Tagged: mena

September 27, 2024 @ 9:17 am By Omar Faridi  |  

Building on its earlier participation in JPM Coin Systems through Onyx by JP Morgan, the firm’s blockchain business unit, First Abu Dhabi Bank (FAB) completed its pilot using Programmable Payments. Programmability is the ability of the system “to execute specific tasks based on defined instructions.”… Read More

September 23, 2024 @ 3:16 pm By JD Alois  |  

Online lender Biz2X says it has partnered with Watermelon Ecosystem. The platform provides services for restaurateurs and other F&B entrepreneurs in the MENA region. Biz2X will power business financing for businesses that use the Watermelon platform. Merchants selling inventory and other goods or services on… Read More

September 19, 2024 @ 9:35 am By Omar Faridi  |  

Mesh, the modern connectivity layer for crypto that makes transfers and account aggregation seamless, is thrilled to announce its strategic partnership with CoinMENA FZE, a digital assets trading platform in the Middle East. This collaboration aims to enhance digital asset transfer services by “allowing CoinMENA’s… Read More

September 4, 2024 @ 8:07 pm By Omar Faridi  |  

Tabby, the MENA’s shopping and financial services app, has announced it has entered into a definitive agreement to acquire Tweeq, a Saudi-based digital wallet licensed by the Saudi Central Bank (SAMA), during 24 Fintech, Saudi’s flagship fintech event. Tweeq will continue to operate independently, and… Read More

September 2, 2024 @ 1:51 pm By Omar Faridi  |  

In line with the Third Financial Sector Strategy issued by Qatar Central Bank, the Qatar Financial Centre Authority (QFCA) and Qatar Financial Centre Regulatory Authority (QFCRA) have announced the launch of the QFC Digital Assets Framework, a comprehensive and innovative regime for the creation and… Read More

August 27, 2024 @ 8:32 am By Omar Faridi  |  

Bitpanda‘s latest partner, CoinMENA, is a crypto broker in the Middle East. Through their partnership with Bitpanda Technology Solutions (BTS), CoinMENA will enhance trading efficiency on their platform and “expand the range of crypto assets available to its users.” When fully implemented, CoinMENA will have… Read More

August 19, 2024 @ 11:53 am By JD Alois  |  

Gate Ventures, part of Gate.io, and the Blockchain Center in Abu Dhabi have announced a collaboration on a $100 million fund to support early-stage blockchain firms. The new fund, Falcon Gate Ventures, is on a mission to drive blockchain innovation on a global scale. Abdulla… Read More

August 15, 2024 @ 8:45 am By Omar Faridi  |  

Thndr is said to be focused on opening investing accessibility in the MENA region with Alpaca. Thndr is an emerging force in MENA, who’s team is on “a mission to increase access to personal investing.” By opening access to the global markets for “a growing… Read More

August 15, 2024 @ 6:19 am By Omar Faridi  |  

ADGM, the international financial centre (IFC) of the UAE’s capital, continues its growth trajectory, reporting solid performance in the first half of 2024. As the fastest-growing financial centre and the only jurisdiction with the direct application of the English Common Law in the region, ADGM’s… Read More

August 14, 2024 @ 4:34 pm By Omar Faridi  |  

Ripple, the provider of enterprise blockchain and crypto solutions, has announced plans to partner with the DIFC Innovation Hub, the innovation ecosystem of the Dubai International Financial Centre (DIFC), to accelerate blockchain and digital assets innovation in the UAE. The new partnership will connect “the… Read More

August 14, 2024 @ 8:14 am By Omar Faridi  |  

Tether Operations Limited, which claims to be one of the largest companies in the digital asset industry, is announcing a $3 million strategic investment in the Kem app, a platform designed for money transfers and financial management. This collaboration will see Kem App “introduce USD₮… Read More

August 7, 2024 @ 6:18 am By Omar Faridi  |  

B.TECH Business, a sector of B.TECH, a retailer of consumer electronics and home appliances in Egypt, has signed a cooperation protocol with Foodics Egypt, the  restaurant management and payment solutions in Egypt and MENA. This collaboration aims to supply “all the necessary equipment and tools… Read More

August 6, 2024 @ 2:53 pm By Omar Faridi  |  

RAK Digital Assets Oasis, the Free Zone with Common Law features dedicated to supporting and nurturing digital assets companies, announces its partnership with digital banking platform Ibanera. As the RAK DAO licensed ecosystem partner, Ibanera will leverage “an extensive network of Web3 companies, funding opportunities,… Read More

July 22, 2024 @ 5:03 am By Omar Faridi  |  

MNT-Halan, an Egyptian FinTech firm and the nation’s first unicorn, has reportedly finalized a new investment round, acquiring a total of $157.5 million. This new funding round included contributions of $40 million from the International Finance Corporation (IFC), while the other funds were provided by… Read More

July 16, 2024 @ 11:08 pm By Omar Faridi  |  

ADGM’s commitment to transparency, accountability and market integrity has been “strongly reflected” through its coordinated efforts to sustain these pillars. ADGM, the international financial centre of the UAE’s capital, has announced the publication of its whistleblowing framework, “a coordinated initiative between ADGM Authorities to sustain… Read More

July 3, 2024 @ 8:59 pm By Omar Faridi  |  

AXA IM Alts, a global firm focused on alternative investments with $200 billion (€184 billion) of assets under management, has expanded its global network with the opening of its first office in the Middle East. AXA IM Alts has been granted its financial services permission… Read More

June 27, 2024 @ 6:45 pm By Omar Faridi  |  

Tabby, the MENA region’s shopping and financial services app, conducted an in-depth analysis of their shoppers’ buying habits to determine the primary uses of BNPL. The research, based on a survey of 2,500 Tabby shoppers, “revealed that the majority use BNPL for essential purchases rather… Read More

June 24, 2024 @ 9:02 am By JD Alois  |  

Euronet (NASDAQ: EEFT) and Fintech Galaxy have announced a partnership to offer Open Banking services in the MENA region and the African continent. The service includes digital banking or Banking as a Service, as well as offerings for Fintechs, merchants, and more. Services include payments,… Read More

June 19, 2024 @ 8:37 pm By Omar Faridi  |  

Central bank digital currencies or CBDCs can boost Middle East’s financial inclusion, payment efficiency, according to a comprehensive update from the IMF. 19 countries in the Middle East and Central Asia are exploring issuing a CBDC, the IMF update noted. Almost two-thirds of countries in… Read More

June 17, 2024 @ 8:27 pm By Omar Faridi  |  

The Saudi Central Bank SAMA released the Annual Performance Report of the Saudi Finance and Real Estate Refinance Companies Sector for the year 2023. The report highlighted the sector’s developments and financials “during 2023, where the paid-up share capital for finance companies sector increased by… Read More