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Seven Stars Fund CEIC Limited, a closed-ended private credit fund in the Dubai International Financial Centre (DIFC), opened on 27 October to subscriptions from professional clients, the fund’s backers said. …

Malek Alzubi is co-founder and chief executive of AXON, a Dubai-based company that builds settlement infrastructure linking banks, payment networks and stablecoin issuers. He founded it in 2021 with Mohammad …

Ziina, the UAE payments app, has a Retail Payment Services Category III licence from the Central Bank of the UAE, adding it to the stored value facility licence it has …

etisalat money, the fintech arm of etisalat, has partnered with Visa to widen how people and small businesses in the UAE send money abroad, using Visa’s money movement platform Visa …

Chocolate Finance, the Singapore-founded savings and wealth app, has launched in the UAE, adding the market to Singapore and Hong Kong. UAE residents and international non-residents can open accounts and …

The Central Bank of the UAE has issued no-objections to Mawarid Finance PJSC that allow it to offer financing to MSMEs together with Liabify, and to issue prepaid cards through …

Emirates NBD will run OpenAI’s GPT models on infrastructure inside the UAE, the bank and OpenAI announced on 19 October. They describe it as the first bank in the Middle …

Botim users in the UAE can now send money directly into GCash wallets in the Philippines, after a partnership between the app and GCash, the Philippines’ largest digital wallet. Recipients can …

Ant International, the company behind Alipay+, has received two full licences from the Central Bank of the UAE: a Retail Payment Services and Card Schemes (Category II) licence and a …

Rain MENA FZE, the Dubai arm of Bahrain-based crypto brokerage and custodian Rain, holds a full licence from Dubai’s Virtual Assets Regulatory Authority (VARA) for exchange and broker-dealer services. VARA’s public …