Tagged: middle east

September 28, 2025 @ 3:16 am By Omar Faridi  |  

The Qatar Investment Authority (QIA) and Blue Owl Capital Inc.  have announced a partnership agreement. This collab establishes a digital infrastructure platform aimed at addressing the explosive demand for compute power driven by cloud computing and artificial intelligence advancements. With initial assets exceeding $3 billion,… Read More

September 18, 2025 @ 10:48 pm By Omar Faridi  |  

Abu Dhabi Global Market (ADGM) has made announcements that underscore a commitment to robust data protection and innovative financing for regional challenges. On one front, ADGM has introduced new rules aim to enhance privacy safeguards under its Data Protection Regulations 2021. On another, a strategic… Read More

September 18, 2025 @ 2:04 am By Omar Faridi  |  

In a boost to Saudi Arabia’s digital payments ecosystem, global payments intelligence company Thunes has announced key developments: a live partnership with mobile wallet provider barq and an expansion of its real-time cross-border payment capabilities directly into the Kingdom. These moves, aligning seamlessly with Saudi… Read More

September 16, 2025 @ 8:00 am By Omar Faridi  |  

Standard Chartered‘s innovation arm, SC Ventures, is gearing up to launch a substantial $250 million investment vehicle dedicated to digital assets within financial services. According to reports from Bloomberg, the initiative aims to attract commitments from investors, particularly those in the Middle East, with the… Read More

September 10, 2025 @ 9:01 am By Omar Faridi  |  

Digital bank Revolut is making significant strides in its global expansion strategy, with recent developments underscoring its focus on reshaping digital finance and online investing. From securing regulatory approvals in the Middle East to attracting new talent from the cryptocurrency sector and seeing early investors… Read More

September 8, 2025 @ 11:53 pm By Omar Faridi  |  

Adams Street Partners, LLC, a Chicago-based firm specializing private markets investment management, has officially unveiled its first office in the Gulf Cooperation Council (GCC) region. With (a reported0 over $62 billion in assets under management (AUM), Adams Street’s entry into Abu Dhabi underscores the firm’s… Read More

August 15, 2025 @ 7:20 am By Omar Faridi  |  

Tuum, the core banking provider, has been selected by Oliver Business Development (OBD) Holding to power its newly licensed e-banking services in the MEA region called Uptex Bank. The partnership marks Tuum’s first customer in the Middle East and reinforces its strategy to “support financial… Read More

July 21, 2025 @ 10:09 pm By Michael Wong  |  

Around 60% of sovereign wealth funds based in the Middle East intend to increase their allocations to Chinese assets over the next five years, according to the latest global sovereign asset management study conducted by Invesco. The remaining 40% of respondents from the region plan… Read More

July 16, 2025 @ 11:08 am By Omar Faridi  |  

IsraJets, a boutique private aviation company operating in the United States, Israel and Cyprus, has partnered with Airwallex, a global payments and financial platform for growing businesses. Through the partnership, IsraJets has adopted Airwallex’s financial infrastructure to “improve the speed and efficiency of its global… Read More

June 29, 2025 @ 8:19 am By Tony Zerucha  |  

YouHodler executives share their thoughts on how industry and geopolitical factors have influenced crypto prices of late. Middle East tensions “As tensions rose across the Middle East, investors rapidly pulled back, reducing risk by selling off digital assets. According to on-chain tracking data, more than… Read More

June 19, 2025 @ 8:39 am By Omar Faridi  |  

Partners Group, one of the largest firms in the global private markets industry, expanded its presence in the Middle East with the opening of a regional headquarters in Abu Dhabi. Steffen Meister, Executive Chairman of the Board, Partners Group, comments: “Abu Dhabi is increasingly becoming… Read More

June 10, 2025 @ 10:33 pm By Omar Faridi  |  

The Financial Services Authority (FSRA) of ADGM announced the implementation of amendments to its regulatory framework for digital assets, with immediate effect. The implementation of these amendments follows “extensive industry engagement and feedback received on Consultation Paper No. 11 of 2024.” As stated in the… Read More

May 28, 2025 @ 8:39 am By Omar Faridi  |  

Carta, the software platform purpose-built for private capital, announced its Financial Services Permission (FSP) from ADGM’s Financial Services Authority (FSRA), unlocking a new phase of growth in the MENA region. This milestone advances Carta’s global mission “to make private markets more accessible, transparent, and equitable.”… Read More

May 27, 2025 @ 9:31 pm By Omar Faridi  |  

Careem Pay, the fintech arm of the Careem Everything App, has introduced a new international money transfer service to Jordan. This addition to Careem Pay’s remittance network enables users to send money directly from the UAE to Jordanian bank accounts, catering to the needs of… Read More

May 19, 2025 @ 7:07 am By Omar Faridi  |  

Ripple, the provider of digital asset infrastructure for financial institutions,  announced new clients in the UAE utilizing Ripple Payments. Ripple Payments employs blockchain, digital assets, and a global network of payout partners to “deliver reliable cross-border payments and on/off ramps for banks, crypto companies, and… Read More

May 18, 2025 @ 10:46 pm By Omar Faridi  |  

Dubai Finance (DOF) has signed a Memorandum of Understanding (MoU) with Crypto.com, a global cryptocurrency trading platform, to facilitate government service fee payments using cryptocurrencies—marking a pioneering milestone in digital finance on a global scale. The agreement was formalized by Ahmad Ali Meftah, Executive Director… Read More

May 13, 2025 @ 11:04 pm By Omar Faridi  |  

Hidden Road announced that its ADGM entity, Hidden Road Partners CIV (AD) Limited, received In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of ADGM to operate as a regulated financial services firm. Pending final regulatory approval, Hidden Road will be “authorized to offer… Read More

May 11, 2025 @ 9:54 pm By Tony Zerucha  |  

AltNovel, an Abu Dhabi-based private markets platform regulated by the Financial Services Regulatory Authority (FSRA), has partnered with 3iQ, a global digital asset investment manager, to launch the AltNovel Digital Access Portfolio, what it claims is the first ever digital asset multi-strategy fund in the… Read More

April 28, 2025 @ 7:19 am By Omar Faridi  |  

BitGo, the infrastructure provider of digital asset solutions, is pleased to announce that its Dubai subsidiary, BitGo Custody MENA FZE, has received a Virtual Assets Service Provider (VASP) operating license to provide Virtual Asset Custody Services and Staking, from Dubai’s Virtual Assets Regulatory Authority (VARA)…. Read More

March 25, 2025 @ 4:29 pm By Omar Faridi  |  

ADGM, the International Financial Centre (IFC) of the UAE’s capital, has signed an MoU with Chainlink, which is said to be the “standard” for onchain finance, marking a key step in advancing compliant tokenization frameworks. This alliance will support projects under ADGM’s Registration Authority by… Read More