UAE - page 2

News

UAE Partners With Mastercard to Accelerate AI Adoption

Mastercard has established a global centre for advanced AI and cyber technology in Dubai, UAE to realize the aspirations outlined in the UAE Strategy for Artificial Intelligence 2031.

Finance & Economics

Emirates Development Bank Collaborates With Trade Capital Partners to Offer Supply Chain Finance

The Emirates Development Bank (EDB) has entered into a partnership agreement with Trade Capital Partners (TCP), which aims to create a solution for supply chain financing and working capital for small and medium-sized businesses in the United Arab Emirates (UAE).

Science & Technology

Dubai to License AI and Web3 Startups in Subsidised Manner

Dubai International Financial Centre will be issuing artificial intelligence (AI) and Web3 licenses at a 90% subsidy

News

UAE to Establish Blockchain-Based National Carbon Credit System

The Ministry of Climate Change and Environment (MoCCAE), the Industrial Innovation Group LLC and Venom Foundation to jointly establish a national system for carbon credits using blockchain technology

News

LuLu Group Raises $2.72 Billion

LuLu Group International, which is based in Abu Dhabi and owns one of the largest hypermarket chains in the Middle East, is raising 10 billion dirhams (about $2.72 billion) to refinance debt ahead of the expected initial public offering (IPO).

Blockchain & Crypto

TOP 10 Blockchain development companies in the UAE

The United Arabian Emirates is fast becoming a hub of blockchain technology. The region’s government and private sector have shown great interest in blockchain’s potential by initiating various projects.

Finance & Economics

UAE and Hong Kong Strengthen Financial Cooperation

The Central Banks of the United Arab Emirates (UAE) and Hong Kong held a bilateral meeting to enhance collaboration between the two financial services sectors, including cooperation on virtual asset regulations

Fintech & Ecommerce

Emirates NBD Enters Sustaibability-Focused Partnership With Microsoft

The sustainability and innovation-focused collaboration between Emirates NBD and Microsoft will be based on four pillars: measurement, data conversion, ecosystem development and process improvements

Fintech & Ecommerce

Bahrain Gets Permission to Join Gulf Region Payment System

Bahrain plans to join the unified system of payments and settlements of the Persian Gulf countries.

News

Al Hilal Bank Partners With BLME to Bring Digital UK Banking to UAE

Al Hilal Bank customers in the UAE now have a quick and simple way to access digital banking services as if they were in the UK

Fintech & Ecommerce

Network International in Talks Over £2 Billion Bid

Network International, which is based in Dubai, is currently in talks with a consortium led by CVC Capital Partners to buy the company for 2 billion pounds.

Blockchain & Crypto

First Islamic Bank Goes Live on UAE KYC Blockchain Platform

Abu Dhabi Islamic Bank (ADIB) has gone live on the UAE national blockchain ecosystem for the exchange of verified KYC data

News

Visa Launches Visa Eco Benefits in UAE

The new Eco Benefits solution will allow Visa issuers to add sustainability-focused features to existing Visa credit and debit products, encouraging sustainable consumption and behaviours

News

Uber Sells $400 Million Stake in Careem Super App Business

Careem, a Middle Eastern company that specializes in providing car rental services, is transforming its super app business into a new startup.

News

Republic Crypto Expands to UAE

A global blockchain firm Republic Crypto expands its tech advisory services to the UAE, aiming at wider MENA market

Finance & Economics

UAE Сentral Bank Selects Technology and Legal Partners for CBDC Project

The UAE Central Bank (CBUAE) has chosen Clifford Chance, R3, and G42 Cloud as partners in the implementation of the digital currency creation project.