Turkish digital asset platform Paribu announced on Friday that it has acquired a majority stake in Bahrain- and Dubai-based cryptocurrency exchange CoinMENA, in a transaction valuing the company at up to 240 million dollars.
The acquisition positions Paribu as a stronger regional competitor © Mena Today
Turkish digital asset platform Paribu announced on Friday that it has acquired a majority stake in Bahrain- and Dubai-based cryptocurrency exchange CoinMENA, in a transaction valuing the company at up to 240 million dollars.
The deal marks Turkey’s largest fintech transaction ever and the country’s first cross-border acquisition of a digital asset platform.
Paribu CEO and founder Yasin Oral described the acquisition as a major milestone for the company, signalling its entry into the Middle East and North Africa’s rapidly expanding crypto markets.
“This deal is a turning point for Paribu,” Oral said. “With this acquisition, we have expanded our licensed operations across a wider geography, becoming a regulated player in one of the world’s most crypto-adoptive regions.”
The acquisition positions Paribu as a stronger regional competitor and reflects growing consolidation within the digital asset sector as regulated exchanges seek international scale.
Turkey's pro-Kurdish DEM Party issued one of its strongest criticisms yet of the government's handling of a fragile peace process, highlighting on Tuesday a growing stand-off between Ankara and Kurdish militants over next steps to end a decades-long conflict.
The United Arab Emirates said on Tuesday it was quitting OPEC and OPEC+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the Iran war has caused a historic energy shock and unsettled the global economy.
Aldar Properties, Abu Dhabi's largest real estate developer and asset manager, has reported robust first-quarter 2026 results, with net profit after tax climbing 20% year-on-year to AED 2.3 billion ($626 million), on revenues of AED 8.7 billion ($2.4 billion).
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.
