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SiFi, a Saudi focused spend management platform, closes a $10M Seed Round led by Sanabil Investments and RAED Ventures

Simplified Financial Solutions Company (SiFi) announced the closing of its $10M seed round. The round was led by Sanabil Investments, a wholly owned company...

New SNB Capital fund eases investor access to Nomu parallel market

SNB Capital has launched the SNB Capital Saudi Nomu Market Fund, providing retail investors with access to the Nomu parallel market without having to...

Citi appoints new Head of UAE Citi Commercial Bank

Citi announces the appointment of Vineet Vetts as Head of Citi Commercial Bank (CCB) for the United Arab Emirates, effective early November 2024. In this...

RAKEZ partners with ruya to offer sharia-compliant digital banking solutions to its clients

Ras Al Khaimah Economic Zone (RAKEZ) signed a Memorandum of Understanding (MoU) with ruya, the UAE’s digital-first Islamic community bank, to enhance the banking...

FAB and Gilded launch digitally enabled physical gold investment for private banking clients

FAB Private Banking, a division of First Abu Dhabi Bank (FAB), has partnered with financial technology firm Gilded to launch an innovative new physical...

Mbank is the first digital bank to commit with SBTi and Improve Environment, Social, and Governance (ESG) practices to limit climate change

Al Maryah Community Bank (Mbank) is the first digital bank in the UAE to have signed a commitment letter with The Science Based Targets...

GFH launches first AI Investor mobile app at the Future Investment Initiative

GFH Financial Group  announced the launch of its innovative investor mobile application at the Future Investment Initiative (FII) in Riyadh, Saudi Arabia. As one...

Geidea and tpay partner to transform digital payments in KSA, Egypt, & UAE

With digital payments in the Middle East, Turkey, and Africa (META) projected to grow at a compound annual rate of approximately 17.7% from 2023...

Mashreq reports a 9% Year-over-Year increase in 9M 2024 pre-tax profit to AED 6.5 billion

Mashreq report its strong financial performance for the first nine months of 2024, showcasing the bank's dedicated commitment to its strategic priorities. These include...

National Bank of Fujairah’s 9M profit jumps 39.3% to AED 715 million

The bank’s net profit after tax stood at AED 650.4 million – an achievement that reflected not only strategic foresight but also operational excellence

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