MENA

Ramadan Boosts Remittances and eCommerce Retail Sales Amid Inflation

Ramadan Boosts Remittances and eCommerce Retail Sales Amid Inflation
Ramadan Boosts Remittances and eCommerce Retail Sales Amid Inflation
March 22, 2023  |  Cross-border Payments

The holy month of Ramadan, celebrated by close to 2 billion Muslims worldwide, kicks off Thursday (March 23). And according to the U.K. subsidiary of...

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Aramco and DHL Supply Chain Are Building Procurement and Logistics Hub
Aramco and DHL Supply Chain Are Building Procurement and Logistics Hub
March 20, 2023  |  Supply Chain

Aramco and DHL Supply Chain are building a procurement and logistics hub in Saudi Arabia. The new hub will provide integrated procurement and supply chain...

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Lebanon Central Bank Governor Denies Money Laundering and Embezzlement Allegations
Lebanon Central Bank Governor Denies Money Laundering and Embezzlement Allegations
March 16, 2023  |  Cybersecurity

Lebanon central bank Governor Riad Salameh has made his first court appearance facing international charges. Five European countries are investigating the Banque du Liban governor...

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Tamara Secures Debt Financing to Expand BNPL in GCC Region
Tamara Secures Debt Financing to Expand BNPL in GCC Region
March 16, 2023  |  Investments

Tamara has secured $150 million in debt financing for its shopping and payments platform. The firm, which serves consumers in the Gulf Cooperation Council (GCC)...

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Flat6Labs Launches $95 Million Seed Fund for Africa-Based Tech Startups
Flat6Labs Launches $95 Million Seed Fund for Africa-Based Tech Startups
March 14, 2023  |  Startups

Flat6Labs has launched a new $95 million seed fund focused on early-stage tech startups in Africa. The Africa Seed Fund (ASF) will be headquartered in Egypt...

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Dubai’s Astra Tech Forms Partnership With Mastercard
Dubai’s Astra Tech Forms Partnership With Mastercard
March 13, 2023  |  Payment Methods

Dubai-based FinTech Astra Tech says a new partnership with Mastercard has expanded its payment ecosystem. The company announced Monday (March 13) that its PayBy service had become one of the first companies...

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Bank of Egypt Ups Withdrawal Limits for Instant Payments
Bank of Egypt Ups Withdrawal Limits for Instant Payments
March 12, 2023  |  Real-Time Payments

Egypt’s central bank has increased the amount of money that can be withdrawn via payment service providers. The Central Bank of Egypt (CBE) said last...

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Paymob Teams With Arabic Streaming Platform Shahid
Paymob Teams With Arabic Streaming Platform Shahid
March 09, 2023  |  Partnerships

Paymob wants to help Egyptian consumers pay for streaming video via eWallets. The financial services company announced in a Thursday (March 9) press release that...

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