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Dubai and Visa Sign MoU to Promote e-Commerce While Keeping Shoppers Safe

The Department of Economic Development (DED) in Dubai and its long-standing partner, Visa, have signed a Memorandum of Understanding (MoU) to help grow the UAE’s consumer e-commerce sector by encouraging more merchants to take their businesses online, and educating consumers on

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Al Hilal Bank Just Made Their First Islamic Sukuk Sale on Blockchain, Worth US$1 Mil

Al Hilal Bank has executed the world’s first sukuk transaction on a blockchain ledger. The state-owned Islamic bank used a DLT ledger for the resale and settlement of an Islamic sukuk—a small portion of a US$500 million five-year sukuk that

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Kuwait Launches its Own Fintech Sandbox to Stay Competitive Among Gulf Nations

His Excellency, Dr. Mohammad Y. Al-Hashel, the Governor of the Central Bank of Kuwait has announced that the bank has issued a Regulatory Sandbox Framework for fintech companies. With a goal of spurring firms to experiment with emerging sectors in the

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3 Key Ways Bahrain’s Central Bank is Trying to Woo Fintech Startups

Over the years, Bahrain has become a significant fintech presence in its own right, and seems set on entering a new phase of growth. The region launched its own fintech hub that has housed some amazing projects, and in more

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BEAM Wallet Acquired by Dubai Based Property Giant Majid Al Futtaim

Mobile wallet player BEAM was recently acquired by Majid Al Futtaim, a Dubai based property firm which owns and operates 23 shopping malls, 13 hotels and 4 mixed-use communities. The acquisition comes with full ownership of Beam’s IP rights, branding and

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Gulf Based Fintech Startups to Attract US$ 2 Billion in The Next Decade

Investments in Gulf-based fintech startups are expected to reach US$ 2 billion in the next decade, compared to a mere US$ 150 million invested in the last 10 years, according to a new study by MENA Research Partners (MRP). The

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Google Pay Is Now Available In Dubai and Abu Dhabi

Google announced the launch of Google Pay in the UAE, allowing people to pay simply and securely with their Android phones. It simplifies shopping by helping you pay safely in apps and on websites, in stores that support contactless payment, and across

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ADGM Signs MOU with Central Bank of Bahrain to Promote Fintech

Central Bank of Bahrain seems going on partnership spree this as week as they sign yet another MOU with Abu Dhabi Global Market following their earlier partnership agreement with the Monetary Authority Singapore. The agreement was signed in Manama, Bahrain

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Bahrain and Singapore’s Regulators to Join Hands Fostering Fintech Innovation

The Central Bank of Bahrain (CBB) and the Monetary Authority of Singapore (MAS)  signed a Memorandum of Understanding (MOU) to foster innovation in financial services between the two countries. This follows Bahrain’s series of strategies to bolster its fintech sector 

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Bahrain Has Big Plans for its Fintech Industry and Startups

The government of Bahrain wants to make the country the go-to place in the Middle East for fintech companies and it’s betting on its banking know-how to help it establish a healthy fintech ecosystem. Bahrain has one of the freest

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