Mastercard and fintech company OPay have announced a strategic partnership. In the first phase of the collaboration, OPay customers from...
Finance
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Dubai Financial Market to launch trading of Oman Crude Oil futures from June
The Dubai Financial Market (DFM) has announced that it is launching the trading of its new Micro Oman Crude Oil contracts on June 1, 2022....
Alpha Dhabi to invest Dhs9.2bn in Alpha Wave Ventures II fund
UAE-based investment holding company Alpha Dhabi Holding has committed to invest Dhs9.2bn in Chimera Capital and Alpha Wave’s ‘Alpha Wave...
Majid Al Futtaim partners with valU to launch Sha2labaz at malls in Egypt
Majid Al Futtaim has partnered with valU, the buy-now, pay-later (BNPL) lifestyle enabling fintech platform. Through Sha2labaz, the...
Mastercard begins facial-recognition rollout with retailers
Mastercard has begun to trial a biometric payment system for brick-and-mortar stores, using facial recognition rather than contactless cards,...
Berkshire tweaks bank play with $2.9bn bet on Citi
Warren Buffett’s Berkshire Hathaway, which cut many bank holdings as the pandemic bore down on the US, is back with a roughly $2.9bn bet on...
Bitcoin tests $39,000 in push toward high end of trading range
Bitcoin fluctuated near $39,000, testing the high end of the range that the largest cryptocurrency has traded in for much of this year....
UAE Central Bank raises base rate by 50 basis points
The Central Bank of the UAE (CBUAE) will raise the base rate applicable to the Overnight Deposit Facility (ODF) by 50 basis points from from...
Standard Chartered reports record Q1 performance in MEA region
Standard Chartered has delivered a strong performance in the Africa and Middle East region in the first quarter of 2022. The bank’s...