It is difficult to overstate the spiritual significance of Hajj and Umrah: journeys taken by millions of Muslims every year. However, despite the religious importance of pilgrimage, it’s important not to neglect the logistical realities of travelling to the Holy Mosques. In particular, managing finances is a fundamental consideration. Here are five practical financial tips […]
Manama, Bahrain — Bahraini social commerce startup Sellou has announced the successful closing of a $3 million Seed funding round, aimed at accelerating its expansion across the Middle East and North Africa (MENA) region. Founded in 2020 by Salman Al Khalifa, Sellou is transforming the regional e-commerce landscape with its video-first platform that simplifies social selling. […]
Muscat: To enhance the efficiency and security of financial transactions, the Central Bank of Oman (CBO) has announced the go-live date for implementing the International Bank Account Number (IBAN) on domestic financial transactions, from July 1, 2025. This expansion will enhance the efficiency of local payment transactions, minimize operational errors, and expedite financial transfers between […]
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District. During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The […]
Arabian Pay, the leading national fintech platform, has announced the signing of an agreement to secure funding as part of its Pre-Seed investment round from “Al Bassami Holding Group”, a leader in the logistics and transportation sector in the Kingdom and globally. The signing ceremony was attended by Mohammed Rashid Alabdullatif, Founder and CEO of […]
Riyadh, Saudi Arabia – Nayla Finance, a fintech reshaping access to funding for micro-businesses, has successfully secured $4M in seed funding, led by Sanabil Venture Studio by Stryber. The funds will be used to fuel product and business expansion, alongside building Nayla’s loan book and provide essential capital to micro-businesses across Saudi Arabia. This investment marks […]
Riyadh, Saudi Arabia – barq, the fastest-growing digital wallet in Saudi Arabia, has announced a strategic partnership with Western Union, the global leader in international money transfers. This collaboration aims to redefine money transfer services in the Kingdom, enabling millions of users to send and receive money through the Barq app with enhanced ease and […]
Dubai, UAE – Visa (NYSE: V), a world leader in digital payments, and Emirates NBD Pay, a digital payment platform provided by Emirates NBD P.J.S.C., a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, have partnered to launch Cybersource, a Visa Acceptance Solutions offering. Cybersource will be incorporated into the Emirates […]
Debt collection in MENA is stuck in the past – a fragmented landscape of manual processes, aggressive tactics, and poor outcomes that costs lenders billions while punishing borrowers. As the region’s $500 billion consumer lending market surges and consumer protection regulations tighten, traditional collection methods cannot deliver the reliable capital flows needed to maintain harmony […]
Muscat, Oman – March 20, 2025 – Amwal Pay, a leading provider of digital payment solutions, has announced the expansion of its services in Oman with the introduction of an integrated and advanced online payment gateway, designed to enhance the digital payments ecosystem and provide businesses with a seamless, fast, and secure payment experience. With […]