SAMA Grants License to Nama United Financing Company, Expanding the KSA's Finance Sector

SAMA Grants License to Nama United Financing Company, Expanding the KSA’s Finance Sector

The Saudi Central Bank (SAMA) has officially granted a license to Nama United Financing Company, enabling it to offer a range of financial services, including real estate finance, production assets finance, SME finance, finance leasing, and consumer finance. This move marks a significant milestone in Saudi Arabia’s financial ecosystem, increasing the total number of finance […]

Kudo Trade secures Mauritius FSC License as Broker showcases at iFX EXPO Dubai

Kudo Trade secures Mauritius FSC License as Broker showcases at iFX EXPO Dubai

Global – Kudo Trade, a leading innovator in global financial trading services, is proud to announce that it has been granted a prestigious license by the Financial Services Commission (FSC) of Mauritius. The license, numbered GB24203599, underscores Kudo Trade’s commitment to operating at the highest standards of regulatory compliance and delivering exceptional services to its clients […]

Four MENA Countries Stand Out with their Highly Mature Fintech Strategies

Four MENA Countries Stand Out with their Highly Mature Fintech Strategies

Arab Advisors Group released a new research report exploring the growing fintech market in the Arab World. The report expands on the current fintech landscape in the Arab region, covering the fintech regulatory frameworks, licensing, legality of cryptocurrency, fintech goals and initiatives, challenges and governmental vision for the sector in 19 Arab countries. Moreover, Arab Advisors […]

Bahrain-based EazyPay wins Mastercard EDGE 2024 Award for innovating in Crypto Acceptance in MENA

Bahrain-based EazyPay wins Mastercard EDGE 2024 Award for innovating in Crypto Acceptance in MENA

Manama, Bahrain – Eazy Financial Services “EazyPay”, a leading Bahraini financial institute specialized in Point-of-Sale (POS) and online payment gateway acquiring services, is proud to announce its win in the “Innovating in Crypto Acceptance in MENA” category at the Mastercard EDGE 2024 Awards. The ceremony, held on October 16th in Dubai, recognized EazyPay’s significant contributions […]

Velexa and Ajyad Capital Partner to Revolutionize Digital Investing for GCC Residents

Velexa and Ajyad Capital Partner to Revolutionize Digital Investing for GCC Residents

Abu Dhabi, United Arabic Emirates, 13 January 2025 – Velexa, a leading WealthTech innovator, and Ajyad Capital, a renowned investment management firm based in the Kingdom of Bahrain, have signed a Memorandum of Understanding (MoU) to establish a strategic alliance aimed at revolutionizing investing landscape in the GCC region. This partnership is aimed at supporting the goals of […]

Bank AlJazira unveils Key Leadership Appointments

Bank AlJazira unveils Key Leadership Appointments

Bank Aljazira Announces New Leadership and Reports Strong Financial Performance Riyadh, Saudi Arabia – Bank Aljazira has announced the appointment of Abdulmajeed bin Ibrahim Al Sultan as the Chairman of its Board of Directors for a three-year term. Mohammed bin Saad bin Dawood has been named Vice Chairman, and Naif Abdulkareem Al Abdulkareem will serve […]

BankDhofar pioneers Swift GPI in Oman for seamless cross-border payments

BankDhofar pioneers Swift GPI in Oman for seamless cross-border payments

MUSCAT: Innovation-driven BankDhofar ,The second largest bank in the Sultanate of Oman in terms of the number of branches , has taken a pioneering step in the country’s financial sector by introducing the Swift Global Payments Initiative (GPI). This cutting-edge solution, now seamlessly accessible to customers through BankDhofar’s channels, makes it the first bank in Oman […]