Financial services firm GSB has secured approval for a license from the Central Bank of Ireland (CBI), marking a significant milestone in its expansion strategy to serve clients across Europe. With the green light from the CBI, GSB Capital Ireland is poised to provide a comprehensive suite of advisory services encompassing pensions, investments, and insurance....
In a strategic move aimed at fortifying its operational resilience and sustainability, Emirates Steel Arkan (ESA), a prominent UAE-based manufacturer of steel and building materials, has embarked on a transformative journey by partnering with global technology powerhouse SAP SE (NYSE: SAP). This partnership signifies ESA’s commitment to future-proofing its operations, leveraging streamlined processes, and enhancing...
Alaan, UAE’s fastest-growing corporate card solution, and Visa, a global leader in digital payments, have unveiled a landmark 5-year deal aimed at digitizing expense management processes for businesses in the UAE and KSA. This strategic alliance seeks to harness Visa’s renowned payment network, VisaNet, alongside Alaan’s AI-powered spend management system to provide enhanced financial control...
ACI Worldwide, a global leader in mission-critical, real-time payments software, has announced a transformative 10-year strategic partnership with Arab Financial Services (AFS), the leading digital payments solutions provider and fintech enabler in the Middle East and Africa region. This landmark collaboration aims to spearhead digital payments modernization initiatives for banks, fintechs, and merchants across the...
Avanza Innovations, a trailblazer in blockchain and web 3.0 innovation has announced the launch of Fragments, a revolutionary platform poised to redefine real-world asset tokenization. In an exclusive interview with UNLOCK Blockchain, CEO Waqas Mirza discussed Avanza’s journey and the transformative potential of Fragments in the global market. Mirza credited Avanza’s success to its resilience...
Bahrain Real Estate Investment Company (Edamah), the real estate arm of Bahrain Mumtalakat Holding Company (Mumtalakat), has announced a strategic partnership with Badia Farms, a leading controlled environment food producer. The collaboration involves a multi-million dollar investment in a new sustainable farm in the Kingdom of Bahrain, bringing innovative agricultural techniques to the forefront. Badia...
In a significant move towards bolstering the UAE’s digital payments ecosystem, Fime has been selected by Al Etihad Payments, a subsidiary of the Central Bank of the UAE, to play a pivotal role in establishing the UAE’s domestic card payment scheme, named Jaywan. This collaboration aims to enhance financial inclusion, sovereignty, and economic stability in...
In a bid to revolutionize Africa’s payment ecosystem and bolster the digital economy, the Visa Africa Fintech Accelerator, launched in June 2023, has become a beacon of opportunity for fintech startups across the continent. Aligned with Visa’s commitment to invest $1 billion in Africa by 2027, this 12-week hybrid initiative aims to uplift Africa’s digital...
Abu Dhabi National Insurance Company (ADNIC), a prominent regional multi-line insurance provider, announced the approval of 45% cash dividends (AED 0.45 per share) for the financial year ending December 31, 2023, totalling AED 256.5 million. The decision came after the conclusion of ADNIC’s Annual General Meeting (AGM), where shareholders also ratified the company’s financial statements...
Infosys Finacle, a subsidiary of Infosys and Zand Bank, UAE’s first digital-only bank, have announced a strategic collaboration to elevate Zand’s corporate banking services through the adoption of Infosys Finacle’s cutting-edge solutions suite. The deployment of these advanced cloud-native solutions, powered by Microsoft Azure, underscores Zand’s dedication to providing a futuristic banking experience enriched with...