Latest World News
News from all over the world
Innovation Fund of Emirates NBD Makes a Strategic Equity Investment into Trade Finance Company Komgo
Emirates NBD has invested in Komgo, a leading software development and technology services company transforming the trade finance industry. The strategic equity investment was made by Emirates NBD’s Innovation Fund, the Bank’s corporate venture fund. Created earlier this year, the
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UAE Digital Real Estate Investment Platform Enters Fintech Lab in Saudi Arabia
Stake, Dubai based digital real estate investment platform, has obtained the approval from the Capital Markets Authority (CMA) in Saudi Arabia to enter its Fintech Lab and plans to launch KSA real estate investment opportunities on its app by the
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J.P. Morgan Payments Partners in Middle East with Network International
Network International (Network), an enabler of digital commerce across the Middle East and Africa (MEA) region, has announced a partnership with J.P. Morgan Payments to strengthen the bank’s acquiring offering. J.P. Morgan Payments operates in over 160 countries and over
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MENA Gen Z Consumers Favor Mobile Wallets as Preferred Payment Method
In the Middle East and North Africa, Generation Z (Gen Z) members are showing preference for digital payments methods over cash, identifying cards and mobile wallets as their favored and most used payment methods, a new study conducted by Sixth
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First Digital Bank Launched in Turkey
Anglo-Turkish fintech venture Colendi is launching Turkey’s first digital deposit bank after approval from the Banking Regulation and Supervision Agency (BRSA). “We are thrilled to obtain authorisation for the establishment of a digital deposit bank, ushering in a new era
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Mastercard and Checkout.com Partner to Enable Instant Wallet Top-Ups for Careem
In partnership with Mastercard and Checkout.com, Careem Pay has integrated Mastercard Send to enable customers in the UAE to access near real-time payments into their Careem Pay wallets, making it quicker and more convenient to use the Careem app to
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Saudi Arabia Launches New $200 Million Early Stage Startup Fund
Saudi Arabia’s Crown Prince Mohammed bin Salman has launched a $200 million (SAR750 million) fund for early-stage investment in local and global high-tech companies, as part of King Abdullah University of Science and Technology (KAUST) strategy. The strategy, which aligns
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Emirates Development Bank Launches Supply Chain Finance and Working Capital Solutions for SME’s
Emirates Development Bank (EDB) has inked a Memorandum of Understanding to create supply chain finance and working capital solutions for SMEs in collaboration with Trade Capital Partners (TCP). This partnership was facilitated by Hub71, Abu Dhabi’s global tech ecosystem, as
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Virtual Assets Trading Platform M2 Receives Financial Services Permission From Abu Dhabi Global Market
The new virtual asset platform M2 has been officially granted a Financial Services Permission (FSP) license in the Abu Dhabi Global Market (ADGM) from the Financial Services Regulatory Authority (FSRA) and is now approved to operate a multilateral trading facility
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Antler Accelerates MENAP Presence and Launches New $60M Early Stage Fund
Antler announces the expansion of its presence to MENAP with Dr. Jonathan Doerr and Romain Assunção as Partners. The firm aims to strengthen the region’s entrepreneurial ecosystem by backing exceptional founders at the earliest stage with co-founder matching, personalized coaching,
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