Fintech

Bahrain experiences a 6.4% growth in cashless transactions

According to the latest data from the Central Bank of Bahrain (CBB), Bahrain witnessed a…

ADCB records a 27% increase in profit in Q1, marking it as a historic high

Abu Dhabi Commercial Bank (ADCB), the third-largest bank in the United Arab Emirates (UAE) by…

MBME, a UAE-based FinTech company, will debut its shares on ADX next week

MBME Group, a UAE-based FinTech company, has announced that it will list its shares on…

Real-time expense insights fintech Alaan collaborates with OpenAI

Alaan, a UAE-based fintech that offers corporate spend management solutions, has partnered with OpenAI to…

Bloomberg unveils a finance-focused AI model

Bloomberg, the renowned financial data and media company, has launched a new large-scale artificial intelligence…

Saudi Arabia’s fintech sector nearly doubles with 79% YoY growth, rivalling UAE and Egypt

A new report by the US-Saudi Business Council reveals that the number of fintech companies…

UAE’s Al Ansari raises $210M in successful IPO

Al Ansari Financial Services, a UAE-based foreign exchange and payments transfer company, has received a…

Lower provisions and higher interest rates to fuel profit growth for UAE’s big banks in 2023

Moody’s Investors Service has reported that the four largest banks in the United Arab Emirates…

UAE’s Al Ansari boosts IPO size on strong investor interest

Al Ansari Financial Services, a leading exchange house in the United Arab Emirates (UAE), is…

Telr to aid the Gulf Cooperation Council’s (GCC) shift towards digital payments

Khalil Alami, the founder and CEO of Telr, a Dubai-based start-up, views cash as their…