TECHNOLOGY

Mumtalakat increases stake in McLaren

Bahrain-based sovereign wealth fund Mumtalakat has acquired the senior preference shareholders’ stakes in UK tech group McLaren. The company, known for its Formula One racing...

Qatar welcomes first independent VC fund manager

Newly launched Rasmal Ventures has reportedly become the first independent venture capital (VC) fund manager to operate within the Qatar Financial Centre (QFC). The firm,...

Crypto exchange Bybit signs MoU with DMCC

Dubai-based crypto exchange Bybit has signed a memorandum of understanding with the Dubai Multi Commodities Centre (DMCC) in a bid to increase the adoption...

Emirates NBD unveils digital assets platform

UAE-based banking group Emirates NBD has opened its Digital Assets Lab, a platform focused on the new asset class and financial innovation. According to the...

Mena digital wealth firm eyes European expansion

Abu Dhabi-based digital wealth manager FinaMaze has announced plans to expand into Europe. It has hired banking European banking expert Michael McManus-Schouchana to spearhead the...

Mashreq appoints tech head

UAE-based financial institution Mashreq has appointed Mohammed Abdel Razek as group head of technology, transformation and information. Based in Dubai, he will be expected to...

Bank Muscat Oryx fund set to pay largest ever dividend

The Oryx fund, run by Oman-based Bank Muscat, is set to pay its largest ever divided to shareholders after enjoying a positive performance during...

UAE central bank selects technology and legal partners for CBDC project

Technology firms R3 and G42 Cloud have been selected by the Central Bank of the UAE to assist in its development of a central...

Riyad Capital and BNP Paribas launch post-trade portal

Saudi-based investment firm Riyad Capital has teamed up with BNP Paribas Securities Services for the launch of an online portal for post-trade services. The portal,...

Fintech DKK Partners opens Dubai office

DKK Partners, the London-based fintech which specialises in emerging market liquidity and FX services, has expanded its global presence after opening an office in...