by Priyanka Sharma | November 21, 2024 | Banking Regulations, Fintech, Technology
Dubai Chamber of Digital Economy (DCDE), one of the three chambers operating under the umbrella of Dubai Chambers, has announced that it supported the establishment and expansion of 485 digital startups in the emirate between Q1 and Q3 2024. This represents an...
by Priyanka Sharma | November 20, 2024 | Banking, Banking Regulations, Central Banks, Fintech, Investment Banking, Retail Banking
The UAE has firmly established itself as a leader in the digital banking transformation sweeping across the Middle East, with the country commanding the largest share of the region’s $3.2 trillion in banking assets. A new report from Arthur D. Little (ADL)...
by Jibran Munaf | November 13, 2024 | Fintech
Visa announced Tuesday that it has launched a flexible payment feature in the United States and the United Arab Emirates, a move that aligns with rising consumer expectations for versatile payment options in a dynamic e-commerce environment. The new feature, called...
by Beshr Olaiwi | November 12, 2024 | Fintech
In a strong demonstration of rising demand for Saudi equities, investors poured in $34.8 billion in orders for United International Holding Co.’s IPO on the Riyadh exchange, oversubscribing the offering by 132 times. The parent company, United Electronics Co. (Extra),...
by Jibran Munaf | November 12, 2024 | Fintech
Careem Pay, the digital wallet and fintech platform within the Careem Everything App, has launched its international remittance service to five European countries—Spain, Italy, France, Ireland, and Germany. The new service allows UAE residents to transfer money to...
by Beshr Olaiwi | November 11, 2024 | Fintech
Kayanat, a leading provider of transformative solutions for Saudi Arabia’s energy and industrial sectors, announced a strategic joint venture with Pioneers, a company specializing in engineering, logistics, automation, and digital solutions. The partnership, unveiled...
