Editors pick

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...

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...

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...

Orange Middle East and Africa and Mastercard partner to digitize payments for millions across Africa by 2025

Orange Middle East and Africa (OMEA) and Mastercard have announced a strategic partnership to expand access to mobile financial services across Sub-Saharan Africa. This...

KBW Ventures engages local entrepreneurs through Mohammed Bin Rashid Innovation Fund Startup Clinic

Members of the KBW Ventures senior leadership team took part in a Startup Clinic staged by the Mohammed Bin Rashid Innovation Fund (MBRIF). The...

National Bank of Fujairah teams up with Intellect to deploy eMACH.ai Cloud for wholesale banking on Microsoft Azure

Intellect Global Transaction Banking (iGTB), the transaction banking business unit from Intellect Design Arena Ltd  partnered with National Bank of Fujairah (NBF), an award-winning...

Arab Financial Services (AFS) secures $50 Million capital investment

Arab Financial Services (AFS), a pioneering digital payments solutions provider and fintech enabler in the Middle East and Africa, has raised $50 million in...

Ajman Bank announces record-breaking 9M’24 pre-tax profit of AED 313 Million, surging 458%

His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of Board of Ajman Bank, chaired the bank’s board meeting,...

GBM and Mashreq partner to power Core Banking Operations with Next-Gen IBM POWER 10 Processor

Gulf Business Machines (GBM), an end-to-end leading digital solutions provider and Mashreq, a leading financial institution in the MENA region, today announced a partnership...

United Arab Bank pre-tax net profit up by 12% for the first nine months of 2024

United Arab Bank has announced its financial results for the nine months ended 30th September 2024. UAB posted a net profit before tax of AED...

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