CE-Ventures announces acquisition of portfolio company CrossBridge Bio by Eli Lilly

CE-Ventures announces acquisition of portfolio company CrossBridge Bio by Eli Lilly

CE-Ventures, Crescent Enterprises’ corporate venture capital platform, co-led CrossBridge Bio’s USD 10 million initial financing round in November 2024 Acquisition marks a significant milestone in CE-Ventures’ strategy of backing leading biotech companies developing first- and best-in-class therapeutics Sharjah, United Arab Emirates: CE-Ventures, the corporate venture capital arm of Crescent Enterprises, today announced that its portfolio company […]

CBUAE and Philippines Central Banks Sign MoU to Boost Cross-Border Payments and Fintech Collaboration

CBUAE and Philippines Central Banks Sign MoU to Boost Cross-Border Payments and Fintech Collaboration

Abu Dhabi/ Manila: The Central Bank of the United Arab Emirates (CBUAE) and the Bangko Sentral ng Pilipinas (BSP) have signed a memorandum of understanding (MoU) during a virtual ceremony, aimed at developing financial infrastructure, promoting economic collaboration and strengthening bilateral trade. The MoU was signed by H.E. Khaled Mohamed Balama, Governor of the Central Bank […]

Dubai Department of Economy and Tourism (DET) Partners with HSBC to Attract Global Investors and Corporates

Dubai Department of Economy and Tourism (DET) Partners with HSBC to Attract Global Investors and Corporates

Partnership aims to attract global corporates, investors, and high-net-worth individuals to Dubai Collaboration will support international businesses’ market entry and expansion into Dubai’s priority sectors Dubai, United Arab Emirates: The Dubai Department of Economy and Tourism (DET) has signed a strategic agreement with HSBC Bank Middle East Limited to further deepen cooperation aimed at attracting […]

Nubank to Establish Regional Headquarters at Abu Dhabi Global Market (ADGM), UAE

Nubank to Establish Regional Headquarters at Abu Dhabi Global Market (ADGM), UAE

Abu Dhabi, UAE — Brazil’s leading digital bank Nubank is advancing its global expansion strategy with plans to establish a regional headquarters at Abu Dhabi Global Market (ADGM), marking a significant entry into the Middle East and North Africa (MENA) region. The development follows a high-level meeting between His Highness Sheikh Khaled bin Mohamed bin […]

Jordan’s Orange Money launches exclusive offers for international transfers to Egypt with Orange Cash

Jordan’s Orange Money launches exclusive offers for international transfers to Egypt with Orange Cash

As part of Orange Money’s exclusive offers, the electronic wallet is enabling its customers to send money transfers to Orange Cash in Egypt without any transfer commission. Additionally, under the offer’s terms, the recipient will gain financial rewards of up to EGP 700 along with a chance to win flight tickets (from Cairo to Amman) […]

Ministry of Finance, UAE approves SAP as eInvoicing Service Provider

Ministry of Finance, UAE approves SAP as eInvoicing Service Provider

Abu Dhabi — The Ministry of Finance has named SAP as one of the pre-approved eInvoicing service providers under the country’s new electronic invoicing framework, becoming the first enterprise resource planning (ERP) provider to be included on the Ministry’s pre-approved list. The recognition positions SAP to support organizations preparing for the UAE’s transition to structured electronic […]

Mashreq becomes first UAE bank to offer instant digital cross-border accounts for non-resident Egyptians

Mashreq becomes first UAE bank to offer instant digital cross-border accounts for non-resident Egyptians

Dubai, UAE: Mashreq, one of the leading financial institutions in the MENA region, has announced the launch of a new service for its UAE-based Egyptian customers. For the first time, UAE-based customers of Egyptian nationality can open accounts with Mashreq Egypt instantly, fully remotely, and enjoy a single view of their accounts and transfer money in […]

Sohar International secures prestigious awards at Top Brands Oman Awards 2026

Sohar International secures prestigious awards at Top Brands Oman Awards 2026

Muscat: Reinforcing its position as one of the Sultanate’s most dynamic and trusted financial institutions, Sohar International has been recognized as the ‘Best Brand in Oman’ at the prestigious Alam Al-Iktisaad Top Brands in Oman Awards 2026. This accolade highlights the Bank’s continued success in cultivating a powerful, future-ready brand built on innovation, trust, and a […]

du announces enhanced connectivity support and services for SMEs and startups across the UAE

du announces enhanced connectivity support and services for SMEs and startups across the UAE

Dubai, UAE: du, the leading telecom and digital services provider, today announced a business continuity initiative designed to ensure small businesses, startups, and founders remain connected, productive, and resilient during both stable and challenging times. Recognizing that business success depends on reliable, uninterrupted connectivity, du is strengthening its commitment to the business community through a multi-faceted […]