Posts From Fintechnews Middle East

Dubai Just Launched a Virtual Company License. And It Costs US$233

Dubai has just launched the Dubai Virtual Commercial City (VCC), a program which enables entrepreneurs and freelancers who do not reside in the United Arab Emirates (UAE) to start a virtual company registered in Dubai. As part of the program,

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3 Must-Attend Upcoming Fintech Events in Saudi Arabia

2018 was a key year for Saudi Arabia’s fintech sector as the government began to actively support the development of a healthy and vibrant fintech ecosystem. 2018 was marked by several milestones in the Saudi fintech landscape, with the launch

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Regtech Still Nascent in the Middle East

Regtech is still a nascent niche segment within the Middle East’s fintech industry, though governments across the region are pushing for greater use of technology to enhance regulatory processes. The United Arab Emirates (UAE), the region’s leader in all-things fintech,

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MENA Fintech Startup Funding Report and Map

Fintech is booming in the Middle East and North Africa (MENA), now representing one of the hottest industries in the region, according to a new report by investment data platform Magnitt and the Abu Dhabi Global Market (ADGM) international financial

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57% of MENA Startup Founders Expect to Exit (for US$100m) Within 5 Years

57% of startup founders in the Middle East and North Africa (MENA) region are confident they will exit their startup within the next five years, with 59% of them “certain” they will sell for a US$100 million valuation or higher,

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UAE and Middle East Banks Now Have a Way to Benchmark their Digital Banking Offerings

In response to digital mass adoption, Banks undergo drastic renovation in their digital channels, trying to remain competitive and avoid disruption. High-street Banks, Challenger Banks, even FinTech companies, often wonder: What functionality is offered by my competitors and what is

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Fintech Saudi Arabia Access Guide and Annual Ecosystem Report

Fintech Saudi, a financial sector development program initiative launched by the Saudi Arabian government in 2018, has released its latest Fintech Access Guide, a bi-annual booklet for local and foreign fintech entrepreneurs covering topics such as regulation and business strategies.

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Saudia Arabia Grants Fintech Experimental Permits to 3 Equity Crowdfunding Platforms

In reference to Fintech Experimental Instructions permits issued by the Capital Market Authority Saudia Arabia (CMA), Buthoor Solidarity, Afaq and Emkan Alarabiya will be able to experiment in equity crowdfunding which allows investors to participate in funding small and medium-size

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Bahrain and UAE Leads Middle East’s Fintech Scene, Study Finds

In the Middle East, Bahrain and the United Arab Emirates (UAE) have emerged as fintech leaders, thanks to the supportive ecosystems these have managed to develop for fintech development. At the same time, their leadership positions are not guaranteed going

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4 new Fintech Startups Selected for Abu Dhabi Regulatory Lab

Abu Dhabi Global Market welcomes four new FinTech start-ups in its fourth Regulatory Laboratory (RegLab) cohort. These four local and international firms, DAPI (United Arab Emirates), PointCheckout (United Arab Emirates), Jibrel Network (Switzerland) and Ekofolio (Luxemburg), were selected from a

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