In the wake of the COVID-19 pandemic, the financial sector, including Islamic banks in the United Arab Emirates (UAE), has…
Spare, a Saudi based open banking services provider, announced the close of a $3 million funding round led by Vision…
Hakbah, a Saudi-based fintech savings platform, announces its successful $5.1 million Series A fundraise. The funding round was led by…
The Saudi Central Bank (SAMA) announces the issuance of the “Rules for Regulating Buy Now Pay Later (BNPL) Companies,” as…
ADQ, an Abu Dhabi-based investment and holding company, and Azerbaijan Investment Holding (AIH), a strategic sovereign wealth fund located in…
Dubai-based ride-hailing service company Careem has announced a collaboration with cross border payments firm iPiD to enhance the international remittance…
Tamara, a leading fintech platform to shop, pay and bank in Saudi Arabia and the wider GCC region, has achieved…
Fundbot, a Fintech startup that automates corporate lending and payments between banks, buyers, and sellers, announced today that it has…
Lesha Bank, a Qatar-based investment bank, has upgraded its core banking system to the latest platform offered by banking software…
Hong Kong’s insurtech OneDegree has secured an investment from the Dubai Insurance Company for its Series B funding round as…
The Abu Dhabi Finance Week (ADFW) wrapped up its 2023 edition after having successfully hosted more than 18,000 attendees from…
Project Diamond, a smart contract-powered platform designed by seasoned asset managers for institutions to seamlessly create, buy, and sell digitally…
Lendo, a Saudi Arabia-based shariah-compliant debt crowdfunding marketplace, has raised SAR 105 million ($28 million) in Series B funding led…
Aramco has entered into a Memorandum of Understanding (MoU) with SBI Holdings, a Japanese-based financial services company. The MoU outlines…
In Jordan, fintech is emerging as one of the top investment targets for investors, attracting US$26 million in funding between…
Wio Bank was created to reboot banking in the UAE for both businesses and consumers. In alignment with the UAE’s…
The Bank Indonesia (BI) and Central Bank of the United Arab Emirates (CBUAE) have signed a Memorandum of Understanding (MOU)…
Coinciding with the UAE’s hosting of COP28, the Central Bank of the United Arab Emirates (CBUAE), in cooperation with the…
Qatar Central Bank (QCB) has started to receive the applications for licensing and regulating the loan-based crowdfunding service providers in…
In Arab countries, open banking is rapidly evolving into the more comprehensible model of open finance, expanding from payment accounts…