In Arab countries, open banking is rapidly evolving into the more comprehensible model of open finance, expanding from payment accounts…
regulation
In Israel, the fintech industry is playing an increasingly important role in the country’s economy. In 2021, the sector employed…
In the Middle East and North Africa (MENA) region, Bahrain is the undeniable leader when it comes to open banking,…
The government of Dubai has released its Virtual Assets and Related Activities Regulations 2023, a new set of rules targeting…
The State Bank of Pakistan (SBP) has unveiled the granting of no objection certificates (NOCs) to five applicants of its…
Though less developed than neighboring countries including the United Arab Emirates (UAE) and Saudi Arabia, Qatar’s fintech industry has continued…
Tweeq International Financial Company, a Saudi Arabian business, has been granted a license to operate as a payment fintech company…
Striving to turn the country into a major fintech hub, the Qatar government has introduced a number of programs and…
2021 was a blockbuster year for Pakistani startups, which raised a total of US$352 million, data from Invest2Innovate, a local…
As investment and trading activity in virtual and digital assets continue to grow in the Middle East, economic zone financial…
The Central Bank of Oman (CBO) is drafting the so-called Open Banking API Strategy as part of a broader push…
Despite a growing population and a large pool of unbanked, Pakistan has been a relatively slow-mover within the digital finance…
Egypt’s venture investment ecosystem has emerged as one of the most rapidly developing markets in the Middle East and North…
With a booming fintech sector, the Nigerian government and regulators are now setting the foundation for open banking, releasing regulatory…
The Saudi Central Bank, previously known as Saudi Arabian Monetary Authority (SAMA), is planning to go live with open banking…
Several firms from the United Arab Emirates (UAE), the broader Middle Eastern region, and Asia-Pacific, are looking to establish digital…
The Dubai International Financial Centre (DIFC), a special economic zone in Dubai and a financial hub for the Middle East,…
Saudi Arabia’s capital markets watchdog has granted Haseed Investing Company and Wahed Capital a Fintech ExPermit, allowing the two companies…
After banning the trading of cryptocurrencies, Saudi Arabia is now developing a blockchain-based digital currency in collaboration with the United…
Not only United Arab Emirates (UAE) have beeen recently scrutinizing this new financing mechanism, but they have as well recognized…