Tagged: gcc

March 3, 2024 @ 8:34 pm By Michael Wong  |  

Despite the tightening of monetary policy by the US Federal Reserve, the banking sector in the Gulf Cooperation Council (GCC) countries experienced sustained growth in lending during the second quarter of 2023, according to a recent report by Kamco Invest. This growth was largely driven… Read More

September 14, 2023 @ 8:52 pm By Michael Wong  |  

ADGM (Abu Dhabi Global Market), the International Financial Centre in the UAE’s capital, has showcased impressive growth during the first half of 2023, solidifying Abu Dhabi’s position as a ‘falcon economy’ and a predominant financial powerhouse in the GCC region. The number of investment firms… Read More

September 14, 2023 @ 4:30 pm By Michael Wong  |  

ADDX, the Singapore-based private market exchange, revealed plans to venture into the Gulf Cooperation Council (GCC) and Middle East/North Africa (MENA) regions. This strategic move aims to enhance the efficient allocation of growth capital and bridge the existing gap between private entities in need of… Read More

January 10, 2023 @ 3:16 pm By Omar Faridi  |  

Fractal Homes, a UK-based start-up offering fractional home ownership across Europe’s capital cities, has launched a second home co-ownership model “aimed at streamlining purchasing, maintenance, and upkeep of select properties for GCC residents.” To coincide with this announcement, Fractal Homes has “launched a new website… Read More

December 15, 2022 @ 11:48 pm By Omar Faridi  |  

NOW Money, the GCC’s first mobile banking solution focused on financial inclusion, and ThetaRay, a provider of AI-powered transaction monitoring technology, announced a collaboration to implement ThetaRay’s cloud-based AML solution “to monitor cross-border payments and support in the prevention of financial crimes and money laundering… Read More

July 17, 2022 @ 11:15 pm By Omar Faridi  |  

New research from Bank of London and The Middle East (BLME) reveals pandemic restrictions had “little impact” on real estate investment from Gulf Corporation Council (GCC) countries into the UK. Based on in-depth interviews with experts from real estate services companies holding more than £60… Read More

June 27, 2022 @ 9:23 pm By Omar Faridi  |  

Spire, a GCC Open Banking services provider, has announced a partnership with Mastercard (NYSE: MA),  a technology leader in the global payments sector. The collaboration will “help banks revolutionize consumer engagement and enhance user experiences in the region by integrating Spire ‘Ingage’ and Mastercard’s Merchant… Read More

April 12, 2022 @ 10:08 pm By Omar Faridi  |  

Investcorp, a global alternative investments firm, recently announced the launch of eLydian Lion, which is reportedly the first dedicated institutional blockchain fund based in the GCC, with “a global investment mandate.” The Fund – which will be led from Investcorp’s Abu Dhabi office – will… Read More

November 22, 2021 @ 8:31 pm By Omar Faridi  |  

GCC-headquartered early-stage VC company VentureSouq has introduced a $50 million MENA region Fintech Fund I. As mentioned in the announcement, the MENA Fintech Fund I is the first sector-wide Fintech-focused fund to be introduced across the Middle East area and Pakistan. The new Fund is… Read More

August 19, 2021 @ 7:41 am By Omar Faridi  |  

European Fintech solutions provider finleap has teamed up with Bahrain-based telecom firm Batelco in order to support Open Banking in the MENA region. Recently, Batelco became the very first GCC-headquartered firm to acquire an Open Banking license. Through this latest partnership, finleap will be extending… Read More

June 17, 2021 @ 8:37 pm By Omar Faridi  |  

Visa (NYSE: V) has confirmed the appointment of Dr. Saeeda Jaffar as Group Country Manager, and SVP for its operations across the Gulf Cooperation Council (GCC) region. Dr. Jaffar will reportedly be joining the digital payments leader to manage and oversee its presence in six… Read More

June 29, 2020 @ 10:54 pm By Omar Faridi  |  

The Fintech startup ecosystem in Bahrain has been ranked among the highest in the Middle East region. The sector is also ranked near the top in terms of Islamic finance regulation, according to Startup Genome’s Global Startup Ecosystem Report (GSER) 2020. The Central Bank of… Read More

May 1, 2020 @ 9:56 pm By Omar Faridi  |  

The Gulf Cooperation Council (GCC), an intergovernmental political and economic union consisting of the Arab states of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates, is expected to experience a significant increase in the use of Fintech platforms and services. The anticipated… Read More

October 18, 2017 @ 12:09 pm By Samantha Hurst  |  

Singapore-based fintech firm Alpha Fintech announced on Wednesday it has teamed up with Bahrain’s Finocracy to gain access to the Gulf Cooperation Council’s (GCC) e-commerce market. Alpha Fintech describes itself as a company that specializes in end-to-end payment solution, enabling banks to quickly access new fintech partners… Read More

September 24, 2017 @ 2:05 pm By JD Alois  |  

The Global Crowdfunding Convention (GCC) will be delivering their Crowdfunding Visionary Award to former President Barack Obama. The award is in recognition of his signing into law the bipartisan JOBS Act of 2012. This is the legislation that created the three different iterations of crowdfunding;… Read More

June 27, 2017 @ 5:18 pm By Samantha Hurst  |  

The Global Crowdfunding Convention (GCC), an annual event where people gather to network and learn about #crowdfunding, announced that its sixth annual event, which is being sponsored by Microsoft, will be held October 23-24, 2017  at the Planet Hollywood Resort & Casino in Las Vegas.  The event’s description… Read More

February 12, 2017 @ 9:36 am By JD Alois  |  

Ruth Hedges, an early advocate of the potential of crowdfunding, has landed Microsoft as its lead sponsor for her annual Global Crowdfunding Convention (GCC). Hedges commented on the addition of Microsoft to help with the event; “We are very excited to have Microsoft’s sponsorship for… Read More

October 12, 2016 @ 10:18 pm By JD Alois  |  

Ruth Hedges is from the early days of crowdfunding in the United States. Part of an original group of committed individuals who advocated on behalf of updating antiquated securities regulations, Hedges is a founding member of the Crowdfund Intermediary Regulatory Advocates (CFIRA); the group originally… Read More

June 29, 2016 @ 2:45 pm By Samantha Hurst  |  

On Wednesday, organizers of the Global Crowdfunding Convention (GCC) announced the 5th annual event lineup. The event is scheduled to take place in Las Vegas this October.  For two days, the GCC will host crowdfunding experts and focus on teaching attendees how to raise money in equity-, rewards-/donation-based… Read More

April 18, 2016 @ 10:07 am By JD Alois  |  

The Global Crowdfunding Convention (GCC), created by Ruth Hedges, has formed a partnership with  the Launchpad Agency. According to information provided by the agency, Launchpad is now a minority owner in GCC. “We have been a big part of the crowdfunding ecosystem for many years… Read More