Editors pick

Mastercard welcomes NymCard as Principal Mastercard Issuer to boost UAE fintech landscape

Mastercard has certified NymCard, a plug-and-play banking-as-a-service (BaaS) provider, as a Principal Mastercard Issuer in the UAE. The milestone announcement marks the first time...

Gulf International Bank celebrates the opening of its new Abu Dhabi offices

Gulf International Bank (GIB) announced the official opening of its new larger offices in the Nation Towers in Abu Dhabi. CEO of GIB B.S.C.,...

PayBy and UnionPay partner to build cashless ecosystem and promote financial inclusion in the UAE

Fintech enterprise PayBy has partnered with UnionPay International (UPI) to launch a mass roll out of the UnionPay virtual card in the UAE. PayBy...

HyperPay raises SAR 138m in new investment round to accelerate growth

HyperPay has successfully raised SAR 138M in a new funding round. The round was led by Mastercard with investments from Amwal Capital Partners and...

IMF Regional Economic Outlook outlines policy priorities to support the recovery in the MENA region

Dubai International Financial Centre (DIFC) co-hosted the virtual launch of the International Monetary Fund (IMF) April 2022 Regional Economic Outlook (REO) for the Middle...

Abu Dhabi Securities Exchange (ADX) lists GFH

Abu Dhabi Securities Exchange (ADX) announced the secondary listing of GFH Financial Group B.S.C.. The listing is set to further expand GFH’s investor base...

Tarabut Gateway partners with major banks in KSA, ideally timed as Open Banking nears its launch in the Kingdom

Tarabut Gateway, an Open Banking platform in the MENA region with a market presence in Bahrain, the UAE and KSA, announces four new key...

Mastercard and HyperPay sign a strategic partnership to expand digital payment rails across Middle East and North Africa

Mastercard, a technology leader in the global payments industry, has announced a strategic partnership Saudi Arabia-based HyperPay, the fastest growing e-commerce payments services provider in the...

flydubai and Standard Chartered sign Sale and Leaseback deal for five Boeing aircraft

Standard Chartered and Dubai-based carrier, flydubai, have successfully signed the Sale and Leaseback (SLB) agreement for five new Boeing 737 MAX aircrafts. Four aircrafts...

AECB introduces ‘Expense to Salary Ratio’ Indicator to Credit Reports

Al Etihad Credit Bureau (AECB) announced that the Credit reports will now include an ‘Expense to Salary Ratio’ (ESR). ESR appears as a indication...

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