UAE-based fintech firm Qashio has successfully raised US$19.8 million in a funding round that combined both equity and non-equity financing. This funding round was led by existing investor Rocketship VC and saw participation from MoreThan Capital, regional banks, and family offices. Founded in 2021, Qashio offers a spend management platform designed to help businesses monitor...
The United Arab Emirates has launched the region’s first licensing system for finance influencers, a significant step that wealth managers believe will provide “long overdue accountability” for social media financial content, which has often endangered investors. The UAE’s Securities and Commodities Authority (SCA) announced the new “finfluencer” license on Wednesday, establishing a regulatory framework for...
ANAX Capital has officially launched its trading platform in the UAE’s financial sector, marking its operational readiness to cater to both retail and professional clients. The launch event took place at Palazzo Versace Dubai and was attended by numerous celebrities from the Middle East and India, featuring performances by international artists such as Tiger Shroff,...
The UAE economy is experiencing a significant transformation in investor behavior, predominantly driven by a digital youth demographic. This group engages with the markets through smart applications and financial influencers, amidst a surge of economic news. Despite their high technical skills, there is a concerning gap in their foundational knowledge of risk management and making...
Abu Dhabi’s sovereign wealth fund, Mubadala, has started taking orders for 10-year U.S. dollar-denominated Islamic bonds, also known as sukuk. This initiative was reported by the fixed income news service IFR on May 28. Mamoura Diversified Global Holding, which is the entity through which Mubadala accesses debt markets, has provided initial price guidance of approximately...
Dubai-based fintech company Qashio has successfully secured $19.8 million in equity and non-equity financing. This investment round was led by Rocketship, an early-stage venture fund located in California, and included participation from Oneway VC, ABN Ventures, MITAA, alongside other investors such as family offices and banks in the Middle East and North Africa (MENA) region....
ANAX Capital Financial Markets LLC, a Dubai-based financial services firm, has officially launched its operations with a significant event held at Palazzo Versace. The gathering attracted VIP guests, international celebrities, industry professionals, and media representatives to commemorate the company’s entry into the vibrant financial sector of the UAE. Credit: Entrepreneur Middle East During the event,...
UAE-based fintech company Gainz has successfully completed a seven-figure pre-seed funding round that combines both equity and debt. This funding round was spearheaded by Antler MENAP, along with Lithium Holdings and Eleventh Invest Inc., and received support from various high-net-worth investors in the region. Founded in December 2024 by Shehab Mokhtar and Sherif Abdelaty, Gainz...
In an effort to enhance tax transparency and improve the business environment in the country, the UAE Ministry of Finance has announced a Cabinet decision regarding the treatment of joint ventures. This decision, approved by the Federal Tax Authority, allows joint ventures to be treated as taxable entities under Federal Decree-Law No. (47) of 2022...
Dubai’s benchmark index reached a record high last Friday and maintained its upward trend earlier this week. Both Dubai’s main share index and Abu Dhabi’s benchmark index recorded their sixth consecutive weekly gain, closing the week 0.12% higher. On Friday, Dubai’s main share index increased by 0.21%, closing at 5 464, while Abu Dhabi’s benchmark...