Jaywan, the UAE’s first domestic card scheme, gains Mastercard credit card

July 22, 2026
3 min read

Al Etihad Payments and Mastercard launched the world’s first Jaywan-Mastercard co-badged credit card.
The deal builds new switching and processing systems and a UAE operations centre inside Mastercard’s global network.
Mastercard becomes the main international scheme for the Jaywan credit card program, adding cybersecurity and fraud tools.
Cardholders will be able to use Jaywan co-badged credit cards at home and abroad on one card.

Jaywan, the UAE’s first domestic card scheme, will carry a Mastercard badge on a new credit card under a partnership announced by Al Etihad Payments. AEP owns and operates the country’s national card switch and the Jaywan scheme, and it is a wholly owned unit of the Central Bank of the UAE. Both sides describe the deal as a first-of-its-kind arrangement. At its centre sits the world’s first Jaywan-Mastercard co-badged credit card.

A co-badged card runs on two payment networks at once. One network clears payments inside the country. The other clears payments abroad. On these products, Jaywan handles domestic transactions, and Mastercard handles international ones. That split lets a single Jaywan card work at home and across Mastercard’s global network. Credit adds a borrowing line that earlier Jaywan debit and prepaid cards did not offer.

New infrastructure inside Mastercard’s network

The agreement goes past a logo on plastic. AEP and Mastercard will build advanced systems for switching and processing card payments. They will also open a new operations centre in the UAE. This centre becomes a node in Mastercard’s global network, built to process both domestic and international payment flows. Mastercard will act as the prime international scheme for the Jaywan credit card program. The UAE will be among the earliest markets to run Mastercard’s latest technology and services.

Security built into UAE digital payments

Mastercard will deploy next-generation payment technology that powers Jaywan debit, prepaid and credit co-badge products. The package covers switching, processing and value-added services. It also brings Mastercard‘s cybersecurity, fraud prevention and threat intelligence tools into UAE digital payments. Threat intelligence means tracking known attack methods so a network can block them before they spread. These systems scan transactions for patterns that signal fraud, such as odd amounts or locations.

What it means for banks and merchants

The partnership reaches past cardholders. AEP wants banks, fintechs and merchants on shared, modern rails. Mastercard’s system gives these players more functions to serve customers and run their businesses. The operations centre will serve local and regional markets, not the UAE alone. That regional role could route more payment traffic through the country and support local innovation.

Why the UAE’s first domestic card scheme matters

The UAE’s first domestic card scheme was built to reduce reliance on foreign networks and to keep payment data inside the country. Adding Mastercard gives Jaywan cardholders reach beyond national borders without giving up local control. Saif Humaid Al Dhaheri, the Central Bank’s Assistant Governor for Banking Operations and Support Services and Chairman of Al Etihad Payments, called the collaboration a defining moment for the country’s payments ecosystem. He said pairing national infrastructure with global innovation strengthens sovereignty, resilience and choice.

Dr. Dimitrios Dosis, President for EEMEA at Mastercard, said the company marks forty years in the UAE this year. He tied the partnership to growth in trade, tourism and commerce. Jaywan became the UAE’s first domestic card scheme after development with earlier partners, and nationwide card issuance moved ahead in 2026. AEP has since signed co-badge deals with Visa, Mastercard, Discover and UnionPay. The new credit card extends earlier Jaywan-Mastercard debit and prepaid products.

For now, the UAE’s first domestic card scheme adds a credit product built to work well beyond national borders.

Syria tourism growth accelerates as Arab and foreign visitors head back

Syria tourism growth picked up sharply in the first half of 2026, and behind the figures are people choosing to come back. Arab visitors to Syria doubled between January and June, reaching 664,000 from 320,000 a year earlier, the tourism ministry said. Jordan sent the most travelers. Lebanon and Iraq followed close behind. Arrivals from Gulf countries kept rising too, though the ministry gave no separate count for them.

Foreign arrivals climb off a low base

Syria’s foreign tourist arrivals grew even faster. International visitors reached 719,000, up from 131,000 during the same months in 2025. Turkey led the source markets. Germany, Sweden, the United States, the Netherlands, Canada and the United Kingdom came next, a spread that reaches far past Syria’s neighbors. These Syria visitor arrivals 2026 now stretch across Europe and North America, a change from the years when few outsiders came at all. Newer government data adds weight to the trend. Counting Syrian expatriates as well, total visitors hit 3.52 million in the first half, up 111 percent on last year. Expatriate trips alone came to 2.13 million, and the ministry calls that group key to rebuilding trust in the country abroad.

