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    • 2 min read

Tabby removes late fees on its Buy Now Pay Later solution

December 19, 2023. RIYADH, Kingdom of Saudi Arabia

Tabby, the region’s leading shopping and financial services app, is removing late fees on its Pay in 4 flexible payments solution in the Kingdom of Saudi Arabia. This applies to all Pay in 4 purchases in Saudi Arabia starting December 16, reaffirming its commitment to providing safe and transparent flexible payments guided by Shariah principles.


In adherence to our core principles of delivering Shariah-compliant payments and in response to the recent Fatwa issued by the Council of Senior Scholars in the Kingdom of Saudi Arabia, Tabby has taken a decisive initiative by removing late fees in the Kingdom. This move is a testament to Tabby’s continued commitment to offering a Shariah-compliant BNPL service.


Hosam Arab, CEO and co-founder at Tabby: “We take pride in our continued commitment to Shariah compliance. The decision to remove late fees reflects our unwavering commitment to delivering safe, transparent, and Shariah-guided flexible payment options for our users. At Tabby, we remain committed to evolving with the dynamic needs of our users while upholding the highest standards of Shariah compliance in our financial services.”


About Tabby

Tabby creates financial freedom in the way people shop, earn and save by reshaping their relationship with money. Over 10 million users choose Tabby to stay in control of their spending and make the most out of their money.


Over 30,000 global brands and small businesses, including SHEIN, Amazon, Adidas, IKEA, H&M, Samsung and Noon use Tabby’s technology to accelerate growth and gain loyal customers by offering flexible payments online and in stores. Tabby is active in Saudi Arabia, UAE, and Kuwait, and is now valued at $1.5 billion in its last round of funding from Wellington Management, STV, Mubadala Investment Capital, PayPal Ventures, Arbor Ventures, Bluepool, Hassana Investment Capital, Soros Capital Management and Saudi Venture Capital.




    • 2 min read

AN urges the Mexican Foreign Ministry to stop the Mexican Embassy from being used as a refuge for a fugitive from justice

February 01, 2024. MEXICO CITY, Mexico.



• The Mexican diplomatic headquarters in Ecuador must stop intervening in the criminal process of the former government official of Rafael Correa, sentenced by the Ecuadorian justice system to eight years in prison for criminal association: Mariana Gómez del Campo, Secretary of International Affairs of the CEN of the PAN.



 • It is shameful that the Foreign Ministry and the Mexican Government continue to damage bilateral relations with the countries of the region.


National Action urgently urges the Mexican Foreign Ministry so that in the case of the former vice president of Ecuador, Jorge Glas Espinel, our Embassy stops being used as a refuge for a fugitive from justice.


Since December 17, 2023, Jorge Glas Espinel, former vice president of Ecuador, has been taking refuge in the Mexican Embassy; The former official of Rafael Correa's government was sentenced to eight years in prison for criminal association in the Odebrecht case and for bribery in the 2012-2016 Bribery case. He currently has a prison order.


Jorge Glas was serving part of his sentence for corruption in freedom. However, the Prosecutor's Office requested his location to comply with judicial proceedings in the case for which he is being investigated, so he appeared at the headquarters of the Mexican Embassy to request his entry and safeguard; It is unacceptable that in this government he is abusing the figure of political asylum to protect criminals who are fugitives from justice.


The Mexican Foreign Ministry must stop obstructing the work of the Ecuadorian Prosecutor's Office immediately. Let us remember that during this administration they have already appointed Ambassadors as 'non grata' people for intervening in local affairs, as has been the case in Bolivia and Peru.





    • 2 min read

PIMCO Names Mohit Mittal Chief Investment Officer - Core Strategies

December 12, 2023. NEWPORT, California.

Mr. Mittal, a 16-year veteran of PIMCO, will report to Dan Ivascyn, Managing Director and PIMCO Group Chief Investment Officer

PIMCO, a global leader in active fixed income with deep expertise across public and private markets, has named Mohit Mittal, Managing Director and Portfolio Manager, as Chief Investment Officer – Core Strategies. In this role, he will oversee fixed income portfolios across PIMCO’s core suite of strategies - including Low and Moderate Duration, Total Return and Long Duration – and lead the core portfolio management team. Mr. Mittal will report to Dan Ivascyn, Managing Director and Group Chief Investment Officer.


Mr. Mittal is a longstanding leader on the trade floor, a member of PIMCO’s Investment Committee and has a strong track record across a broad range of portfolios. He joined the Total Return portfolio management team five years ago and has contributed to PIMCO’s multi sector portfolios including Long Duration, Dynamic Bond, Stable Value and Investment Grade Credit.


“Mohit is the rare talent who brings deep quantitative expertise with macro insights to investing while embracing a collaborative approach that harnesses the best investment ideas generated by a team of portfolio managers,” said Mr. Ivascyn. “He’s a welcome addition to PIMCO’s highly experienced group of CIOs and his focus on core strategies further strengthens our leadership in fixed income markets.”


PIMCO’s other CIOs include Andrew Balls, Managing Director and CIO – Global Fixed Income, Mark Kiesel, Managing Director and CIO – Global Credit, Marc Seidner, Managing Director and CIO – Non-traditional Strategies, and Qi Wang, Managing Director and CIO – Portfolio Implementation.


Professional Biography


Mr. Mittal is a Managing Director and Chief Investment Officer – Core Strategies based in the Newport Beach office. He is a member of the Investment Committee, and a portfolio manager for fixed income multi-sector portfolios across the duration and credit spectrum.  As CIO of Core strategies, Mr. Mittal has leadership and oversight responsibilities for strategies across our Low and Moderate Duration, Total Return, and Long Duration strategy suite. Morningstar named him winner of the 2020 U.S. Morningstar Award for Investing Excellence in the Rising Talent category. Mr. Mittal also serves on the board of Orangewood Foundation. He joined PIMCO in 2007 and holds an MBA from the Wharton School of the University of Pennsylvania and an undergraduate degree in computer science from Indian Institute of Technology (IIT) in Delhi, India.



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