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Mal closes record $230M seed round to build world’s first AI-native Islamic digital bank

Mal, the AI-native Islamic digital bank founded by serial fintech entrepreneur Abdallah Abu-Sheikh, is gearing up for its official launch following a strategic $230M...

botim money collaborates with Mastercard to expand and accelerate embedded cross-border payments

botim money, botim’s financial services arm serving millions of users in the UAE and beyond, announced a strategic collaboration with Mastercard to expand its global...

Wio Bank launches UAE’s first account for content creators

The 1 Billion Followers Summit, a summit dedicated to the content creation economy, in collaboration with Wio Bank, a UAE digital bank and Visa,...

Janus Henderson announces exclusive distribution arrangement with HSBC to launch innovative thematic global equity fund

Janus Henderson Investors announced the launch of the Janus Henderson Horizon Discovering New Alpha Fund (DNA), a global equity fund available exclusively to HSBC...

Emirates Islamic provides USD 500 million structured financing to Mass Group Holding

Emirates Islamic, one of the Islamic financial institutions in the UAE, has announced a landmark structured funding transaction valued at USD 500 million to...

Network International becomes first payments platform to power Stablecoin payments in the UAE through AE Coin in partnership with MBank

Network International, a fintech company across the Middle East and Africa, has become the first payments platform to enable regulated Stablecoin payments in the...

Zurich Middle East Life appoints Walter Jopp as Chief Executive Officer

Zurich Middle East Life announced the appointment of Walter Jopp as its new Chief Executive Officer, marking a significant milestone in the company’s ongoing...

QNB and Mastercard expand payment services in Syria

Mastercard announced that QNB Group, a financial institution in the Middle East and Africa, was granted a Mastercard license to extend its issuing and...

Commercial Bank of Dubai sets new benchmark as UAE’s first bank to fully activate open finance for customers

Commercial Bank of Dubai (CBD) has set a new benchmark for the UAE banking sector by becoming the first bank in the country to...

Comera Financial Holdings, part of Abu Dhabi’s Royal Group, and SC Ventures announce strategic collaboration to explore innovation in SME and beyond

Comera Financial Holdings, part of Abu Dhabi’s Royal Group, and SC Ventures, signed an MoU announcing a strategic collaboration to jointly explore new opportunities...

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