UAE Celebrates Knowledge-Based Economy This National Day
December 01, 2022

 In its 51 years of existence, the UAE has emerged as a regional superpower. This Friday (Dec. 2), as the United Arab Emirates (UAE) celebrates National Day, the country’s leaders and businesses have been highlighting efforts to grow the knowledge economy. While each of the...

Bahrain Pins Digital Leader Hopes On New Telecoms Innovation License
October 16, 2022

Having pioneered one of the Middle East and North Africa (MENA) region’s first FinTech regulatory sandboxes, the Gulf state of Bahrain has recently moved to introduce a similar initiative for the telecommunications sector. Holders of the new telecoms Innovation License, launched by the country’s Telecommunications...

Digital Payments Unlock FinTech Sector Growth in Jordan
October 13, 2022

As it did in many countries around the world, the COVID-19 pandemic accelerated the adoption of electronic payment systems in Jordan and catalyzed a major digital transformation among the country’s businesses. For the company that operates Jordan’s main electronic payment systems, Jordan Payments and Clearing...

UAE Processes $3B in Transactions in 2021, Plans to Roll Out Instant Payment Platform in...
August 14, 2022

The Central Bank of the United Arab Emirates (CBUAE) released its 2021 Financial Stability Report this month detailing measures put in place to mitigate the pandemic’s impact on the country’s economy. And despite the bleak macroeconomic landscape and rising inflation, the CBUAE projects a “positive...

Ascenda, BSF Team to Offer Banking Rewards in Middle East
June 17, 2022

Payments and banking rewards provider Ascenda has formed a partnership with Saudi Arabia’s Banque Saudi Fransi (BSF), the companies said in a news release Thursday (June 16). The partnership will tap BSF’s JANA Rewards Program and is powered by Ascenda’s TransferConnect network, which the companies...

Nigerian FinTech Tingo Announces $900M Merger With MICT
May 13, 2022

Nigerian agri-FinTech company Tingo is set to merge with Nasdaq-listed financial services provider MICT in a deal expected to generate $900 million in yearly revenue and help the companies expand across the African and Asian markets. According to a Tuesday (May 10) news release, the...