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
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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).
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).
Hala Acquires Paymennt.com
Saudi fintech company Hala announced the purchase of a payment startup from the UAE Paymennt.com.
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.
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
Dubai Releases Crypto Regulations for Virtual Asset Services Providers
Dubai mandates licensing for crypto services providers with new regulatory requirements by the VARA.
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.
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’.
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).
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
