Posts From Fintechnews Middle East
Dubai Emerges as the Next Global Hedge Fund Hub
A report titled ‘Dubai: The next global hedge fund centre – opportunities and outlook’ – released by Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region, in collaboration with
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Mashreq Appoints New Group Head of Technology, Transformation & Information
Mashreq announced the appointment of Mohamed Abdel Razek as the Group Head of Technology, Transformation & Information. In this role, he will lead Mashreq‘s technology organization and drive the successful delivery of all digital services. He will be responsible for
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Fintech BPO Philippines: Powering the UAE’s Digital Innovators
In the rapidly evolving arena of financial technology (fintech), strategic alliances and the transformative power of technology are reshaping the global landscape. A surge of innovation and disruption is radiating from the United Arab Emirates (UAE), with the nation’s fintech
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Worldpay/FIS Expands to the United Arab Emirates
FIS has announced its Worldpay merchant business will be expanding its payment processing capabilities into the United Arab Emirates (UAE) this year. Worldpay has secured a category II payment services license that allows for card acquiring and disbursements. This new
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Abu Dhabi Partnership: 48 Hours Bank Account Opening for SME’s
The Abu Dhabi Department of Economic Development (ADDED), the catalyst of economic growth in the emirate, and Wio Bank, an online bank for UAE SMEs announced their cooperation to transform how Small and Medium Enterprises (SMEs) manage their finances, payments,
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Fintechs and Banks Unite for Innovation at DIFC’s Dubai Fintech Summit Dialogues
Dubai International Financial Centre (DIFC) hosted recently the second Dubai FinTech Summit (DFS) Dialogues powered by the Innovation Hub. Heads of 10 leading regional banks and FinTechs were invited to unpack the challenges facing the financial sector and deliberate on
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Saudi’s STC Group Makes a Move Into Europe
stc Group announced that its ICT infrastructure subsidiary, TAWAL, has signed an agreement to acquire United Group’s telecommunications tower assets. The agreement, valued at EUR 1.220 bn supports stc Group’s ambitious strategy to expand its international footprint in key markets
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ADGM is Seeking Feedback on DLT Consultation Paper
The Registration Authority (RA) of Abu Dhabi Global Market (ADGM) has issued a consultation paper to explain the proposed Distributed Ledger Technology Foundations Regulations 2023, and seeking public feedback and comments on the proposed new legislative framework for foundations that facilitate Distributed
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Fintech Partnership Formed between Mastercard and DIFC
Dubai International Financial Centre (DIFC) has signed a strategic collaboration agreement with Mastercard that aims to drive digital transformation through partnerships with innovative Fintech companies. The partnership between DIFC and Mastercard will provide FinTech start-ups and established companies with access
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Applications Open in UAE for Visa Fintech Startup Innovation Competition
Applications are now open in UAE for the 2023 edition of the Visa Everywhere Initiative (VEI), a global open innovation competition that sees startups pitch their innovative solutions to solve tomorrow’s payment and commerce challenges. In addition to monetary prizes,
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