Financial technology investment across the Middle East and North Africa remained resilient during the first half of 2026, totaling $617 million. According to data from Magnitt, this figure represents a modest 9 per cent decrease compared to the same period last year. A significant portion of this capital was driven by the Abu Dhabi-based firm Mal, which secured $230 million to develop an AI-native Islamic digital bank. This single transaction accounted for 37 per cent of the regional total. While the overall volume of deals dropped by half to 57 transactions, the sector maintained stability as investors shifted toward larger capital deployments into fewer companies. Excluding the impact of the Mal funding round, the remaining regional FinTech entities raised $387 million during the initial six months of the year.
Source : The National
Photo : The National
Aussi couvert par : Gulf Times
