Tagged: mena

ADGM Named “The Financial Centre of the Year (MENA)”… Again: A Recap of the Centre’s Numerous 2017 Fintech Contributions

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, is awarded “The Financial Centre of the Year (MENA)” for 2nd consecutive year by the Global Investor/ISF publication at the annual MENA Capital Markets Summit & Awards in Dubai. This accolade, presided by… Read More

Largest Equity Crowdfunding Round in the MENA Region: Enerwhere Lists on Eureeca

Enerwhere, the “world’s first” distributed solar utility company, has become the region’s largest equity crowdfunding round. Listed on Eureeca, Enerwhere has already seen almost $700,000 committed. Eureeca is the first multi-regulated global Equity Crowdfunding platform based in MENA. Chris Thomas, Co-Founder and Co-CEO of Eureeca, commented; “The… Read More

FinTech Abu Dhabi Includes Major Announcements Designed to Shape Regional Fintech Development

The inaugural FinTech Abu Dhabi conference ended with several key initiatives designed to boost the Fintech sector in the region. The two-day event, which was held under the patronage of His Highness Sheikh Hazza bin Zayed Al Nahyan, Vice Chairman of the Abu Dhabi Executive… Read More

Abu Dhabi Global Market Announces launch of the ADGM FinTech Innovation Centre & Partnership with Startup Accelerator

Abu Dhabi Global Market (ADGM) has announced two major initiatives: the launch of the ADGM FinTech Innovation Centre and a global partnership with world’s largest startup accelerator Plug and Play. These announcements were revealed at the inaugural FinTech Abu Dhabi Summit. These two Fintech projects… Read More

Abu Dhabi Global Market Approves Second Batch of Fintech Startups for Reglab

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has announced its second batch of Regulatory Laboratory or “Reglab” participants including 11 local and international Fintech startups. ADGM says the participants were selected from a pool of 22 applications for their Sandbox… Read More

ADGM, IFC & Al Ansari Exchange Sign MoU to Promote MENA Fintech

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and Al Ansari Exchange, a leading foreign exchange and worldwide money transfer company in the UAE, have established a new partnership to promote and support the growth of FinTech industry in Abu Dhabi… Read More

Peer to Peer Lender Beehive Raises $5 Million Series A

  Beehive, based in Dubai and MENA’s leading peer to peer lending platform, has raised $5 million in funding as part of a Series A round led by Riyad TAQNIA Fund along with participation by the Mohammed Bin Rashid Fund (MBRF), the financial arm of… Read More

FinTech Abu Dhabi Scheduled for October

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has scheduled a Fintech conference to engage Fintech thought leaders, financial regulators and platforms at the upcoming FinTech Abu Dhabi in October 2017.  The event highlights the growing interest in the potential for… Read More

Abu Dhabi Global Market Receives 166 Applications from 39 Different Countries for FinTech Abu Dhabi Innovation Challenge

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has announced that it has received 166 applications from over 39 countries for its inaugural FinTech Abu Dhabi Innovation Challenge. The global participation was accomplished in less than two weeks with outreach coordinated by ADGM AND KPMG. Each applicant has… Read More

ADGM, IFC and CMA Kenya Pen Fintech Cooperation Agreement

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi and the Capital Markets Authority (CMA) Kenya signed a Cooperation Agreement which provides a framework for cooperation to support financial innovation in each jurisdiction. The Agreement was signed by Paul Muthaura, Chief Executive,… Read More

The University of Cambridge Launches the 2016-17 European and Africa & Middle East Alternative Finance Industry Surveys

The Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School has launched its third European benchmarking survey and the second survey for Africa and the Middle East. The two separate research initiatives will review the emerging alternative finance markets in each… Read More

Beehive Signs MOU with Mohammad Bin Rashid Fund to Provide SME Loans

Dubai based peer to peer lender Beehive has signed a memorandum of understanding (MOU) with the Mohammad Bin Rashid Fund (MBRF), part of the Dubai Ministry of Finance. The collaboration will see MBRF act as the guarantor for credit of up to Dh500,000 for SME loans… Read More

Dubai Financial Services Authority Creates Special License for Fintech to Foster Innovation

The Dubai Financial Services Authority (DFSA) is looking to streamline the process of financial innovation by creating a special license for Fintech firms called the “Innovation Testing License” or ITL.  The DFSE said the ITL signals the “next phase” in their regulatory roadmap to increase… Read More

OneGram Claims First Sharia Compliant Digital Currency, Lists ICO for Over $500 Million

OneGram announced at Consenus this week the world’s first Sharia-compliant, gold-backed digital currency. The company also announced details for its “OGC” token crowdsale which will begin at the onset of Ramadan. The Initial Coin Offer (ICO) will continue for 120 days. OneGram seeks to raise… Read More

Growing Reg Influence in MENA Fintech: Abu Dhabi Global Market Joins R3 Consortium

Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, has joined R3 as a new member of its international consortium. ADGM is the first regulatory body in the Middle East and North Africa (MENA) region to be part of the R3 consortium, comprising over… Read More

DIFC Accepting Applicants for Fintech Hive Accelerator Program

The Dubai International Financial Centre (DIFC) has announced it is now accepting applications for its ‘FinTech Hive at DIFC’ accelerator program. The announcement comes after DIFC received registered interest from more than 200 companies since it opened its doors in January. The 12-week program is… Read More

Singapore & Abu Dhabi Sign Cooperation Agreement on Fintech Innovation

  The Monetary Authority of Singapore (MAS) and Abu Dhabi Global Market (ADGM) have signed a “Cooperation Agreement” (CA) to encourage closer cooperation on the development Fintech. The agreement seeks to foster entrepreneurship and support innovation in financial services in both Singapore and Abu Dhabi. … Read More

Beehive is First P2P Lender to Receive DFSA Regulatory Approval

Dubai-based Beehive has become the first peer to peer lending platform to be authorised and regulated by the Dubai Financial Services Authority (DFSA) Beehive reports that the new regulation is a first for the region and may catalyze sector growth of the Fintech industry. Beehive said… Read More

Cambridge Centre for Alternative Finance Publishes Africa & Middle East Alternative Finance Report

The Cambridge Centre for Alternative Finance (CCAF) has published its first benchmarking report covering alternative finance in the African and Middle East markets. Produced with the support and backing of Energy4Impact, UKAid and CME Group Foundation, the CCAF report states that alternative finance totaled more… Read More

First: Eureeca Receives Equity Crowdfunding License from Dubai Financial Services Authority

Eureeca has become the first equity crowdfunding platform to be officially licensed by the Dubai Financial Services Authority (DFSA).  Eureeca is a multi-regulated platform, having already received regulatory approval from from the Financial Conduct Authority in the UK and the Securities Commission Malaysia in 2015…. Read More