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Saudi Islamic Fintech Lynk Raised Capital to Introduce Additional Financial Products
In a move to reshape the fintech landscape in accordance with Islamic finance principles, LYNK has solidified its market position through a successful investment and the establishment of strategic partnerships with industry stalwarts Al Fozan Holding and Ramla Holding Group.
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Crypto.com Grabs Virtual Asset Service Provider License in Dubai
Crypto.com announced today that its Dubai entity, CRO DAX Middle East FZE, has been granted a Virtual Assets Service Provider (VASP) Licence for specified virtual asset service activities by Dubai’s Virtual Assets Regulatory Authority (VARA). Crypto.com’s VASP Licence is subject
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Qatari Banks Embrace Fintech, Digital Technology to Maintain Relevance
In Qatar, banking institutions are at the forefront of fintech innovation as they embrace new technologies, innovative payments methods and novel business models to keep up with changing customers’ preferences, a new report by global consultancy says. The 2023 Qatar
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Abu Dhabi Finance Week 2023: What to Expect and Who to Meet
Under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, and Chairman of the Executive Council, the Abu Dhabi Finance Week (ADFW) is returning this year from November 27 to
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SC Ventures Sets Up Digital Asset Joint Venture in Dubai
SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, is partnering with SBI Holdings, a Japanese financial conglomerate, to establish a Digital Asset Joint Venture investment company in the United Arab Emirates (UAE). The parties intend to capitalise the
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Raiven Capital Launches New USD 125M Startup Fund in Dubai
Raiven Capital announced the launch of a new USD 125M venture capital fund in Dubai International Financial Centre (DIFC). The fund will focus on founders developing tech in AI, Internet of Things and Distributed Ledger Tech, with a particular emphasis
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6 Fast-Growing Proptech Startups in the UAE to Watch
Property technology, also referred to as proptech, has been on the rise globally for the sector’s potential to transform the real estate industry by making it more accessible, efficient and sustainable. In the Middle East, the trend is rapidly picking
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State of Climate Tech VC Report: US$ 651 Million Invested into MENA and Türkiye Startups
CE-Ventures, the corporate venture capital platform of Crescent Enterprises, has partnered with MAGNiTT to unveil ‘The State of Climate Tech Venture Capital Report’. The report delves deep into the dynamic landscape of climate tech investments in the Middle East and
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The First Shari’a-Compliant Digital Bank Launched in Kuwait
In a special ceremony, Kuwait Finance House (KFH) has announced the launch of its first Shari’a-compliant digital bank in Kuwait, called Tam Digital Bank. The ceremony was attended by KFH Chairman, Hamad Abdulmohsen Al Marzouq, members of the Board of
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Qatar’s CQUR Bank Selects Finastra to Transform Corporate Client Online Banking
Finastra announcesd that CQUR Ban has partnered with Finastra to deliver on its technology strategy. With the implementation of Finastra’s solutions, Trade Innovation and Corporate Channels, CQUR Bank will offer its corporate clients a new online banking portal for a
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