Tagged: abu dhabi

Abu Dhabi Islamic Bank Introduces ADIB PAY, Region’s First Token Payment Enabled Wearables

Abu Dhabi Islamic Bank (ADIB), a financial institution, announced the launch of the region’s first tokenized, contactless payment methods “through the options of clasp and ring ‘ADIB PAY’, in partnership with token enablement service provider Tappy Technologies and global digital payments leader, Visa.” ADIB Visa… Read More

Startups in Abu Dhabi to Receive Streamlined Banking Services with Assistance from Flat6Labs, Wio Bank

In a bid to further strengthen Abu Dhabi’s entrepreneurship ecosystem, Flat6Labs, the MENA region’s seed-stage program and early-stage venture capital firm, and Wio Bank, the region’s first platform bank, have “signed a Memorandum of Understanding (MoU).” Under the agreement, startups from Flat6Labs Ignite, a specialized… Read More

Digital Asset Management Platform LumiShare Raises $3.2 Million in Funding led by Abu Dhabi Royal Family

LumiShare (previously IllumiShare), a digital asset management ecosystem, has raised $3.2 million in a funding round led by the Abu Dhabi royal family. According to a company statement, the funds were part of the early stages of its Abu-Dhabi-licensed $SRG token presale.  The funding will… Read More

OurCrowd CEO Reflects on Global Venture Market: 2021 was Record Year, 2022 Has Been Flat

Recently global investment platform OurCrowd announced that it had topped $2 billion in capital commitments on its platform. OurCrowd is based in Israel but caters to a global market of both investors and private firms in need of growth capital. When the milestone was announced,… Read More

Digital Asset Bank Sygnum Awarded Abu Dhabi In-Principle Approval

Sygnum, which claims to be the world’s first digital asset bank and first Swiss bank to open a hub in the metaverse, leverages its oversubscribed USD 90m Series B “to expand internationally into Abu Dhabi’s high-growth crypto-hub.” In addition to this, Sygnum is further strengthening… Read More

Israeli Fintech Firm Joins ADIO’s Innovation Program to Establish Financial Tech Research and Dev Center in Abu Dhabi

The Abu Dhabi Investment Office (ADIO) Innovation Program is partnering with Fintech company Liquidity Group, the “first” Israeli company “to join the AED 2 billion (USD 545 million) program.” The partnership will “support Liquidity Group’s establishment of an R&D center in Abu Dhabi to develop… Read More

Abu Dhabi Crypto Hub, “Future of Finance Youth Circle” Launched

Holding its third day of sessions and panel discussions under the overarching theme of “Crypto Abu Dhabi”, Abu Dhabi Finance week witnessed the launch of Abu Dhabi Crypto Hub by Abu Dhabi Global Market (ADGM), the international financial centre (IFC) of the UAE’s capital. Given… Read More

OneConnect Financial Technology Launches Middle East Operations in Abu Dhabi Global Market

OneConnect Financial Technology Co., Ltd, a Technology-as-a-Service provider for financial institutions, announced the official launch of its regional operations in Abu Dhabi Global Market (ADGM), the international financial center of the capital of the UAE. OneConnect’s addition to the ADGM family will “further support the… Read More

Abu Dhabi to Introduce Blockchain, Digital Assets Strategy

The Abu Dhabi Blockchain and Virtual Assets Committee (ADBVAC) held its first meeting, “under the chairmanship of H.E Mohamed Ali Al Shorafa, Chairman of the Abu Dhabi Department of Economic Development (ADDED) and Chairman Securities and Commodities Authority (SCA), to discuss strategy for blockchain and… Read More

$100M Tech Fund Launched by ADQ and Jordan’s Ministry of Digital Economy, Entrepreneurship

ADQ, an Abu Dhabi-based investment and holding company, recently announced the launch of a $100 million technology-focused venture capital fund with the Ministry of Digital Economy and Entrepreneurship (MoDEE) of Jordan, in the presence of His Excellency the Prime Minister of Jordan, Bisher Al Khasawneh…. Read More

Yoshi Markets, a Regulated Digital Assets Firm, Begins Onboarding Clients

Yoshi Markets Limited says it has started onboarding clients for its trading and custody platform for digital assets. Yoshi is an ADGM regulated  Multilateral Trading Facility (MTF) and custodian. The announcement is described as a significant step towards offering services for customers from around the world…. Read More

Abu Dhabi Commercial Bank has Reportedly Joined UAE Trade Connect Fintech Consortium

The UAE Trade Connect (UTC) is pleased to confirm that the Abu Dhabi Commercial Bank (ADCB) has joined its consortium of UAE banks “utilizing its blockchain platform to help de-risk trade finance.” UTC is the Fintech blockchain platform of e& enterprises, from e& (formerly known… Read More

Investcorp Introduces First International Institutional Blockchain Fund from Abu Dhabi

Investcorp, a global alternative investments firm, recently announced the launch of eLydian Lion, which is reportedly the first dedicated institutional blockchain fund based in the GCC, with “a global investment mandate.” The Fund – which will be led from Investcorp’s Abu Dhabi office – will… Read More

ADGM Partners with Finastra for International Fintech Hackathon ‘Hack to the Future 4’

ADGM will offer participants access to its Digital Lab, which is a “neutral” and “secure” digital environment where Fintech products and services may be tested The Abu Dhabi Global Market (ADGM), an international financial center, has teamed up with financial software firm Finastra for its… Read More

OurCrowd to Open Global Artificial Intelligence (AI) Innovation Center in Abu Dhabi

  Global securities crowdfunding platform OurCrowd will open a global artificial intelligence innovation center in Abu Dhabi later this year, according to a report. The new center is part of the ongoing initiative to connect countries that have normalized relations with Israel because of the… Read More

Saudi Arabia based Fintech Lean Technologies Acquires $33M from Sequoia Capital, Others

Sequoia Capital has reportedly made its first investment in the Gulf / MENA region by leading an investment round for Lean Technologies, a Saudi Arabia-based Fintech company whose founders include the son of the kingdom’s former oil minister, Khalid Al-Falih. Lean Technologies, which allows firms… Read More

UAE’s Smart Money Management App, Edfundo, Makes Several Key Appointments

Edfundo, the transformative smart money management app for kids and teens living in the United Arab Emirates (UAE), has appointed industry specialists to its advisory board. Joining the board are Saudi-headquartered Fintech & Business Development specialist Saleh AlHammad, UK‘s Finance & Emerging Payments professional David… Read More

UAE’s Personal Finance and Investment Platform Sarwa Announces the Launch of Sarwa Trade

Sarwa has confirmed the launch of Sarwa Trade, which is a zero-commission, zero-transfer-fee trading platform. Sarwa customers are able to trade stocks and exchange-traded-funds (ETFs) via an intuitive mobile app — with no commissions, no international transfer fees “from local AED accounts, and no minimum… Read More

Digital Banking for Young Clients to be Offered by Abu Dhabi Islamic Bank or ADIB

Abu Dhabi Islamic Bank (ADIB), an Islamic financial institution, reveals that it has introduced “Amwali,” which is an Islamic digital proposition meant for youth between the ages of 8 to 18. Amwali is described as a unique proposition that aims to bring together a suite… Read More

Abu Dhabi Securities Exchange or ADX Enters Agreement with Nasdaq to Establish Derivatives Market

The Abu Dhabi Securities Exchange (ADX) reveals that it has taken an important step towards establishing a derivatives market in 2021 by entering an agreement with Nasdaq (Nasdaq: NDAQ) in order to provide marketplace tech services, such as matching, real-time clearing and settlement technology. Abu… Read More

Send this to a friend