Category Archives: Business & Investments

Business & Investments

Mastercard and LikeCard launch family banking solution to make smart spending simpler

  • New digital solution enhances financial responsibility and secure money management for parents and children in Egypt, Saudia Arabia and the UAE

Dubai, UAE; 11 March 2025: Mastercard and LikeCard, one of the leading platforms of ecommerce prepaid cards in the Middle East and North Africa (MENA) region, have partnered to launch an innovative family banking solution designed to enhance financial literacy and responsible spending. The platform empowers parents and children with a seamless and secure digital banking experience, helping families make smarter financial decisions together.

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Business & Investments

Blue Ocean Global revolutionises e-commerce, amplifying brand presence on major platforms

With a distribution network spread across 40+ countries and significant presence on major online channels, Blue Ocean Global facilitates faster market penetration for regional and international brands

Date: Dubai, UAE, March 11, 2025

Blue Ocean Global, one of the largest e-commerce distributors in the UAE and KSA, continues to empower leading brands to make their mark in the UAE and globally, facilitating ease of market access and distribution on leading e-commerce platforms.

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Business & Investments

Fintech Galaxy and ProgressSoft Join Forces to Advance Open Banking in MENA

  • ProgressSoft collaborates with Fintech Galaxy to accelerate Open Banking adoption across the region.
  • Integration of Open Banking solutions and real-time payments will enable seamless compliance, secure transactions, and financial data connectivity.

Fintech Galaxy, a regional leader in Open Banking and financial innovation, and ProgressSoft, a global provider of real-time payment solutions, have partnered to fast-track Open Banking adoption and regulatory compliance across MENA. By advancing Open Banking adoption across the financial sector and leveraging national payment infrastructures and existing payment rails, this collaboration enables banks, payment service providers (PSPs), and regulators to streamline compliance, enhance digital transactions, and build scalable financial ecosystems.

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Business & Investments

Brainstorming session held to exchange ideas supporting sustainable economic development

Dubai Chambers Board of Directors discusses strategic direction and future initiatives

  • H.E. Sultan bin Saeed Al Mansoori:
    • “We are committed to developing new plans and launching initiatives that align with the visionary leadership’s future strategies to strengthen Dubai’s position as one of the world’s top economic cities.”
    • “Our focus is on building on our achievements and accelerating efforts to create high-value opportunities in line with the objectives of the Dubai Economic Agenda (D33).”
  • The meeting featured a review of fresh ideas and impactful proposals to enhance Dubai Chambers’ role in strengthening Dubai’s position as a leading global economic hub and supporting the business and investment community.
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Business & Investments

TAQA Water Solutions and New Tashkent City Directorate sign agreement to explore the development of a second mega water infrastructure project in Uzbekistan

Abu Dhabi, 11 March 2025: TAQA Water Solutions has signed a Memorandum of Agreement (MoA) with the New Tashkent City Directorate to explore the development of a 65km raw water transmission pipeline and a cutting-edge water treatment plant in New Tashkent City, Uzbekistan. This agreement marks TAQA Water Solutions’ second mega water infrastructure project in Uzbekistan and a significant step towards the vision of a modern and sustainable New Tashkent City, through the provision of reliable clean water to serve a population equating to approximately 2 million people.

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