest Miles, was

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Dubai Has Taken its First Step to Have All Government Transactions on The Blockchain

In line with it’s “Dubai Blockchain Strategy” the Smart Dubai Office teamed up with Dubai’s Department of Finance to launch a blockchain powered payment system. The new system introduces blockchain technology into the Department’s processes, allowing transactions to be performed

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ADGM Partners with Two Major Telcos — Here’s What the Partnership Entails

Abu Dhabi Global Market (ADGM), the international financial centre, has gone into an agreement with two major telcos in the region namely; Etisalat and Du. Both MoUs were signed during the 2018 FinTech Abu Dhabi Summit by ADGM held under

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