Latest World News
News from all over the world
Abu Dhabi Introduces Worlds First DLT Foundations Regime
The Registration Authority of Abu Dhabi Global Market (ADGM) officially released the Distributed Ledger Technology Foundations Regulations 2023, marking a significant milestone in the evolution of digital assets regulatory frameworks across the region and at an international level. This newly
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Unlocking the Future of Consumer Lending with AI and Automation
With the ever-evolving landscape of financial technology, consumer lending has never been more accessible and efficient – in large part, due to fintech innovation. With a global consumer credit market size of US$11 billion, rapidly growing middle classes in emerging
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DIFC Approves Ripple Under Its Virtual Assets Regime
Ripple announced that the Dubai Financial Services Authority (DFSA) has approved the digital asset XRP for use within the Dubai International Financial Centre (DIFC). Licensed virtual asset firms within the DIFC will now be able to incorporate XRP into their
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Standard Chartered Women in Tech: The Top 3 UAE Women Entrepreneurs in DIFC
Standard Chartered’s fifth cohort of the Women in Tech accelerator programme, launched in partnership with DIFC Innovation Hub, has awarded a total of USD 100,000 in equity-free seed capital to the top three female-led tech startups in the UAE. The
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Tabby Secures $200M in Series D Funding at $1.5b Valuation
Tabby, the MENA’s shopping and financial services app, has raised $200 million in equity financing led by Wellington Management. The equity financing drew additional participation from growth equity investor Bluepool Capital, in addition to existing investors STV, Mubadala Investment Capital,
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Qatar Central Bank Unveils Digital Assets Lab
The Qatar Financial Centre (QFC) has unveiled the QFC Digital Assets Lab, powered by Qatar Central Bank. The Digital Assets Lab is the inaugural programme to be launched under the Innovation Dome, an innovative platform that fosters transformative initiatives, aiming
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Turkish Invoice Financing Platform Figopara Picks Provenir’s AI Risk Solution
Provenir announced that Figopara, a Turkish online marketplace for invoice financing, has selected the Provenir AI-Powered Risk Decisioning platform to automate decisioning and accelerate its global expansion. Figopara stands at the intersection of fintech innovation and deep domain expertise in
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Arab Monetary Fund Report: The Arab Open Banking Market Growth
The Open Banking market across Arab Countries to grow by 25% annually over the next five years, The Arab Monetary Fund (AMF) said in a report issued this week, presenting guidelines for an “Effective Open Banking/ Finance Adoption”. The report
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Amazon.ae Expands to Qatar
Amazon.ae announced the expansion of the International Shopping experience to Qatar, allowing local customers to browse and shop hundreds of thousands of eligible products that will be shipped to them from the UAE. Making it easier than ever for customers
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Mashreq NEO PAY and Nymbl Announce Strategic Partnership
NEO PAY, powered by Mashreq, has entered a strategic partnership with Nymbl. This collaboration aims to provide a comprehensive solution to SME’s, combining both in-store and online payment acceptance within a single platform. By leveraging NEO PAY this partnership aims
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