MENA

Fraud Detection Firm BioCatch Adds Permira to Investors List
Fraud Detection Firm BioCatch Adds Permira to Investors List
May 03, 2023  |  Security & Fraud

BioCatch says investment firm Permira has acquired a “significant” stake in its fraud detection company. The company, which has offices in New York and Tel...

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Bahrain Gets Permission to Join Gulf Region Payment System
Bahrain Gets Permission to Join Gulf Region Payment System
May 01, 2023  |  Payment Methods

Bahrain is set to join other Persian Gulf region countries in a unified payments/settlement system. The country’s Shura Council approved the move this weekend, according...

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CVC-Network International Deal Reportedly Worth $2.5 Billion
CVC-Network International Deal Reportedly Worth $2.5 Billion
April 16, 2023  |  Acquisitions

CVC Capital Partners is reportedly in advanced talks to purchase Network International for at least £2 billion ($2.5 billion). A report by Bloomberg News on...

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Ramadan Boosts Remittances and eCommerce Retail Sales Amid Inflation
Ramadan Boosts Remittances and eCommerce Retail Sales Amid Inflation
March 22, 2023  |  Cross-border Payments

The holy month of Ramadan, celebrated by close to 2 billion Muslims worldwide, kicks off Thursday (March 23). And according to the U.K. subsidiary of...

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Aramco and DHL Supply Chain Are Building Procurement and Logistics Hub
Aramco and DHL Supply Chain Are Building Procurement and Logistics Hub
March 20, 2023  |  Supply Chain

Aramco and DHL Supply Chain are building a procurement and logistics hub in Saudi Arabia. The new hub will provide integrated procurement and supply chain...

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Lebanon Central Bank Governor Denies Money Laundering and Embezzlement Allegations
Lebanon Central Bank Governor Denies Money Laundering and Embezzlement Allegations
March 16, 2023  |  Security & Fraud

Lebanon central bank Governor Riad Salameh has made his first court appearance facing international charges. Five European countries are investigating the Banque du Liban governor...

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Tamara Secures Debt Financing to Expand BNPL in GCC Region
Tamara Secures Debt Financing to Expand BNPL in GCC Region
March 16, 2023  |  Investments

Tamara has secured $150 million in debt financing for its shopping and payments platform. The firm, which serves consumers in the Gulf Cooperation Council (GCC)...

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Flat6Labs Launches $95 Million Seed Fund for Africa-Based Tech Startups
Flat6Labs Launches $95 Million Seed Fund for Africa-Based Tech Startups
March 14, 2023  |  Startups

Flat6Labs has launched a new $95 million seed fund focused on early-stage tech startups in Africa. The Africa Seed Fund (ASF) will be headquartered in Egypt...

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Dubai’s Astra Tech Forms Partnership With Mastercard
Dubai’s Astra Tech Forms Partnership With Mastercard
March 13, 2023  |  Payment Methods

Dubai-based FinTech Astra Tech says a new partnership with Mastercard has expanded its payment ecosystem. The company announced Monday (March 13) that its PayBy service had become one of the first companies...

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