Tagged: uae

Visa, First Abu Dhabi Bank, DBWC Introduce “She’s Next” Initiative in UAE

Visa (NYSE: V), which claims to be the leader in virtual payments, recently announced the launch of its global She’s Next initiative in the United Arab Emirates in order to economically empower women entrepreneurs. The initiative has been introduced with assistance from First Abu Dhabi… Read More

CoinMENA Obtains Provisional License from Dubai’s Virtual Asset Regulatory Authority

Dina Sam’an, the Founder and Managing Director of CoinMENA, notes that she’s very excited to share that CoinMENA has obtained a provisional license from Dubai’s Virtual Asset Regulatory Authority (VARA). Sam’an adds that regulatory compliance has been a “top priority” for CoinMENA from day one…. 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

MENA Region’s Open Banking Platform Tarabut Gateway Announces New Partnerships in Saudi Arabia

Tarabut Gateway, which claims to be the largest Open Banking platform in the MENA region with a market presence in Bahrain, the UAE and KSA, recently announced four new key banking partnerships in KSA. As part of its expansion in Saudi Arabia, and the developments… Read More

Waves Enterprise Goes Open-Source, Introduces DAO to Focus on Global Expansion

Waves Enterprise, a hybrid blockchain platform combining public and private chains, has announced its intention “to move to a decentralized governance model and open-source its entire codebase.” The Waves Enterprise stack and further development of WE ecosystem “will be managed not by a group of… Read More

Cypher Capital Invests in lomob, a Mobility Marketplace

Estonia-based lomob Technologies OU, a blockchain-based firm that is developing a “mobility marketplace network and token” has received an investment from Cypher Capital. Cypher Capital is a VC firm based in the UAE, and active in the global crypto, blockchain, and digital asset space. The… Read More

Waves Reveals Plan for Troubled Stablecoin Neutrino USD (USDN)

Waves, an issuer of another algorithmic stablecoin Neutrino USD (USDN) has distributed a plan to reanimate its troubled stablecoin. USDN lost its “peg” back in April tanking to around $0.66 and while it has bounced back a bit – now around $0.97 – USDN has… Read More

UAE’s Spades Dine-in Payment Fintech Acquires $2.5M for Expansion Across MENA Region

There’s no denying that the Middle East is “growing fast” and its restaurant scene is growing “even faster,” according to an update shared with CI. Dining in the UAE means “exploring one of the most diverse, vibrant, and delicious food destinations on the planet.” Restaurants… 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

DIFC-based Tarabut Gateway Now a Regulated Open Banking Platform in UAE

Tarabut Gateway has reportedly been granted a license by Dubai Financial Services Authority (DFSA) to offer money services in and from Dubai International Financial Centre (DIFC). DFSA is the independent regulator of financial services in DIFC, which claims to be “the leading global financial center”… 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

MENA Region’s Seed Group Teams Up with PayCargo, a Florida based Logistics Payment Platform

Seed Group, a subsidiary of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, recently entered a “strategic” alliance with PayCargo, a Florida-headquartered global logistics payment platform, in order “to bring its tried and tested payment technology to the UAE.” As noted in an… 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

UAE based Mashreq Bank Completes Transition of Payments Division into Wholly-Owned Subsidiary

Mashreq Bank, a leading financial institution based in the United Arab Emirates, has completed the transition of its payments division into a wholly owned subsidiary, IDFAA Payment Services LLC, with a brand name NEOPAY, supported by Mashreq. NEOPAY, powered by Mashreq Bank, will reportedly leverage… 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

UAE’s BitOasis Introduces New Digital Asset Trading Features

Having served a key role in the regional cryptocurrency and blockchain sector since 2015, BitOasis claims to have established its reputation as one of the most “trusted” virtual currency trading platforms in the UAE (and MENA region). Being part of a fast-evolving crypto industry, there… Read More

UAE Now Under Increased Monitoring, FATF Confirms in March 2022 Update

Jurisdictions under increased monitoring are “actively working” with the Financial Action Task Force (FATF) to address “strategic deficiencies” in their regimes in order to counter money laundering, terrorist financing, and proliferation financing. When the FATF places a jurisdiction under increased monitoring, it “means the country… Read More

DIFC Introduces Suggested Amendments to Real Property Law for Consultation

The Dubai International Financial Centre (DIFC), a global financial center situated in the MENA and South Asia region, has issued a consultation paper “proposing to amend the Real Property Law, DIFC Law No. 10 of 2018.” The Proposed amendments will aim to “facilitate the administration… Read More

UAE Fintech Alaan Acquires $2.5M to Expand Multi-Currency Spend Management Platform

Dubai-headquartered Fintech firm Alaan has acquired $2.5 million in capital via an investment round. The firm is now coming out of stealth mode. The multi-currency spend management platform developers noted that they would use the proceeds to hire new talent and scale operations across the… Read More

Send this to a friend