Posts From Fintechnews Middle East

Google Report: E-Commerce in Middle East Set For Strong Growth

E-commerce is set for strong growth in the Middle East and North Africa (MENA) region. The market was worth US$8.3 billion in 2017 and is expected to more than triple by 2022 to reach US$28.5 billion, according to a new

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Fintech in Bahrain: A Glimpse of its Regulatory Initiatives

In the Bahrain Fintech Regulations Report 2019 in parts, produced by the Central Bank of Bahrain, we can see that Bahrain’s track record isn’t too shabby when it comes to holistic regulations. Bahrain’s fintech regulations are under the sole purview

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FundedByMe Granted License to Operate Crowdfunding Platform in UAE

FundedByMe, an equity crowdfunding platform, has recently launched operations at the DIFC after obtaining full equity crowdfunding license from the DFSA. FundedByMe MENA aims at launching its first campaign on the local platform early in Q2 of 2019. “With the

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The Folks Behind Burj Khalifa is Looking at an ICO

Emaar group, the developer behind the iconic Burj Khalifa among others is looking at developing their own crypto token. It plans to offer the Emaar community token for customers and partners by end of this year. According to the press

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DIFC Appoints Stewards for a Portion of its US$100 Fintech Fund

Dubai International Financial Centre (DIFC), a fintech friendly financial hub announced the appointment of Middle East Venture Partners (MEVP) and Wamda Capital to manage US$ 10 million of the DIFC FinTech Fund. The DIFC Fintech Fund sized at US$ 100

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5 UAE Regulator Initiatives to Bring Fintech to The Next Level

The Bahrain Fintech Regulations Report 2019, partly produced by the Central Bank of Bahrain, showcases some of the regulations and initatives set up to cultivate the growth of fintech in their regions. Each region with a strong fintech scene has their own way

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UAE Leads the Digital Banking Scene in Middle East

A combination of changing consumer preferences, competition from fintech startups and changing regulations have been forcing banks around the world to develop their digital capabilities. In the Middle East and North Africa (MENA) region, banks are quickly rising to the

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10 Top Fintech Startups in Egypt to Keep an Eye On

As one of the most populous countries in the Middle East topped with a large unbanked population Egypt is fertile for fintech to flourish. Recent report indicates that fintech is one of the fastest growing sector in Egypt. As in

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Apple Pay Targets Middle East Markets Starting with Saudi Arabia

Apple continues the rollout of its Apple Pay digital wallet service around the world, launching in Saudi Arabia in February, marking its 34th market. In Saudi Arabia, Apple Pay initially launched with support for the Saudi Payments Network (MADA), Alinma

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Abu Dhabi’s Mubadala Makes its First Investment from Their US$ 400 Million European Fund

Abu Dhabi owned Mubadala Investment Company’s venture arm has successfully completed its first investment of their US$ 400 Million European Fund into Berlin based insurtech startup WeFox. Mubadala was the lead investor in WeFox’s series B round which raised US$

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