What Syria tourism growth means on the ground

Numbers like these describe more than a spreadsheet. Each arrival is a hotel shift filled, a fare paid, a restaurant table turned. For many people working in tourism, Syria tourism growth shows up as more work after long uncertainty. Mazen Al-Salhani, the tourism minister, has called tourism a driver of jobs across transport, hospitality and small businesses. He said the sector is entering a new phase, supported by rising demand from regional and international markets. Under a five-year plan, the ministry wants tourism to lift its share of the economy and add tens of thousands of jobs by the end of the decade. In coastal Tartus, officials opened the summer season this year with an eye on Mediterranean visitors. The rising movement of people, the ministry said, shows the need to expand hotel capacity and improve services.

Investment follows the visitors

Syria tourism investment has started to track the arrivals. Al-Salhani said last September the country signed investment contracts worth $1.5 billion to revive the sector. That deal came a month after the government agreed $14 billion in infrastructure, transport and real estate. He said renewed interest in Syria as a destination is opening fresh chances for investors in hotels, hospitality and services. The Syria tourism sector still carries the weight of long war years, and rebuilding hotels and heritage sites will take time and money.

A wider economic reset

The tourism push sits inside a larger reset. Neil Quilliam, a fellow in the Middle East and North Africa programme at Chatham House, wrote for AGBI that Syria is beginning to draw investment across several sectors, which could position it as a new growth zone in the regional economy. President Ahmed Al-Sharaa has set the 2026 budget at $10.5 billion, close to triple last year’s level. Whether Syria tourism growth holds through the second half of the year could depend on air links, hotel supply and the pace of new projects. For now, the people arriving are the clearest sign of change. Each doubled figure is a person who decided the time was right to return.

By Amira Khalil
3 min read

Saudi Arabia

US-Saudi nuclear deal clears Trump, opens Saudi path to uranium enrichment

The US-Saudi nuclear deal cleared its biggest hurdle this week, with President Donald Trump signing off on it. Two people familiar with the decision told the Associated Press an announcement is expected Wednesday. Neither would speak on the record before the formal rollout. Reporting from The Wall Street Journal broke the news first on Tuesday. The pact runs 30 years and pulls US firms into building the kingdom’s program. Washington and Riyadh have chased this outcome for years, across both the Trump and Biden administrations. For Trump, Saudi Arabia has become a signature foreign policy bet. Energy Secretary Chris Wright is expected to sign the accord with his Saudi counterpart, Prince Abdulaziz bin Salman. The two men discussed building out the kingdom’s commercial nuclear power industry during Wright’s trip to the region last year.

What the US-Saudi nuclear deal actually allows

Here is where the US-Saudi nuclear deal gets sensitive. The accord could let Saudi Arabia enrich uranium inside its borders. That would follow a joint US-Saudi study on whether domestic fuel makes economic sense. Uranium enrichment sits at the center of the debate. It is one of two routes to the material inside a nuclear weapon, alongside plutonium reprocessing. Most countries with civilian reactors skip enrichment and buy fuel from suppliers like the US or Russia. Saudi leaders want the option at home. The plan also leans on American builders, with reactor firm Westinghouse in line to benefit.

Why Congress is worried

This is where the US-Saudi nuclear deal meets resistance. The agreement heads to Congress for review, and some lawmakers are uneasy. They fear helping Riyadh enrich its own uranium could set off fresh nuclear proliferation across the region. Officials call the 30-year framework a 123 agreement, named for a section of the US Atomic Energy Act. Saudi Arabia belongs to the International Atomic Energy Agency. The Vienna-based body promotes peaceful nuclear work and inspects for hidden weapons programs. Reports suggest the deal skips the IAEA’s Additional Protocol, which grants inspectors wider access. It also breaks from the 2009 US-UAE accord. Back then, Abu Dhabi agreed not to enrich and accepted tougher oversight, the so-called gold standard.

The money and the regional stakes

The dollars behind this are large. US officials frame the accord as billions for the American nuclear industry, part of a plan to reach 20 nuclear deals worldwide. Enrichment alone does not build a bomb. A country still needs other steps, including synchronized high explosives, before any weapon is possible. Crown Prince Mohammed bin Salman has said before he would seek a bomb if Iran built one. The timing is loud, because this approval lands while the US and Israel wage war on Iran’s nuclear program. Saudi Arabia and Pakistan signed a mutual defense pact last year. Pakistan’s defense minister later said his nation’s nuclear program would be available to the kingdom if needed. Kelsey Davenport, director for nonproliferation policy at the Arms Control Association, sees a clear opening. “Even with restrictions and limits, it seems likely that Saudi Arabia will have a path to some type of uranium enrichment or access to knowledge about enrichment,” she wrote.

What I would watch next

Here is my read. The money is real, with billions flowing to a US nuclear industry hungry for export wins. Politics is the harder part. Watch Congress, watch the inspection terms, and watch how Iran reads all of it. Saudi Arabia’s civilian nuclear program has moved from talking point to signed framework. For a region already on edge, this US-Saudi nuclear deal changes the math.

By Fatima Al-Nouri
3 min read

Digital Payments