Middle East Business News

UAE Fintech Pay10 First To Launch On Central Banks Open Finance Framework

The company has acknowledged the Central Bank of the UAE's crucial role in facilitating a responsible and secure rollou... Read more

PayPal Expands In MEA Region With Its Newly Launched Hub In Dubai

Will serve 80 countries in Middle East and Africa from its Dubai Internet City hub; Has signed several deals with regio... Read more

New Board Certifies DMCC Tradeflow As Fully Shariah Compliant

Shariah Supervisory Board appointed to oversee Tradeflow’s Islamic finance offering; Certified fully-compliant with A... Read more

Google-backed AI Firm NeurochainAI Teams Up With W Chain For Smart Payment Solutions

W Chain and NeurochainAI will combine forces to offer smart global payment tools, with real-time fee adjustment and fra... Read more

Al Ansari Exchange Renews Strategic Partnership With Visa

Promises to unlock new opportunities and deliver significant value across the financial services ecosystem and accelera... Read more

ACWA Power Secures $200mn Loan For Its New HQ In Riyadh

The new sustainable building will meet the highest standards of green building and incorporate various Net Zero require... Read more

UAE Fintech Market To Reach $6.43bn By 2030

UAE fintech sector to hit $3.56bn this year and set for significant growth over five years Read more

Saudi Insurance Authority Proposes Expanded Coverage For Vehicle Lessees, Drivers In Draft Law Amendments: Report

The proposed draft aims to protect the rights of the insured and further improve the vehicle insurance sector Read more

Emirates NBDs Balance Sheet Crosses AED1 Trillion After Strong Q1 Numbers

Profit before tax rises 56% to $2.12 billion on strong loan growth and improving deposit mix; Deposits grew by 5%; Inco... Read more

Qatar Point-of-sale And E-commerce Transactions Hit $3.8bn In March

Qatar Central Bank highlights value and volume of point-of-sale and e-commerce transactions last month Read more

Fuze Secures Retail Payment And Card Schemes License From UAE Central Bank

The Abu Dhabi company, already a fully licensed operator for digital assets infrastructure, will soon launch a digital ... Read more

UAE Central Bank Imposes Financial Sanction On A Bank

The UAE bank failed to comply with the Anti-money Laundering and Combating the Financing of Terrorism and Illegal Organ... Read more

Ajman Bank Reports Over $36mn Net Profit In Q1 2025

The bank’s operating income, however, recorded a marginal rise of two percent to AED 198.91 million as of 31 March 20... Read more

Saudi Asset Management Industry Passed SR1tn For First Time

Saudi Arabia assets under management sector tipped to pass $350bn next year    Read more

Global Financial Firm Lazard Bets On UAE Growth With Abu Dhabi Office Launch

The move is seen as Lazard’s commitment to deepening its presence in MENA, serving as a trusted advisor to clients ac... Read more