Fintechnews Middle East OpenAI announced plans to construct a large-scale computing facility in Abu Dhabi, following a deal between the Trump administration and the Gulf nation. The project will be part of a joint venture involving Oracle, Nvidia, SoftBank, Cisco, and G42, an Emirati AI firm, according to The New York Times. The first of several planned data […]
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Globant, a digital services company founded in Buenos Aires, Argentina, has opened its Middle East regional headquarters in Riyadh, Saudi Arabia. This development follows the company’s entry into the region less than three years ago. The Riyadh office will focus on AI and digital customer experience, integrating local talent into its operations. “Reinvention is Globant’s […]
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Mastercard has launched its Cyber Resilience Centre in Riyadh, an initiative aimed at fostering collaboration within the financial sector to strengthen the Kingdom’s commerce and payment security framework. This marks Mastercard’s first such initiative in the Middle East, extending its network of cyber resilience centres already established in Europe and the United States. Riyad Bank […]
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Deutsche Bank has announced that it has obtained a financial services permission from the Financial Services Regulatory Authority (FSRA) within the Abu Dhabi Global Market (ADGM). This authorisation enables the bank to conduct a range of regulated activities within the international financial centre. The license allows Deutsche Bank to carry out activities under the Financial […]
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areeba, a UAE-based provider of payment infrastructure, has entered into a partnership with FOO, a fintech solutions company headquartered in Dubai, to offer a comprehensive, integrated Card-as-a-Service (CaaS) programme aimed at banks and financial technology firms. The bundled service is designed to help institutions develop and scale secure card programmes and digital wallets without the […]
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The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (DIFC), has opened applications for its 2025 Graduate Programme. The initiative is part of the DFSA’s continued efforts to support the development of Emirati professionals in the financial services sector. The Graduate Programme is aimed at high-potential UAE National graduates, […]
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In a move to support MSMEs in the UAE, Emirates Development Bank (EDB) and RAKBANK have launched a joint financing initiative worth AED 1 billion. Announced during the Make it in the Emirates Forum at the ADNEC Centre in Abu Dhabi, the programme aims to improve access to funding for businesses in key national sectors. […]
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Bitcoin Suisse, a Swiss crypto financial services provider, has announced that its subsidiary, BTCS (Middle East), has received In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). This development is part of Bitcoin Suisse’s ongoing international expansion and will allow the firm to move toward obtaining full […]
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Thndr, a Cairo-based digital investment platform, has raised US$15.7 million in new funding to support its regional expansion across the Middle East and North Africa. The round was led by Prosus Ventures, with participation from Y Combinator, BECO Capital, Endeavor Catalyst, JIMCO, Raba, and Onsi Sawiris, as well as a major US university endowment. This […]
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Klickl, a regulated Web3 financial services provider, has signed a tripartite MoU with WeBank, a digital bank from Mainland China, and Goldford Group, an innovation-focused conglomerate in Hong Kong. The agreement sets out to create a cross-regional fintech innovation alliance connecting Mainland China, Hong Kong, and the Middle East. The MoU was signed during an […]
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