Tagged: uae

June 2, 2025 @ 9:51 pm By Omar Faridi  |  

The Office of Data Protection at ADGM, the international financial centre of Abu Dhabi, and the Office of Data Protection of Astana International Financial Centre (AIFC), have officially signed a Memorandum of Understanding (MoU) to enhance collaboration “in data protection and the enforcement of privacy… Read More

May 27, 2025 @ 9:31 pm By Omar Faridi  |  

Careem Pay, the fintech arm of the Careem Everything App, has introduced a new international money transfer service to Jordan. This addition to Careem Pay’s remittance network enables users to send money directly from the UAE to Jordanian bank accounts, catering to the needs of… Read More

May 25, 2025 @ 3:31 pm By Michael Wong  |  

UAE-based Fintech startup Gainz has closed a seven-figure pre-seed funding round, combining equity and debt, as it looks to transform access to Shariah-compliant alternative financing for underserved small and medium enterprises (SMEs) across the Gulf Cooperation Council (GCC). The round was led by Antler MENAP,… Read More

May 23, 2025 @ 8:53 pm By Omar Faridi  |  

JP Morgan-backed Fintech venture, In-Solutions Global (ISG), has partnered with Bank of Baroda UAE to launch Jaywan Cards in the UAE. This collaboration reinforces ISG’s commitment to “enabling localised, secure, and cost-effective payment solutions for banks and consumers in the region.” The introduction of Jaywan… Read More

May 19, 2025 @ 8:41 am By Omar Faridi  |  

Global digital payment solutions provider Checkout.com has entered a strategic partnership with du Pay, one of the UAE’s fintech platforms focused on advancing financial inclusion and accessibility. This collab enables du Pay to leverage Checkout.com’s robust and scalable payments infrastructure to deliver “high performance payments and… Read More

May 18, 2025 @ 10:46 pm By Omar Faridi  |  

Dubai Finance (DOF) has signed a Memorandum of Understanding (MoU) with Crypto.com, a global cryptocurrency trading platform, to facilitate government service fee payments using cryptocurrencies—marking a pioneering milestone in digital finance on a global scale. The agreement was formalized by Ahmad Ali Meftah, Executive Director… Read More

April 29, 2025 @ 1:45 pm By Omar Faridi  |  

Circle Internet Group, Inc., a global financial technology company and stablecoin market participant, announced it has received In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of ADGM to operate as a money services provider. This IPA marks a significant step towards Circle securing… Read More

April 25, 2025 @ 4:32 am By Omar Faridi  |  

ADGM, the international financial center of the UAE capital, Abu Dhabi, announces the launch of the Virtual Sell and Purchase, the real estate service, which allows multiple steps within property transactions to be “completed virtually by buyers, sellers, and associated banks.” ADGM’s new service streamlines… Read More

April 24, 2025 @ 4:06 am By Omar Faridi  |  

Archax, the UK-based digital asset exchange, broker and custodian, announced that it has opened an entity in the Dubai International Finance Centre (DIFC) under an Innovation License there. This builds on its recently announced expansion into both the EU and US regions, with broker acquisitions… Read More

April 13, 2025 @ 12:36 pm By Michael Wong  |  

The gold reserves of the Central Bank of the United Arab Emirates rose 7% in January to AED24.571 billion ($6.69 billion), up from AED22.981 billion in December 2024, according to data from the central bank’s monthly statistical bulletin. The rise in gold holdings was part… Read More

April 11, 2025 @ 2:28 pm By Omar Faridi  |  

Checkout.com, a global digital payments company, announced its intention to expand its card issuing capabilities in the UAE. Checkout.com aims to roll out domestic card issuance “in the region in 2026, pending regulatory approval.” This will enable businesses to launch branded cards, whether physical or… Read More

April 7, 2025 @ 8:00 am By JD Alois  |  

Digital asset platform Fasset has partnered with Dinari to tokenize $1 billion of US equities, which are available to investors, according to a company statement. Fasset is a Dubai-based blockchain firm. Dinari, through its blockchain-based tokenization technology, aims to enable investing in anything from anywhere…. Read More

April 6, 2025 @ 8:24 pm By Michael Wong  |  

The United Arab Emirates has issued a new decision revising the tax treatment of investment funds and limited partnerships as part of its ongoing efforts to enhance the country’s investment climate and align with global best practices, the Ministry of Finance said. Cabinet Decision No…. Read More

April 3, 2025 @ 8:37 am By JD Alois  |  

Fuse, founded by TrueLayer veterans, has raised $6.6 million in a funding round led by Northzone. Other investors include Flourish Ventures, Alter Global, and angel investors. Fuse is a payments Fintech targeting the MENA region. The company says it is focusing on the “payments bottlenecks”… Read More

March 25, 2025 @ 4:29 pm By Omar Faridi  |  

ADGM, the International Financial Centre (IFC) of the UAE’s capital, has signed an MoU with Chainlink, which is said to be the “standard” for onchain finance, marking a key step in advancing compliant tokenization frameworks. This alliance will support projects under ADGM’s Registration Authority by… Read More

March 20, 2025 @ 10:35 pm By Omar Faridi  |  

Accenture (NYSE: ACN) has joined forces with the Commercial Bank of Dubai (CBD) to train the bank’s employees in the fields of data and AI. As the first bank in the UAE to launch an enterprise-wide data literacy program, CBD says that it is setting… Read More

March 15, 2025 @ 3:55 pm By Omar Faridi  |  

Crypto.com announced it has been issued a limited license by Dubai’s Virtual Assets Regulatory Authority (VARA) to offer derivatives in the UAE. This issuance now reportedly extends the provisions of Crypto.com’s existing VASP license to operate in the region. With this limited license, Crypto.com’s regional… Read More

March 12, 2025 @ 10:29 pm By JD Alois  |  

Abu Dhabi-based tech investor MGX has committed to investing $2 billion in Binance, according to a company statement. Binance is the largest crypto exchange in the world, reporting over 260 million registered users and $100 trillion in cumulative trading volume. The investment is claimed to… Read More

March 4, 2025 @ 7:41 pm By Michael Wong  |  

UAE-based Fintech Flow48 has secured $69 million in a Series A funding round comprising debt and equity, as it seeks to scale its SME financing solutions in the Middle East and North Africa (MENA). The round was led by Breega and included participation from 212,… Read More

February 16, 2025 @ 11:50 am By Omar Faridi  |  

Tether Operations Limited, which claims to be one of the largest companies in the digital asset industry, has signed a Memorandum of Understanding (MoU) with Reelly Tech, one of the real estate B2B platforms in the UAE. This marks an advancement in the evolution of… Read More