DIFC Rolls Out Temporary Support Measures for Businesses and Retailers
DIFC Introduces Temporary Support Measures for Businesses and Retailers The Dubai International Financial Centre (DIFC) has announced temporary support measures aimed at easing short-term operational and financial pressures on businesses and retailers operating within the financial hub. The measures take effect immediately and are designed to provide flexibility as the region navigates current conditions. According […]
Read MoreCareem Pay Adds Türkiye and Saudi Arabia to UAE Remittance Network
Careem Pay Expands UAE Remittance Network to Türkiye and Saudi Arabia Careem Pay has broadened its remittance service for United Arab Emirates residents by adding Türkiye and Saudi Arabia as new transfer destinations. The expansion allows users to send money directly to bank accounts in both countries through the Careem app. With the latest additions, […]
Read MoreKing Street and PIF to Launch Private Credit Fund in Saudi Arabia and MENA
King Street and PIF to Launch Private Credit Fund in Saudi Arabia and MENA King Street Capital Management and Saudi Arabia’s Public Investment Fund (PIF) have signed a non-binding memorandum of understanding to establish a new private credit fund focused on Saudi Arabia and the wider Middle East and North Africa (MENA) region. Under the […]
Read MoreEmirates NBD Launches SME Support Package as Regional Pressures Rise
Emirates NBD launches SME support package as regional pressures rise Emirates NBD has introduced a new Business Support Package aimed at providing temporary fee relief for small and medium-sized enterprises (SMEs) operating in the UAE. The initiative comes as businesses continue to navigate challenging regional conditions and seeks to help companies manage their day-to-day operations […]
Read MoreDFDF and Second Century Ventures Partner to Boost Dubai’s Proptech Innovation
DFDF and Second Century Ventures Sign MoU to Advance Dubai’s Proptech Ecosystem Dubai Future District Fund (DFDF) has signed a memorandum of understanding (MoU) with Second Century Ventures (SCV) to support real estate innovation in Dubai and strengthen collaboration between the local market and international proptech players. SCV is the venture arm backed by the […]
Read MoreCisco Names Bader Almadi Vice President for Saudi Arabia
Cisco appoints Bader Almadi as Vice President for Saudi Arabia Cisco has named Bader Almadi as Vice President for its Saudi Arabia operations, with the role based in Riyadh. The appointment places Almadi in charge of strategy and commercial operations as the company looks to deepen its contribution to Saudi Arabia’s digital transformation agenda. The […]
Read MoreMashreq Launches Fully Digital Egypt Accounts for UAE-Based Customers
Mashreq Launches Fully Digital Egypt Accounts for UAE-Based Customers Mashreq has introduced a new digital banking service that allows UAE-based Egyptian customers to open and manage Mashreq Egypt accounts remotely through the Mashreq UAE mobile app. The launch is designed to simplify cross-border banking for Egyptian nationals living in the UAE by removing the need […]
Read MoreHillhouse Secures ADGM License, Opens Abu Dhabi Office
Hillhouse Secures ADGM License and Opens Abu Dhabi Office Global asset manager Hillhouse Investment Management has opened a new office in Abu Dhabi after securing a Category 3C license from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). The move marks a further step in the firm’s expansion across the United […]
Read Moredu Pay and GCash Partner for Faster UAE to Philippines Remittances
du Pay and GCash Partner to Speed Up UAE-to-Philippines Remittances UAE-based digital wallet du Pay has signed a memorandum of understanding with Philippine financial platform GCash to support faster remittances for Filipino expatriates sending money from the UAE to the Philippines. Under the partnership, overseas Filipino workers in the UAE will be able to transfer […]
Read MoreFlutterwave Secures Nigerian Banking License, Gains Direct Control of Payments
Flutterwave Secures Nigerian Banking License, Gains Direct Control of Payments Flutterwave has obtained a Nigerian banking license, a development that gives the fintech company direct control over customer funds and deposits in its largest market. The approval marks a significant step in the company’s expansion strategy and is expected to strengthen its payment infrastructure across […]
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