INSEAD Day 4 - 728x90

cashless

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

  • For the second consecutive year, the Middle East is the fastest-growing real-time payments market globally, according to the 2024 Prime Time for Real-Time report, published by ACI Worldwide, a global leader in mission-critical, real-time payments software, in partnership with GlobalData, a leading data and analytics company. In the Middle East,...

  • 48% of people in UAE expect cross-border payments surge in 2024

    Dubai, UAE -- Nearly 48 percent of individuals in the UAE anticipate an uptick in cross-border payments over the next 12 months and 36 percent expect to receive more cross-border payments during the same period, according to the recently released Mastercard Borderless Payments Report for 2023. Globally, the report indicates...

  • Saudi digital payments go up, represent 94% of all trades

    The study highlighted how the government sector in the kingdom has almost completely converted to electronic payment methods for all outward payments to individuals, business establishments or other government agencies.

  • Agreement signed for new payment channels and services on AjmanPay app

    Ajman’s Department of Finance (DoF) signed a cooperation agreement with First Abu Dhabi Bank (FAB) and Magnati to support the launch of new payment channels and services through the AjmanPay application. This agreement is in line with Ajman government’s strategy of fostering strategic partnerships between the public and private sectors,...

  • Bahrain’s digital transactions touch $3.62bn in H1

    Bahrain’s central bank has revealed that cashless transactions in the country has surged 50 percent to $744 million in August, after reaching nearly $4 billion in the first half of the year.

  • Saudi traders can now receive payment from patrons with a smartphone

    “Tap to phone” solution uses near-field communication technology  The move is in line with Saudi Arabia’s goal to modernize its financial system Small traders in Saudi Arabia can now receive a payment from patrons with their smartphones, doing away with the usual practice of cash payment. Saudi Payments, owned by...