News

noon payments enables Jaywan acceptance through Mastercard Gateway

Mastercard has collaborated with noon payments to enable Jaywan card transactions with Mastercard Gateway. The capability is made available through Mastercard Merchant Cloud, supporting...

Ooredoo-backed Zankore secures $3.1 billion financing for Nvidia AI cloud platform

AI platform Zankore said on Wednesday it has signed an up to $3.1 billion senior term ​loan facility to fund the rollout of ‌Nvidia-powered...

Standard Chartered deepens “Now’s Your Time for Wealth” campaign with AI-powered innovation, wealth and advisory capabilities

Singapore – Standard Chartered has launched the third phase of its “Now’s Your Time for Wealth” campaign, combining AI-powered innovation, wealth expertise and advisory capabilities to reinforce...

Stonegate launches family office in Dubai

Stonegate Capital has announced the launch of a family office in Dubai, created exclusively to coordinate and advance the substantial global financial, investment and...

Saudi-listed Edarat secured contract to build AI data centre

Edarat Communication and Information Technology Company (EDARAT) has secured an award valued at SAR 197.8 million, including VAT, from Al Moammar Information Systems Company...

Abu Dhabi Securities Exchange and Virtu Financial Announce the Launch of Block Crossing for Equity Securities Listed on Abu Dhabi Securities Exchange

Virtu Financial, Inc. (NYSE: VIRT), a leading provider of global, multi-asset financial services that delivers liquidity and innovative, transparent products across the complete investment...

Cassbana secures Central Bank of Oman sandbox approval

Following regulatory progress in Egypt, the CBO approval marks another milestone in Cassbana’s ambition to build the MSME credit infrastructure layer across MENA Cairo /...

Fuze Finance Expands to Switzerland to Serve Growing Demand for Crypto-Assets and Stablecoins

Fuze Finance (Fuze), a regulated crypto-assets infrastructure provider has announced expansion to Switzerland. This marks Fuze's entry to Western Europe, complementing existing regulatory licenses...

NymCard receives in-principle approval from CBUAE for Stored Value Facility licence

NymCard, a full-stack payments infrastructure company in MENA, has received in-principle approval from the Central Bank of the UAE (CBUAE) for a Stored Value...

Phoenix Venture Partners Leads SAV’s $3.5 Million Pre-Series A Round to Accelerate Expansion into Saudi Arabia

Phoenix Venture Partners Limited (PVP), an Abu Dhabi-based venture capital fund manager, today announced that it has led a US$3.5 million Pre-Series A financing...

Daribatech Announces Strategic Partnership with Gateley Middle East to Support UAE E-invoicing Compliance

Dariba Technologies, a Dubai-based tax technology company and Accredited Service Provider (ASP) with the UAE Ministry of Finance, today announced a strategic partnership with...

NTT DATA and Red Sea Global Sign Strategic Partnership Agreement

NTT DATA, a global leader in AI, digital business and technology services and Red Sea Global (RSG), the developer behind regenerative tourism destinations; The Red...

Saudi Arabia’s PayTabs Group acquires Amazon Payments MENA for $100mln+

Saudi Arabia's PayTabs Group and Amazon Payment Services have agreed to a transaction that would transfer Amazon's Middle East and North Africa payments operations...

OpenAI rolls out long-awaited GPT-6 Astra

OpenAI launched its latest AI model GPT-Astra, positioned as a key push of “AGI” or “artificial general intelligence”. GPT‑6 Astra brings together years of research...

Network International unlocks GCC-wide commerce through a single payment integration

Network International (Network), a leading fintech company across the Middle East and Africa, announced the launch of its regional acquiring capability that enables merchants...

Salla acquires Paylink to enhance the financial services ecosystem for merchants

"Salla", the leading Saudi platform in e-commerce solutions, announced its acquisition of "Paylink", a company specializing in payment solutions, in a strategic step aimed...

Mindsprint launches conversational AI PR Agent on Procuresprint®

Mindsprint, a technology firm offering purpose-built AI-led solutions to modernize enterprise operations, and a Wipro company, announced the launch of a new Purchase Requisition...

Standard Chartered becomes first Global Systemically Important Bank (G-SIB) to launch Institutional Bitcoin and Ether spot trading in the UAE

Standard Chartered today announced the expansion of its institutional Bitcoin (BTC/USD) and Ether (ETH/USD) spot trading in the UAE through ‘Standard Chartered DIFC’1. This makes...

COFE Tech Secures Pre-IPO Investment at $178 Million Valuation, Led by Aramco’s Wa’ed Ventures, Aditum, Masarrah and Alyasra, Ahead of Saudi IPO

COFE Tech (formerly COFE APP), the leading operator of agentic AI enterprises and the provider of intelligent procurement and commerce infrastructure to more than...

FAB completes live tokenized deposit milestone with Citi through Swift Ledger

First Abu Dhabi Bank (FAB), the UAE’s global bank and one of the world’s largest and safest financial institutions, has successfully completed live USD...

Vision Bank Launches SME Financing to Support Cross-Border Trade

Vision Bank, the Abu Dhabi Global Markets (ADGM)-headquartered Islamic bank founded and wholly owned by GII Group, has announced the launch of its SME...

QFC and AlRayan Bank Partner to Advance Banking Access, Islamic Finance and Capital Markets

Qatar Financial Centre (QFC), a leading onshore financial and business center, signed a Memorandum of Understanding (MoU) with AlRayan Bank (Q.P.S.C), one of Qatar's...

