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BT Properties, the international branch of Pakistan's Bahria Town, has launched its Dubai South headquarters, marking a significant step in its global expansion. With over 30 years of experience in real estate, the firm aims to develop a large-scale, mixed-use community featuring villas, townhouses, and apartments in one of Dubai's key growth areas.
The US has added 80 organizations to its export blacklist, with over 50 based in China, to prevent access to advanced computing technologies for military purposes. The restrictions, announced by the Department of Commerce’s Bureau of Industry and Security, target entities involved in high-performance computing, AI, and hypersonic weapons development. China's Foreign Ministry condemned the move as a violation of international law, highlighting the ongoing tensions between the US and China.
The IMF has reached an agreement with Pakistan on a new $1.3 billion loan program, alongside a review of an existing bailout that could unlock an additional $1 billion. This 28-month deal aims to support Pakistan's climate change efforts, contingent on the approval of the Fund's executive board. Pakistan, having narrowly avoided default in 2023, is under strict conditions to enhance tax revenue and reduce power subsidies as part of its ongoing fiscal reforms. The IMF noted significant progress in Pakistan's macroeconomic stability over the past 18 months despite global challenges.
Pakistan's inflation is projected to remain between 1-1.5% in March 2025, following a significant drop from a peak of 38% in May 2023 due to rising food and fuel costs. The Finance Division anticipates a slight increase to 2-3% in April, supported by positive economic indicators and seasonal factors boosting remittances and trade. The government aims for sustainable growth, with expectations of foreign exchange reserves exceeding $13 billion by June, despite challenges in financial inflows.
Paysky, a leading digital fintech solutions provider, has secured $6.75 million to enhance Africa's fintech infrastructure. Recognized among Forbes Middle East’s Top 50 Fintech Companies for the third consecutive year, the company operates in 18 countries and processed over $3.9 billion in transactions in 2024. Its innovative offerings include national payment systems, the Yalla Super App, and various digital payment solutions aimed at driving financial inclusion and digital transformation across the region.
Saudi Nayla Finance has raised $4 million to support micro-enterprises, while Paysky, a digital fintech leader, has been recognized among Forbes Middle East’s Top 50 Fintech Companies for the third consecutive year. Founded in 2017, Paysky operates in 18 countries, offering innovative digital payment solutions, including the Yalla Super App, which has processed over 17 million transactions since its 2022 launch. The company continues to focus on expanding financial inclusion and driving digital transformation across emerging markets.
Saudi Nayla Finance has raised $4 million to support micro-enterprises, while Paysky, a digital fintech leader, has been recognized among Forbes Middle East’s Top 50 Fintech Companies for the third consecutive year. Founded in 2017, Paysky operates in 18 countries, offering innovative digital payment solutions, including the Yalla Super App, which has processed over 17 million transactions since its 2022 launch. The company continues to focus on expanding financial inclusion and driving digital transformation across emerging markets.
UAE-based PlaysOut has secured $7 million in a seed funding round led by KBW Ventures to expand its mini-game ecosystem, valuing the company at $70 million. The funding will enhance its blockchain-powered mini-game engine, targeting growth in the US, MENA, and Asia.Meanwhile, ORO Labs raised $1.5 million to transform gold into a yield-generating asset through blockchain technology, allowing users to earn yield and trade gold-backed assets. The startup aims to bridge traditional gold markets with Web3 finance, leveraging the UAE's robust gold trade environment.
UAE-based PlaysOut has secured $7 million in a seed funding round led by KBW Ventures to expand its mini-game ecosystem, valuing the company at $70 million. The funding will enhance its blockchain-powered mini-game engine, targeting growth in the US, MENA, and Asia.Meanwhile, ORO Labs raised $1.5 million to transform gold into a yield-generating asset through blockchain technology, allowing users to earn yield and trade gold-backed assets. The startup aims to bridge traditional gold markets with Web3 finance, leveraging the UAE's robust gold trade environment.
Stocks reached record highs, closing at 118,442 points, buoyed by optimism surrounding a staff-level agreement with the IMF. The KSE-100 index is projected to maintain its upward trend, driven by strong earnings in key sectors and expectations of economic stability. Despite foreign selling, local buying from banks and mutual funds supported the market's positive momentum.
PAK
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BT Properties launches in Dubai South marking major expansion in UAE market
13:14 27.03.2025
US blacklists 80 firms including over 50 from China for security concerns
03:30 27.03.2025
IMF agrees to new 1.3 billion loan program for Pakistan
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Pakistan anticipates inflation to remain low amid economic recovery efforts
08:39 25.03.2025
paysky secures recognition and funding to enhance fintech infrastructure in africa
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paysky secures top fintech recognition and expands digital payment solutions in mena
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UAE startup PlaysOut secures 7 million dollars to expand mini-game ecosystem
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stocks surge on optimism over imf agreement and economic stability
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