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ADIB rolls out fractional sukuk for retail investors
Plus: Pakistani startup Haball to expand to the UAE in 2025 or 2026
Dubai fintech Fuse raises USD 6.6 mn to simplify cross-border payments in Mena
Fuse plans to grow its team, develop new products, and secure more regional licenses
ADCB launches fintech venture Meedaf
The venture aims to address operational challenges in the region’s banking sector
Mubadala, Silver Lake take NYSE-listed Endeavor private
Plus: He successfully exists Khazna
Singapore-based USD 54 bn firm Seviora opens office in Abu Dhabi + ADGM to develop tokenization framework
Plus: Al Seer Marine JV lands AED 1.3 bn naval vessel contract
Fintech Enza raises USD 6.8 mn in first external funding round
The round was led by our friends at the regional tech-focused VC outfit Algebra Ventures and US-based Quona Capital
NymCard secures USD 33 mn in Series B to expand embedded finance in MENA
Existing investors Lunate, Dubai Future District Fund, Mashreq Bank, and Shorooq joined the round, with new backing from Oraseya Capital
Adnoc taps AIQ for USD 340 mn agentic AI deployment
Plus: Phoenix Venture Partners closes private placement for startup fund
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