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MEA Finance

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DFSA grants ABK DIFC Branch Category 1 Banking License

DIFC announced today that it has been awarded a ‘Category 1 Banking License’ by the Dubai Financial Services Authority (DFSA). The license upgrade allows...

Emirates Institute for Banking and Financial Studies marks successful 2021, delivers 701 programs to 32,317 trainees

Emirates Institute for Banking and Financial Studies (EIBFS) announced the successful training of 32,317 professionals working in the banking and financial sector in 2021—marking...

80 percent growth in bank deposits in 10 years: Federal Competitiveness and Statistics Centre

Deposits at UAE banks grew 80% to AED1,884 billion in 2020 from AED1,049 billion in 2010, according to a report by the Federal Competitiveness...

R/GA London partners with NBK to create ‘Weyay’ – the first fully-digital bank in Kuwait

R/GA London partnered with the National Bank of Kuwait (NBK) on the launch of Weyay, the very first fully-digital bank in Kuwait. Built from the...

GFH spins out infrastructure investments into newly established “Infracorp”

GFH Financial Group (GFH) announced the spinning out of its infrastructure and real estate assets under the newly established “Infracorp” capitalized with more than...

MENA Fintech Association launches the Sustainable Fintech Alliance

The MENA Fintech Association (MFTA), the leading voice of the Fintech community in the region, has launched the Sustainable Fintech Alliance, with the mission...

GPS upsizes round to over US$400 million with participation of new investors to accelerate investment in next generation payments technology

Global Processing Services (“GPS”), a global payment technology platform, today announced the closing and upsizing of its latest fundraise at over US$400 million. Temasek...

Securrency Capital appoints board advisor

Securrency Capital announced that Dr Ryan Lemand has joined as a board advisor to the institutional DeFi (or "decentralized finance") brokerage. Dr Lemand brings...

GoDaddy joins forces with MyFatoorah on new smart payment solution

GoDaddy announced today it is working in partnership with MyFatoorah in the Middle East and North Africa (MENA) region, to offer new payment solutions...

Checkout.com raises $1 billion in Series D amid major US market push

On the heels of a highly successful year processing hundreds of billions of dollars in payments for some of the world’s largest merchants, Checkout.com...

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