Fintech News Middle East

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

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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

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The Top 10 Fintechs in Middle East in 2024

Forbes Middle East has unveiled its Fintech 50 ranking, recognizing the region’s leading players that are revolutionizing the fintech landscape

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UAE Central Bank Grants Telr In-Principle Approval for Retail Payment License

Dubai-based payment gateway provider Telr has secured in-principle approval from the Central Bank of the United Arab Emirates (CBUAE) for a

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Oman Housing Bank Taps Temenos to Drive Digital Transformation

Oman Housing Bank (OHB), a primary financier of housing in Oman, has partnered with banking software company Temenos for upgrading

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QIB Launches Himyan Prepaid Card, a National Initiative by Qatar Central Bank

Qatar Islamic Bank (QIB) introduced a new Prepaid Card “Himyan”, the first Qatari national prepaid card, to all existing customers,

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Abu Dhabi Chamber Forms Working Group to Support Startups and SMEs in Abu Dhabi

The Abu Dhabi Chamber of Commerce and Industry (ADCCI) announced the establishment of a working group for startups and small

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Cleeng Taps Adyen to Enhance Subscription Payment Experience in the UAE

Global payments platform Adyen announced that it has expanded its partnership with Cleeng into the United Arab Emirates (UAE). Cleeng,

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Redefining Resilience for Banks in the Digital Era With the Four Zeros

The banking industry stands at the brink of a major transformation, driven by rapid technological advancements and changing customer expectations

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Telco-Backed Platforms Leads E-Wallet Market in Africa and the Middle East

Africa and the Middle East boast 12 prominent e-wallets. These platforms are primarily provided by telecom companies, enable users to

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Visa Joins Dubai Fintech Summit as Co-Host

Vis has joined the Dubai FinTech Summit organised by Dubai International Financial Centre (DIFC), as a Founding Partner & Co-Host

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bolttech Expands to Middle East Through Partnership with stc Group

bolttech, an international insurtech company, has announced a partnership with stc Group, a key player in telecommunications and digital transformation

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Kigali Financial Centre and Abu Dhabi Global Market Form Strategic Partnership

Kigali International Financial Centre (KIFC) and Abu Dhabi Global Market (ADGM) have signed a Memorandum of Understanding (MoU) establishing a comprehensive

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Singapore Gulf Bank Secures Funding From Bahrain’s Sovereign Wealth Fund

Bahrain’s sovereign wealth fund Mumtalakat announced an investment in Singapore Gulf Bank (SGB), a new digital bank founded by Whampoa

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AWS to Invest $5.3 Billion Into Infrastructure Center in Saudi Arabia

Amazon Web Services (AWS) today announced it will launch an AWS infrastructure Region in the Kingdom of Saudi Arabia in

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Moneyhash Raises $4.5 Million Seed Funding

MoneyHash, an USA and Egypt based payment orchestration platform has successfully raised $4.5M in a seed funding round. The round

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Bahrain Fintech Bay Partners with Qatar Financial Center

A Memorandum of Understanding (MOU) has been signed between Bahrain FinTech Bay (BFB) and the Qatar Financial Center Authority (QFCA),

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Additiv Opens New Office in Dubai

Responding to growing demand for Finance-as-a-Service propositions in the Middle East, Swiss embedded Finance Fintech additiv, has announced that it

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Eazypay Partners With Visa Direct

Bahrain based EazyPay, a financial institute specialized in Point-of-Sale (POS) and online payment gateway acquiring services, has joined forces with

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ADGM and Etihad Airways Form Collaboration

Abu Dhabi Global Market announced the signing of a Memorandum of Understanding with Etihad Aviation Group, aiming to spearhead initiatives

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Qatar Fund of Fund to Invest 1 Billion USD into Venture Capital Funds

Qatar Investment Authority (QIA) is set to launch Qatar’s first venture capital (VC) Fund of Funds, a strategic investment program

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Industry Experts Highlight Opportunities and Challenges of Gen AI in Finance

In the financial services industry, generative artificial intelligence (AI) is poised to usher in a myriad of opportunities, promising enhanced

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DIFC Plans 20 Days of Finance Events

Dubai International Financial Centre announced an series of finance events and activities spanning 20 days, in celebration of the Centre’s

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Fintech Surges in MENA Though Talent and Capital Gaps Persist

The Middle East and North Africa (MENA) region is experiencing significant growth in its fintech sector, with several cities located

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Qatar Will Launch Instant Payments in March

Qatar Central Bank (QCB) has called on the local banks to adjust their status as part of its preparations to

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UAE’s E-Invoicing Model: A Blueprint for the Region?

More than 100 experts from 24 countries gathered in Dubai on February 13 and 14, 2024, for the second edition

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Personetics Co-founder David Sosna Steps Down as CEO, Udi Ziv Named Successor

Personetics, a global provider of data-driven personalisation solutions, announced that it has named Udi Ziv as its new Chief Executive

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Venture Debt Fund Stride Supports Hub71

Hub71, Abu Dhabi’s global tech ecosystem, and Stride Ventures, a venture debt fund, have partnered to support startups in Abu

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Switzerland and Qatar Continue Collaboration Discussion About Digital and Sustainable Finance

The second session of the Joint Economic and Financial Committee between the Ministry of Finance of the State of Qatar

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Emirates NBD Partners With Singaporean AI Financial Crime Platform

Emirates NBD announced a strategic partnership with Silent Eight, a technology company which offers an advanced AI and machine learning

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