UAE - page 3

Fintech & Ecommerce

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

News

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.

Finance & Economics

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)

News

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).

News

Noventiq Completes Seven Seas Technology Acquisition

Noventiq, a global provider of digital transformation and cybersecurity solutions and services, closed the deals to acquire UAE-based Seven Seas Technology (SST).

Fintech & Ecommerce

Hala Acquires Paymennt.com

Saudi fintech company Hala announced the purchase of a payment startup from the UAE Paymennt.com.

News

Abu Dhabi Launches $2 Billion Program for Web3 and Blockchain Development

The Hub71+ Digital Assets will be an ecosystem promoting the success of blockchain and Web3 startups.

Fintech & Ecommerce

Emirates Islamic Partners with Plug and Play Abu Dhabi for Fintech Accelerator

Dubai-based bank Emirates Islamic has launched a global fintech accelerator campaign in collaboration with Plug and Play Abu Dhabi

Finance & Economics

UAE Central Bank Launches Digital Finance Initiatives

The Central Bank of the UAE launched Financial Infrastructure Transformation Programme which includes nine key digital finance initiatives to make UAE financial and digital payment hub

Finance & Economics

Dubai Releases Crypto Regulations for Virtual Asset Services Providers

Dubai mandates licensing for crypto services providers with new regulatory requirements by the VARA.

Fintech & Ecommerce

Saudi Arabia Central Bank Launches CBDC Experiment

Saudi Central Bank continues CBDC experimentations, currently focusing on domestic wholesale of CBDC in collaboration with local banks and fintechs.

News

UAE Backs Crypto Adoption With Trading Potential

The United Arab Emirates have been overt regarding their interest in crypto. Now, UAE’s Minister says crypto will ‘play a major role for the United Arab Emirate’s global trade going forward’.

Countries

First UAE Fintech to Launch India UPI Payment Integration

Last week, India decided to open its Unified Payments Interface (UPI) payment gateway for NRIS (non-resident Indians).

Finance & Economics

FlexxPay Partners ADCB to Offer Payroll Services in UAE

This new alliance gives UAE companies an opportunity to provide their unbanked employees with complete digital bank accounts using the FlexxPay app with access to ADCB payroll services

News

Abu Dhabi Islamic Bank Release Contactless Payment Devices

The Islamic Bank of Abu Dhabi launched the release of devices for contactless payments.