Fintech

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…

The IMF to identify obstacles to debt restructuring and suggested banning cryptocurrencies could be a viable option

During a G20 meeting on Saturday, International Monetary Fund (IMF) Managing Director Kristalina Georgieva stated…

NBK has partnered with AFS to offer point-of-sale (POS) services in Bahrain

National Bank of Kuwait (NBK)-Bahrain has announced a strategic collaboration with Arab Financial Services (AFS)…

Aion Digital, a fintech startup based in Bahrain, has successfully secured $5 million in a bridge round of funding

Aion Digital, a Bahrain-based fintech company, has recently announced that it has raised $5 million…

Multiply Group experienced a significant increase in full-year profit due to a rise in revenue, according to a recent financial report

Multiply Group, an Abu Dhabi-based investment holding company specializing in technology, has reported substantial growth…