Blossom Accelerator launches Blossom Capital

New venture capital arm backs Saudi and global AI companies across enterprise AI, cybersecurity, computer vision, healthtech, fintech and retail technology, supporting Saudi...

HUMAIN Invests in and Partners with Arabic.AI and Tarjama to Advance Arabic Language Translation and Document Intelligence

HUMAIN, a PIF company delivering full-stack artificial intelligence capabilities globally, announced a strategic investment in and partnership with Arabic.AI and Tarjama, bringing together HUMAIN’s...

Al Faisal Holding enters a strategic partnership with BKN301 to advance FinTech and digital banking

Al Faisal Holding, one of the largest and most diversified private sector groups in Qatar and the region, has entered a strategic partnership with...

Pasqal and KACST Launch Strategic Quantum Research Collaboration as Pasqal Expands Presence in Saudi Arabia

King Abdulaziz City for Science and Technology (KACST), represented by the National Center for Quantum Technologies (NCQT), has signed a research collaboration agreement with...

AMD and HUMAIN Launch “AI In a Box” to Increase AI Accessibility for Saudi Arabia-based Enterprises

AMD and HUMAIN, a PIF company delivering global full-stack AI solutions, launched a new “AI in a Box” solution for enterprise users across Saudi Arabia....

Alpha Dhabi to double its private credit commitment and stake to US$1 billion in MICAD Credit JV managed by Mubadala Capital

ADX-listed Alpha Dhabi Holding PJSC (“Alpha Dhabi”), one of the fastest-growing investment holding companies in the MENA region, has increased its investment in its...

BENEFIT expands GCC credit information network

BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, announced the successful completion of the integration between Bahrain Credit...

QNB Group and Mastercard Enable World’s First International Card Payment in Syria

QNB Group, a leading financial institution in the Middle East and Africa, has announced the successful completion of the first end-to-end international card payment...

RIT Dubai and Palmira Software House Sign Strategic Partnership to Advance Digital Transformation and AI in the UAE

Rochester Institute of Technology of Dubai (RIT Dubai), the Dubai-based global location of the esteemed Rochester Institute of Technology NY, USA, and Palmira Software...

Abu Dhabi Islamic Bank, Marriott Bonvoy, and Visa Launch Co-Branded Cards Offering Elite Travel and Lifestyle Benefits

Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, Marriott Bonvoy, Marriott International’s award-winning travel programme, and Visa announce the launch of two co-branded cards...

Visa Announces International Card Payment in Syria

Visa (NYSE: V), a global leader in digital payments, announced they have tested the first live international transaction in Syria, marking an important milestone...

Google Cloud Launches Gemini Enterprise for Financial Services

Google Cloud unveiled Gemini Enterprise for Financial Services, a purpose-built agentic AI solution engineered for financial professionals. This solution includes a Google-managed Financial Research...

Swvl Announces $13 Million Strategic Investment Round

Swvl Holdings Corp, a leading provider of technology-driven mobility solutions for enterprises and governments, announced that it has entered into a definitive securities purchase...

KARTY LLC receives the Visa FinTech Innovation Award following its Qatar launch

KARTY LLC, Qatar's leading digital wallet and payment startup, has received Visa’s FinTech Innovation Award, recognising its work to advance digital payments and money...

RAK ICC and Rakbank partner to strengthen banking access for international wealth community

RAK International Corporate Centre (RAK ICC) has partnered with Rakbank to strengthen banking access for its growing international wealth community, providing registered companies and...

Zand Expands Stablecoin Access and Adoption in Global Markets with USDC

Zand, an AI and blockchain-powered digital bank in the United Arab Emirates (UAE), today announced plans to expand its stablecoin infrastructure capabilities through support...

Mistral and HUMAIN Announce Strategic Collaboration to Advance Sovereign AI in Saudi Arabia and Regionally

Mistral and HUMAIN announced a strategic collaboration spanning AI infrastructure, advanced model development, and the deployment of AI solutions in Saudi Arabia and across...

Ajman Bank Launches “AB ONE CORP” – A Next-Generation Corporate Digital Banking Platform for Corporate and SME Clients

Ajman Bank announced the launch of “AB ONE CORP”, its new digital banking platform designed to deliver a more secure, seamless, and intuitive digital...

Shukria and Mastercard Announce Strategic Collaboration to Advance Commercial Payments in the UAE

Shukria, Mercury’s digital payments and business solutions brand, today announced its collaboration with Mastercard to launch the Shukria Commercial Card, designed for merchants and...

Fasset Hits $1B Valuation as SBI Group Leads $68M Series C to Scale AI-Powered Stablecoin Neobanking

Fasset, the AI-powered stablecoin neobanking platform, today announced it has raised $68 million in Series C funding at a $1 billion valuation. The financing...

Fintech Galaxy Receives In Principle Approval from the Central Bank of the UAE to Power the Next Era of Open Finance

The approval marks the beginning of a new phase for Fintech Galaxy following a year of strategic transformation and a renewed focus on intelligent...

INGOT Group Celebrates 20 Years with the Launch of Rise, a Next-Generation Trading App

INGOT Group, the multi-licensed brokerage group founded in 2006, celebrates its 20th anniversary with the launch of Rise, a trading app built from the...