UAE Regulator Fines Foreign Bank Branch AED 200 Million
The Central Bank of the UAE has imposed a significant fine on a foreign bank branch for AML/CFT failures.
UAE Investors Shift Focus to AI Infrastructure Stocks
Retail investors in the UAE are increasingly investing in companies that build the physical backbone of artificial intelligence, according to eToro platform data.
DFSA Examines Impact of Frontier and Agentic AI on Cyber Resilience in Finance
The Dubai Financial Services Authority (DFSA) has published a paper on the potential impact of frontier and agentic AI on cyber resilience in finance, developed with the Cambridge Digital Innovation and Regulation Initiative.
Egypt to See Launch of 30 New Investment Funds
Egypt is set to witness the launch of around 30 new investment funds in the next two months, according to the Financial Regulatory Authority (FRA). The new funds will offer a range of investment options, including metals and index tracking. The FRA is also preparing to introduce a short-selling mechanism to support hed
EFG Hermes Introduces Younit Algorithmic Trading Platform
EFG Hermes has launched Younit, an algorithmic trading API platform designed to give retail traders, developers and students broader access to trading infrastructure in Egypt and the region.
Egypt’s Business Clinic Addresses Startup Challenges
Egypt’s Business Clinic has made progress in resolving startup challenges, with 21 out of 48 issues addressed.
Qashio and Visa Launch Global Pay for International Business Payments
Qashio has launched Global Pay, a cross-border payments product developed with Visa, to help businesses manage international trade payments.
Botim Issues UAE’s First Fintech Jaywan Prepaid Card
The Botim One Jaywan Prepaid Card is the first prepaid card issued by a fintech under the UAE’s national card scheme, Jaywan.
Al Masraf Introduces AI-Powered Outbound Calling Platform
UAE-based bank launches bilingual AI platform to engage prospective customers and qualify banking needs.
Absa Expands to Dubai to Boost Africa-GCC Trade
Absa Group has opened a new office in Dubai to support trade and investment flows between the Gulf and Africa. The office, which holds a Category 4 licence from the Dubai Financial Services Authority, will provide financial services to Gulf-based businesses and investors. Absa’s expansion is part of its international