Manama, Bahrain – Standard Chartered Bahrain, in partnership with Bahrain FinTech Bay (BFB), announced the sixth cohort of its “SC Women in Tech” incubation programme in Bahrain, which will officially commence and open for applications on April 22, 2025. This marks the sixth anniversary of supporting female entrepreneurs in Bahrain. The programme was launched in collaboration […]
Oman: IBAN must Mandatory for all Domestic Transactions from July 1, 2025
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 AGM approves 10% Dividend, reports strong 2024 results, and sets strategic course
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 […]
Saudi’s barq allows its users to Transfer Money internationally in partnership with Western Union
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 […]
Visa and Emirates NBD Pay launch advanced Payment Gateway to enhance Digital Acceptance for Merchants
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 […]
Amwal Pay Expands Its Services to Strengthen Oman’s Payment Infrastructure
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 […]
Al Ahli Bank of Kuwait-Egypt partners with Visa to expand Digital Payment Solutions
Al Ahli Bank of Kuwait – Egypt – ABK-Egypt announced the signing of a long-term strategic partnership agreement with Visa, a global leader in payment technology and digital solutions, with the objective of at offering the latest digital payment technologies to meet customer needs, introduce innovative products and services for different segments, and. and enhance its digital payment […]
ADIB launches the 2025 Financial Education Programme to foster financial literacy across the UAE
UAE, Abu Dhabi: Abu Dhabi Islamic Bank (ADIB), a leading financial institution in the UAE, has launched the 2025 ADIB Financial Education Programme (FEP), a strategic initiative designed to empower individuals across all age groups with essential financial knowledge in both Arabic and English. In 2024, the programme engaged over 1000 participants through interactive and tailored […]
Bank of Jordan Reports Solid Financial Performance for 2024 Amid Regional Challenges
Amman, Jordan – Bank of Jordan Group has announced its consolidated financial results for 2024, which were approved by the Central Bank of Jordan. Despite facing challenging economic and geopolitical conditions, the group delivered balanced results across its markets. This success is attributed to the adoption of a comprehensive strategy focused on institutional transformation, investment diversification, […]
Resecurity Partners with Union of Arab Banks to Strengthen Cybersecurity and Fraud Prevention Across the Arab Financial Sector
Los Angeles, CA & Beirut, Lebanon – March 7, 2025 – Resecurity, a U.S.-based cybersecurity company protecting Fortune 500 companies and government agencies globally, has announced a strategic partnership with the Union of Arab Banks (UAB) to enhance cybersecurity capabilities, fraud prevention, and threat intelligence sharing across the Arab banking and financial sectors. The Union […]