Fintech News Middle East
Binance Receives Full Virtual Asset Service Provider Licence in Dubai
Binance FZE, the Dubai entity of Binance, today announced that it has received the Virtual Asset Service Provider (VASP) licence
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Snowdrop and PwC Middle East to Enhance Digital Experience for Banks
Snowdrop Solutions, a provider of advanced transaction enrichment solutions, has announced a collaboration with PwC Middle East to bring its
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25 Startups From 11 Countries Join Hub71 Accelerator Program
Hub71, Abu Dhabi’s global tech ecosystem, has welcomed 25 new startups as part of its latest cohort. The selected startups
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UAE’s SME Fintech Fortis Secures $20M Series A
Fortis, a retail tech and fintech solutions provider tailored for SMEs, announced the successful completion of Series A funding round,
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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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10 Fintech Startups in Dubai and Abu Dhabi You Have to Know
The fintech market in the Middle East and North Africa (MENA) region is predicted to enter a new era of
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