Browsing: Financial Technology

Ripple has become the first blockchain-enabled payments provider to receive a licence from the Dubai…

The UAE and the Central African Republic have set a trade target exceeding AED 3.7B (USD 1B) following the signing of a Comprehensive Economic Partnership Agreement (CEPA) last week. This agreement aims to strengthen economic ties and unlock new business opportunities.

The ProFX Expo MENA 2025 is the leading event for forex, fintech, and cryptocurrency professionals…

Abdullah bin Touq Al Marri, Minister of Economy, highlighted the financial technology (Fintech) sector’s significant role in driving economic growth, stating that it currently contributes 8.7% to the UAE’s Gross Domestic Product (GDP).

Mamo, a UAE-based financial technology company, has partnered with Paymentology, a global issuer processor, to support small and medium enterprises (SMEs) in the UAE.

The second edition of the Arab Payment Week (APW) is set to begin today and will continue until 29 January 2025, at the Sheraton Abu Dhabi Hotel and Resort. Organized by Buna, the cross-border payment system for the Arab world, the event provides a platform for experts and leaders in the financial sector to discuss developments in payments and financial services, explore ways to strengthen the sector’s future, and ensure its sustainability.

The UAE’s financial markets, including the Dubai Financial Market (DFM) and Abu Dhabi Stock Exchange (ADX), have always been central to the region’s investment landscape, attracting both local and international investors.

Crypto.com has signed a memorandum of understanding (MoU) with Dubai Islamic Bank (DIB) to strengthen its services across the UAE and the Gulf Cooperation Council (GCC) region. This alliance aims to enhance the cryptocurrency experience for its over 100 million global customers while integrating Islamic finance principles.

Hitesh Asarpota, CEO of Emirates NBD Capital, highlighted the strategic importance of the investment in LoanBook, stating that their loan syndication and agency team would work closely with LoanBook to address inefficiencies within the current loan market structure.

As the digital asset landscape continues to grow globally, the United Arab Emirates (UAE) has…