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An AI-focused industrial venture + CBUAE clears KamelPay
Robo.ai and Eleven International Holding are rolling out Alif Holding, targeting critical industries
Pemo is closer to expanding its offering + DTC links up to du’s cloud
The Dubai-based fintech secured in-principle approval from the Central Bank of the UAE for a stored value facilities license
CBUAE gives green light to Checkout.com and Yalla Financial Solutions + DIB launches Jaywan card
Checkout.com secured a stored value facilities license, while Yalla received in-principle approval for a retail payments service Category II license
GFH makes USD 130 mn US exit, MGX + BlackRock finalize USD 40 bn takeover, Empower expands Dubai network, another Jaywan development
GFH is looking to expand its assets under management to USD 7.5 bn by year-end
Kudo.com and Redpin push ahead with UAE plans with regulatory greenlights
Kudo.com is offering access to GCC-listed stocks and Redpin is tapping into the property payments segment
Network International taps new CFO
Jain formerly served as CFO at Careem, navigating its acquisition and subsequent spinouts
THIS MORNING: Pax Silica Summit kicks off in the US with the UAE present + The Gulf is more involved in Paramount’s Warner Bros bid than meets the eye
Plus: Excise tax on sweetened beverages clarified
More trouble for Eshraq as Goldilocks loses value
PLUS: Invest Bank secures CBUAE license for Islamic banking window
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