Dubai

Tabby Secures $150M Credit Facility From Atalaya Capital

Tabby, MENA’s payments and shopping app, has secured $150 million in debt financing from Atalaya Capital Management and existing investor Partners for Growth (PFG). Headquartered in New York, this facility marks Atalaya Capital Management’s first deal in the MENA region.

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SC Ventures Launches Fintech Startup in Dubai

SC Ventures announced the launch of Appro, a fintech startup that digitises, streamlines and simplifies the retail banking user journey. Backed by SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, the bank-agnostic platform aims to reduce the time

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New Payments Index 2022: UAE Consumers Embrace Digital Payments

Adoption of a broader range of digital payment methods is accelerating in the UAE and the technology fueling the future of payments is already here, according to Mastercard’s New Payments Index 2022. In addition to being aware of solutions like

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Top 4 Emirates Skywards Miles Credit Cards in the UAE

For frequent flyers, travel reward schemes are an extremely useful resource which helps them save money on their travel experience, get nearly free flights and hotel stays, and take on luxury vacations that they would otherwise be unwilling to spend

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Huobi Secures Provisional Approval From Dubai Virtual Assets Regulatory Authority

Cryptocurrency exchange Huobi Group announced that it has been granted a MVP provisional approval by the Dubai Virtual Assets Regulatory Authority (VARA). The license will enable Huobi Investment FZE, Huobi’s UAE-based entity, to offer a full suite of virtual asset

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Dubai Launches Its Official Metaverse Strategy

In line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive

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Dubai Freezone Cements Position as Leading Regional Fintech Hub

The Dubai International Financial Centre (DIFC), the city’s financial freezone, is aggressively cementing its position as the top fintech hub in the Middle East, Africa and South Asia (MEASA), unveiling a number of initiatives this year aimed at fostering innovation,

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FICO, Network International Offer Enhanced Fraud Protection Solutions for Lenders

Global analytics software provider FICO and Network International, a provider of payments solutions to merchants and financial institutions across the Middle East and Africa (MEA), announced that they have expanded their partnership to bring lenders enhanced fraud protection and credit

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The Role of Financial Centers in Driving Innovation

Around the world, financial centers and the organizations that represent them are leading efforts to strengthen their countries’ financial markets, business environments and innovation ecosystems to drive economic growth. Today, these clusters and special economic zones are emerging as fintech

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Dubai Neobank YAP Raises US$41 Million to Fuel Its Growth Plans

Dubai-based neobank YAP announced that it had raised US$41 million to fund its operations and growth. The latest investment comes from Saudi Arabia’s Aljazira Capital alongside notable investments from Abu Dawood Group, Astra Group, and Audacia Capital. YAP said that

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