Archive
Egypt’s Central Bank Announces an EGP 1 Bil Fintech Fund and Regulatory Sandbox
The Central Bank of Egypt (CBE) will establish an EGP 1 billion innovations support fund to finance Egypt’s fintech startups—called the Central Bank’s Financial Technology Unit. The announcement was made by Ayman Hussein, Deputy Governor of the CBE at the Arab African
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Bahrain to Introduce Regulation for Robo-Advisors
The Central Bank of Bahrain has today issued the Directives on “Digital Financial Advice”, better known as robo-advisors to most. This was issued following an industry consultation process. Mr. Khalid Hamad, Executive Director of Banking Supervision,Central Bank of Bahrain said,
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20 Fintech Experts to Meet at Seamless Middle East 2019 in Dubai
On April 10 and 11, 2019, Seamless Middle East 2019 will bring together over 10,000 visitors, 400 speakers and 350+ exhibitors to the Dubai International Convention & Exhibition Center for one of the Middle East’s largest events dedicated to e-commerce
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Abu Dhabi’s Fintechs Joining This New Tech Hub Could Get a Cut from AED535 Mil Fund
The Abu Dhabi Executive Office just launched Hub71—a tech ecosystem bringing together the world’s tech investors and companies to achieve the Emirate’s goal of cultivating a vibrant tech startup system. The hub was designed for the government of Abu Dhabi’s
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A Glimpse into Fintech in Saudi Arabia
Experts are optimistic about the outlook for fintech development in Saudi Arabia, which they claim will be driven by the tech-savvy, young population, and favorable government initiatives and support. Islam Al Bayaa, head of advisory at KPMG Al Fozan &
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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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