Dubai Islamic Bank (DIB) is open to acquisition opportunities in its home base and the markets it operates beyond the Arab world’s second-largest economy as it looks to increase its market share, its group chief executive has said. The Dubai-headquartered lender is interested in acquiring a variety of assets that are complementary to the business…
His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, has recently met Crypto.com president and chief operating officer Eric Anziani at Gudaibiya Palace. HRH Prince Salman emphasised the kingdom’s commitment to advancing the financial services and digital technology sectors, both of which are priorities that contribute to supporting the kingdom’s…
Middle East’s financial landscape is poised for both continuity and transformation in 2025. While traditional banking metrics signal stability, FinTech is reshaping how financial services are delivered, reflecting a sector where innovation and resilience coexist. Fitch Ratings’ latest Middle East Banks Outlook 2025 paints a ‘neutral’ picture for the region’s banking sector. Credit growth is…
PaySky and Yalla Super App have been nominated for multiple prestigious awards at the MENA Fintech Association 2024 Awards, with winners to be announced during the Abu Dhabi Finance Week 2024 (ADFW). PaySky has been shortlisted in four categories: Fintech of the Year, Best Payments Solution, Best Innovative Payment Technology, and Best Merchant Solution, while…
Leading global digital real estate investment and fintech platform in the Middle East and North Africa region, Stake, has announced their official launch in the Kingdom. As the first platform regulated by the Capital Market Authority to afford individuals outside of the Kingdom the opportunity to invest into Saudi real estate, Stake is set to…
The UK and Qatar are set to enter major agreements as the Amir Sheikh Tamim bin Hamad Al Thani wraps up his official state visit to the UK. The deal will put the spotlight on cooperation and development of the UK’s fintech and green finance sectors. Qatar’s delegation will be hosted at Downing Street by…
The third edition of the MENA Fintech Festival concluded yesterday, following a three day affair that saw fintech leaders and key players coming together to remark on the financial landscape across the region. The opening ceremony of the three-day event witnessed the participation of the Assistant Governor for Financial Instruments and Payment Systems at Qatar…
The Global Women’s Forum Dubai 2024 featured a panel discussion titled ‘Fintech for All: Harnessing Innovation to Benefit Women and Beyond’, which focused on how financial technology is reshaping opportunities for women and communities worldwide. The panellists in the session included Hela Cheikhrouhou, Regional Vice President at the International Finance Corporation (IFC) for the Middle…
UAE-based Reem Finance has selected Swiss banking tech vendor Temenos to power its upcoming digital community bank. Founded in 2007 and headquartered in Abu Dhabi, Reem Finance provides corporate and retail financing solutions to help “facilitate business growth and advance trade capacity for private entities within various sectors”. Through its partnership with Temenos, Reem Finance…
Emirates NBD and Mashreq Bank have made a strategic investment in NewBridge Fintech Solutions, the owner of UAE-based fintech platform LoanBook. LoanBook offers a centralised marketplace digitising the syndicated loan and private credit markets. The investment will be used to scale up the platform and make it easier for market participants to access global loan…
