Palm Ventures, a VC firm based in Riyadh, has announced the initial close of Palm Ventures Fund I, a US$30…
Mashreq, a financial institution based in the UAE, has launched Mashreq Biz, a new online and mobile business banking platform…
RAKBANK, based in UAE, has entered a strategic partnership with Türkiye-based Faturalab, a provider of smart supply chain solutions. This…
e& enterprise, the digital transformation arm of e& ( formerly Etisalat), has entered a three-year collaboration with PayPal to enhance…
Indina Payments company Cashfree, which processes US$80 billion in transactions annually, has raised US$53 million in funding. A portion of…
Visa has signed a MoU with Abu Dhabi Islamic Bank (ADIB) to strengthen cybersecurity in digital payments. The partnership aims…
IBM and Alinma Bank have announced that Alinma Bank, a financial institution in Saudi Arabia, has adopted IBM’s hybrid cloud…
Dubai International Financial Centre (DIFC) reported record financial results for 2024 as it marked 20 years since its establishment. The…
MongoDB, a US-based database company, has announced plans to expand its presence in the Middle East following five years of…
In Saudi Arabia, generative artificial intelligence (genAI) has the potential to elevate the country’s gross domestic product (GDP) by approximately…
Dubai International Financial Centre (DIFC) has introduced a new API solution that allows third parties to access data on its…
Fintech funding in Saudi Arabia saw a significant drop of 74% year-over-year (YoY) in 2024, totaling US$182 million, according to…
Careem Pay, the fintech arm of the Careem Everything App, has expanded its international remittance service by introducing 18 new…
Tokinvest, a Dubai-based marketplace for real-world asset tokenisation, and HKVAX, a Hong Kong-based virtual asset trading platform, have announced a…
Dubai Islamic Bank (DIB) has partnered with Qatar Airways Privilege Club, allowing customers to convert their Wala’a Rewards into Avios.…
Paymentology, a global issuer processor based in the UK, has partnered with Mamo, a financial technology company based in the…
Checkout.com is expanding its partnership with Visa to introduce the Visa Direct Push-to-Card solution for both domestic and cross-border transactions…
Mashreq, a financial institution in the MENA region, has partnered with NEO PAY, a digital payments provider in the UAE,…
The Saudi Central Bank (SAMA) has granted approval to four new fintech startups to participate in its Regulatory Sandbox. The…
On the sidelines of LEAP 2025, Microsoft Arabia and the National IT Academy (NITA) have announced the establishment of the…