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 6.4% increase in cashless transactions…

1 year ago

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 assets, has reported a record…

1 year ago

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 the growth market of the…

1 year ago

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 integrate its advanced artificial intelligence…

1 year ago

Bloomberg unveils a finance-focused AI model

Bloomberg, the renowned financial data and media company, has launched a new large-scale artificial intelligence (AI) model named BloombergGPT. This…

1 year ago

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 in Saudi Arabia has almost…

1 year ago

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 bid of Dh12.7 billion ($3.45…

1 year ago

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) are set to maintain…

1 year ago

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 currently undergoing an initial public…

1 year ago

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 main competitor, which he considers…

1 year ago