Middle East Business News

Investcorp To Invest In Italian Alternative Payments Enabler Epipoli

The Bahrain-based company has deployed $280 million in investments since the beginning of the financial year Read more

Dubai-headquartered Fintech MANSA Secures $10mn In Funding To Expand Cross-border Payments Solutions

The funds will support the company’s market expansion into Latin America and Southeast Asia Read more

Olam Group Sells 44.6% Stake In Agribusiness To Saudi Arabias SALIC For $1.8bn

Post-stake acquisition, SALIC will hold an 80 per cent controlling stake in the business Read more

Aldar And Emirates NBD Launch Co-branded Darna Visa Credit Card

Offers 12-month interest-free payment plan for residential purchases within Aldar's sales portfolio, as well as tuition... Read more

DIFC Shatters Revenue And Occupation Records In 20th Year Of Operation

Reports 55% jump in operating profit to $363mn; 37% increase in revenue to $484mn; 25% growth in active companies to 6,... Read more

UAEs Careem Pay Expands Remittance Service To 18 European Countries

Careem users can now send near-instant money transfers to bank accounts in Austria, Belgium, Croatia, Cyprus, Estonia a... Read more

Tamara, Mastercard Launch Virtual Payment Card In Bid To Grow UAEs BNPL Market

The partnership will enable Tamara to grow its product suite through added value services provided by Mastercard Read more

E& Enterprise Partners With PayPal To Expand Digital Payment Options For UAE Businesses

This will be particularly beneficial for merchants in the UAE and the region looking to reach customers abroad, driving... Read more

Trumps Return Sparks Crypto Surge: What Does This Mean For The US, Middle East?

The market's response to Trump's re-election and subsequent pro-crypto policies has been swift and pronounced Read more

Saudi BNPL Market To Hit $53bn By 2030 As Tabby Readies For IPO 

Tabby, the leading player in the BNPL market in Saudi Arabia and the region, raised $160 million last week at an estima... Read more

ASB Capital Commences Operations In Dubai, Aims To Bridge Regional And Global Markets

The firm said it will offer a diverse portfolio of wealth and asset management solutions, including public markets, pri... Read more

UAE Telecom Giant Du Adds Cryptocurrency To Payment Options

Customers can now opt to pay their du bills via Apple Pay or Samsung Pay, via debit or credit card and cryptocurrency Read more

Pig Butchering Romance Scams Surge 40%, Pushing Crypto Fraud To Record $12.4bn High

A major contributor to the growth in pig butchering and employment scams is the ongoing industrialisation of the fraud ... Read more

Abu Dhabi Announces New Rules For UAE Businesses Without Business Premises

Abu Dhabi woos businesses from across the UAE with flexible expansion options and premises-free trading Read more

ADX-listed Phoenix Group Reports Record $167mn Profit In 2024, Mining Revenue Up 236%

The company’s mining revenue surged to $107 million in 2024, up from $32 million in 2023 and $5.4 million in 2022 Read more