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
UAE - page 3
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
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).
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.
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
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
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.
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
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.
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
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
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.
Republic Crypto Expands to UAE
A global blockchain firm Republic Crypto expands its tech advisory services to the UAE, aiming at wider MENA market
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.
UAE and India to Test Cross-Border CBDC Use
The Central Bank of the UAE and the Reserve Bank of India have agreed to jointly explore innovation in financial products and services, especially Central Bank Digital Currencies (CBDC)
Mashreq and i2c Partner to Aid Fintech Payments in UAE
Mashreq and i2c announced the beginning of cooperation, within the framework of which the companies will present digital payment solutions in the financial services market of the United Arab Emirates (UAE).
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