Bank Alfalah Acquires Stake in UAE-based fintech company Jingle Pay

Bank Alfalah Acquires Stake in UAE-based fintech company Jingle Pay

DUBAI, UAE, Jan. 10, 2025 /PRNewswire/ — Bank Alfalah, a leading commercial bank in Pakistan with a network of over 1,000 branches, has announced its acquisition of a 9.9% equity stake in Jingle Pay, one of the fastest growing fintechs in the MENAP region. The Bank’s fintech investment underscores its commitment to driving digital transformation and fostering financial inclusion across…

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Pakistan’s Symmetry Group partners with Dubai-based Aleph Holdings - eyes $5mn Revenue

Pakistan’s Symmetry Group partners with Dubai-based Aleph Holdings – eyes $5mn Revenue

Karachi – Symmetry Group Limited (SYM), a leading digital technology company based in Pakistan, has announced a strategic partnership with Aleph Holdings, a prominent Dubai-based technology firm. The development was disclosed in a notice to the Pakistan Stock Exchange (PSX) on Monday, with Symmetry expressing optimism about generating approximately $5 million in additional business during…

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Abdul Samad Dawood Appointed CEO of Engro Holdings Limited

Abdul Samad Dawood Appointed CEO of Engro Holdings Limited

Karachi: The Board of Directors (BoD) of Engro Holdings Limited, one of Pakistan’s largest conglomerates, has appointed Abdul Samad Dawood as the Chief Executive Officer (CEO) of the company. The announcement was made via a notice to the Pakistan Stock Exchange (PSX) on Monday. The BoD approved the appointment during its meeting on January 3,…

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ZTBL and Bookme.pk Forge Strategic Partnership to Drive Digital Innovation

ZTBL and Bookme.pk Forge Strategic Partnership to Drive Digital Innovation

Lahore, Pakistan – January 1, 2025 – In a major step toward enhancing customer convenience and driving digital transformation, Zarai Taraqiati Bank Limited (ZTBL) and Bookme.pk have signed a landmark agreement. The signing ceremony took place at Bookme.pk’s headquarters, located at the National Science & Technology Park (NASTP) on Abid Majeed Road, Lahore. The event…

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Bitcoin Surges Past $100,000 Cementing Role in Financial Mainstream

Bitcoin more than doubles in 2024 on spot ETF approval, Trump euphoria

Bitcoin surges over 120% and hits $100,000 milestone in 2024. Date: January 1, 2025 Bitcoin more than doubled in 2024 driven by the U.S. markets regulator’s approval for exchange-traded funds tied to its spot price, and optimism over easing regulatory hurdles with Donald Trump set to return to the White House. The world’s largest and…

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Devsinc Acquires Alchemative, Aiming to Dominate the $22B Regional Digital Retail and eCommerce Market

Devsinc Acquires Alchemative, Aiming to Dominate the $22B Regional Digital Retail and eCommerce Market

Date: January 1, 2025 Devsinc, one of Pakistan’s largest IT companies and a growing global force in technology innovation has announced a 100% acquisition of Alchemative Group, a leader in eCommerce and digital retail solutions. This acquisition marks a strategic step in Devsinc’s mission to deliver transformative technology solutions, strengthening its footprint across key markets,…

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Dubai Islamic Bank Partners with Crypto.com

Dubai Islamic Bank Partners with Crypto.com to Pioneer Sharia-Compliant Cryptocurrency Solutions

The collaboration MoU with the UAE’s largest Islamic Bank and a globally recognized pioneer in the field of Islamic finance will explore multiple opportunities to introduce Sharia-compliant platforms including tokenized Islamic Sukuks and real-world asset tokenization. Dubai, December 30, 2024 — Crypto.com has announced the signing of a Memorandum of Understanding (MoU) with Dubai Islamic Bank (DIB), the UAE’s…

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Elon Musk xAI Raises $6 Billion in Series C Round, Valuation Surges to $45 Billion

Elon Musk xAI Raises $6 Billion in Series C Round, Valuation Surges to $45 Billion

SAN FRANCISCO — Elon Musk’s artificial intelligence company, xAI, has secured $6 billion in a Series C financing round, bringing its total funding to $12 billion. This announcement follows a $6 billion raise earlier in May, as reported by TechCrunch on Wednesday. The latest round saw participation from prominent investors including Andreessen Horowitz, BlackRock, Fidelity, Lightspeed, MGX, Morgan Stanley, OIA,…

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Careem Collaborates with PSO

Careem Collaborates with PSO to Support Captains with Exclusive Discounts and Services

Karachi, Pakistan – Careem, the region’s leading ride-hailing platform, has announced a strategic partnership with Pakistan State Oil (PSO) to offer Careem Captains exclusive benefits aimed at simplifying and enhancing their driving experience. Under this collaboration, Careem Captains will gain access to discounted high-quality engine oils from PSO, along with a complimentary top wash service…

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Alibaba.com Launches Trade Assurance Service in Pakistan to Boost SME Confidence

Alibaba.com Launches Trade Assurance Service in Pakistan to Boost SME Confidence

ISLAMABAD – Alibaba.com, a global leader in business-to-business (B2B) e-commerce, has launched its Trade Assurance service in Pakistan, aimed at empowering small and medium-sized enterprises (SMEs) to trade with greater confidence. This makes Pakistan one of the select markets globally where the platform has introduced this valuable service for suppliers. The announcement was made at…

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