Tagged: abu dhabi

Abu Dhabi Global Market Releases Sustainable Finance Report, which Highlights Benefits of Islamic Finance and SDGs

Abu Dhabi Global Market (ADGM), which aims to serve as a global financial center and hub for the MENA region, says it’s always working to ensure the economic well-being of its community members. ADGM has released its State of Sustainable Finance Report – which outlines… Read More

Fintech Businesses and Startups in Israel, the UAE, and Bahrain Form Strategic Partnerships Following Signing of Abraham Accords

The Abraham Accords were recently signed between Israel and the United Arab Emirates (UAE) and the Kingdom of Bahrain.  The agreement is officially called the Abraham Accords Peace Agreement: Treaty of Peace. It establishes diplomatic relations and “full normalization” between Israel and several Middle Eastern… Read More

Abu Dhabi based ADQ to Launch Digital Banking Platform for UAE Residents

Abu Dhabi’s ADQ is reportedly planning to launch a digital banking platform. ADQ, which operates as a state-managed holding firm, confirmed that it will establish a virtual bank in the United Arab Emirates (UAE). As reported by Reuters, the ADQ said it would be using… Read More

UAE’s Ministry of Finance Partners with Local Banks to Offer Digital and Contactless Payments for Settling Government Service Fees

The UAE’s Ministry of Finance will be working with the First Abu Dhabi Bank (FAB) in order to launch electronic or digital Dirham contactless payments cards for settling governmental service charges. The eDirham has been set up as a system of digital channels that are… Read More

MENA Region Fintech Companies Continue to Apply for Digital Bank Licenses in the UAE

The Abu Dhabi Global Market (ADGM) has received applications from MENA region companies that are interested in launching digital banking platforms. Richard Teng, who works at the emirate’s international financial free zone as the head of its Financial Services Regulatory Authority, revealed that his organization… Read More

Kokila Alagh: Founder of KARM Legal, Member of MENA Fintech Board, Discusses Role of Emerging Tech in Streamlining Middle Eastern Businesses

Kokila Alagh, Founder of KARM Legal and a member of the MENA Fintech board, recently shared the latest updates from the Middle East region, including the United Arab Emirates (UAE) with Crowdfund Insider. Alagh works closely with the Arab Monetary Fund (AMF), the Dubai International… Read More

Fintech Firm [email protected] to Work with UAE’s iMass LLC on Offering Lending Solutions, Abu Dhabi Global Markets also Working on Financial Tech

[email protected] recently committed to a Memorandum of Understanding (MOU) with Khaled Abdulla Almass and his investment firm, iMass LLC, in order to focus on the expansion and ongoing development of [email protected] into the Middle East region. [email protected] is a Fintech firm that’s owned by Italy’s… Read More

UAE Fintech NymCard Granted In-Principle Approval to Hold, Transfer Customer Funds, while Issuing Payment Cards

Abu Dhabi based NymCard, a card issuing and processing platform, has reportedly been granted “in-principle” approval from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market. The Fintech firm aims to assist financial service providers including banks, and other financial technology companies… Read More

Fintech Abu Dhabi Innovation and Startups Team to “Digitally Visit” 23 Countries to Select High-Potential Businesses for Fintech100 Program

The Fintech Abu Dhabi Innovation and startups team is reportedly planning to “digitally visit” 23 different countries throughout the world between July and November 2020, The Fintech group aims to meet and potentially work with the founders of high-potential early-stage financial technology companies. The best… Read More

MENA Region Financial Hubs, the UAE and Qatar, Report Significant Increase in Digital Banking Activities during COVID-19

Abu Dhabi Islamic Bank (ADIB), a leading UAE-based financial institution, reports that it has experienced significantly increased levels of digital banking adoption across its retail and corporate services during H1 2020. As noted in a release, almost 60% of ADIB’s retail clients have been using… Read More

Fintech Abu Dhabi Innovation Challenge: UAE’s Central Bank and Abu Dhabi Global Market to Support Local and International Fintech Projects

The central bank of the United Arab Emirates (UAE) and the Abu Dhabi Global Market, an international financial center and free zone based on the Al Maryah Island in the nation’s capital, Abu Dhabi, noted on July 1, 2020, that they’re inviting Fintech firms to… Read More

Samsung backed Blockchain Firm Blocko and Islamic Research and Training Institute to Implement DLT based Smart Credit Management System

The Islamic Research and Training Institute (IRTI), a member of the Islamic Development Bank Group (IsDB), has teamed up with Samsung-backed blockchain tech company, Blocko, in order to implement a distributed ledger technology (DLT)-powered “smart” credit management platform. As mentioned in a release shared with… Read More

In First for the Region, Matrix Exchange Receives License to Operate a Regulated Digital Asset Exchange for Global Users

  Matrix Exchange Ltd., based in Abu Dhabi, has received a license to operate a “global virtual asset MTF and custody service.” The license is known as a “Financial Services Permission” (FSP), that allows holders to operate a regulated virtual asset Multilateral Trading Facility (MTF)… Read More

Molinari Media Names Rachel Pether as Host for Fintech.TV in Abu Dhabi

Molinari Media PBC has announced that Rachel Pether has joined Fintech.TV as a host in Abu Dhabi.  Pether will focus on financial, digital and sustainability-related topics in the United Arab Emirates and surrounding countries.  The company said she will be reporting on a weekly basis… Read More

Mastercard and UAE’s Hub71 Sign MoU to Work Cooperatively on Global Fintech Projects

Payments giant Mastercard (NYSE:MA) has committed to a Memorandum of Understanding (MoU) with Hub71, a technology ecosystem based in Abu Dhabi Global Market Square that supports global Fintech initiatives and leading tech firms. As mentioned in the announcement, Hub71 is a flagship project of the… Read More

China: WeiyangX Fintech Review

China Encourages Innovation of Exhibition Industry On April 13th, the General Office of the Ministry of Commerce issued a circular on work related to innovating exhibition service models and cultivating new momentum for the development of the exhibition industry. The circular proposes to support cross-city… Read More

Abu Dhabi Plans GCC’s first Social Impact Bond

Abu Dhabi is planning to introduce the region’s first Social Impact Bond, a financial tool that raises private investment to support high-impact social programs, under the Authority for Social Contribution – Ma’an. According to the Ma’an Authority for Social Contribution, the Social Impact Bonds will… Read More

Fintech Abu Dhabi Partners with UA Banks Federation

Fintech Abu Dhabi has partnered with the UAE Banks Federation (UBF) as the Strategic Industry partner of the upcoming Fintech Festival. Fintech Abu Dhabi is organised by Abu Dhabi Global Market (ADGM ) – the financial center in Abu Dhabi.  UBF is the leading industry… Read More

Facebook-Borne Crypto Scam Exploited Image of Crown Prince of Abu Dhabi

A crypto scam featuring the image of the Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi, has been circulating on Facebook and may have conned thousands of people, local news outlet The National reports: “The fake news story scattered legitimate information, including factual details… Read More

Plug and Play ADGM Announces First Five Corporate Partners & Seven Startups to Join Fintech Innovation Platform

Plug and Play and Abu Dhabi Global Market (ADGM) announced BNP Paribas, Boubyan Bank, Finablr Group, First Abu Dhabi Bank (FAB), and Riyad Bank have been selected to be the first five corporate partners to join the Plug and Play ADGM Fintech Innovation Platform based… Read More

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