The National Bank of Kuwait (NBK) has announced a significant exclusive partnership with Harrods, the renowned luxury department store in London. This collaboration is set to offer a wide array of exceptional benefits and personalized privileges for NBK customers, marking a unique initiative in the Kuwaiti and regional market. The partnership aims to elevate the...
Maseera Holding for Financial Investments (Maseera), a subsidiary of 2PointZero, has successfully acquired the Egyptian consumer finance platform ADVA. This acquisition aligns with 2PointZero’s earlier commitment of $1 billion in long-term capital aimed at scaling Maseera’s financial services platform globally, particularly focusing on enhancing access to credit in underserved markets. Founded in 2020, ADVA has...
Cambridge Associates has announced its expansion into Dubai, aligning itself with other financial managers eager to access the city’s substantial private wealth. The firm, which specializes in assisting institutional investors such as endowments, foundations, and family offices in managing their investments across various asset classes, received a regulatory license from the Dubai Financial Services Authority...
Emirates NBD, the banking group in the Middle East, North Africa, and Türkiye (MENAT) region, has launched the ‘Emirati Business’ package, specifically designed for businesses owned by UAE Nationals. This new offering aims to provide a comprehensive suite of services and benefits, enhancing the banking experience for Emirati entrepreneurs. The introduction of the Emirati Business...
Al Ansari Financial Services is set to launch a new digital wallet, enhancing payment options for consumers in the UAE. The fintech platform, known as Al Ansari Digital Pay, has received final approval from the UAE Central Bank for its digital wallet initiative. This approval includes licenses for the Stored Value Facility (SVF) and Retail...
Global fintech company XTB has officially opened a new office at the Dubai World Trade Centre to enhance its presence in the Middle East. This expansion is part of the company’s strategy to establish itself as a trusted and regulated brokerage for both retail and institutional investors. The opening of the Dubai office coincides with...
Al Etihad Payments (AEP), which is a part of the Central Bank of the UAE (CBUAE), has announced the start of Jaywan, the UAE’s first domestic card scheme. It can now be used anywhere in the world. This project fits with the UAE’s plan to become more digital and will help the country become a...
Hubpay, a fast-growing financial institution licensed by the Abu Dhabi Global Market (ADGM), has unveiled its digital business accounts aimed at enhancing the corporate onboarding process for small and medium-sized enterprises (SMEs) in the UAE. This initiative aligns with the UAE’s goal to increase the number of SMEs from over 557 000 to more than...
InCred Group, a diversified financial services firm, has announced its acquisition of Arrow Capital (DIFC) Limited, a prominent boutique financial services provider based in Dubai. This acquisition, revealed on February 17, 2025, is a strategic move aimed at enhancing InCred’s global capabilities in wealth management, investment banking, and asset management. Arrow Capital, established in 2016...