Tagged: uae

Emirates Gold, Public Gold Launch UAE Bullion-Dispensing ‘Gold ATM’

Emirates Gold and Malaysia’s Public Gold have installed a bullion vending machine in Dubai that the companies say is the first in the UAE to combine a Fintech account platform with automated dispensing of physical gold and silver. The firms unveiled the “Gold ATM” on… Read More

erad Announces $125M Facility Led by Jefferies to Support SME Financing in Middle East

erad, the Riyadh-headquartered alternative financing platform for SMEs, has partnered with Jefferies (NYSE: JEF) (with co-investment from Channel Capital) to secure $125M in a credit deal, in order to accelerate embedded finance solutions across the GCC region. After the transaction is completed, it will mark… Read More

Ripple’s Stablecoin RLUSD Now an Accepted Fiat-Referenced Token for Use within Abu Dhabi’s ADGM

Ripple, a financial technology company that offers crypto solutions for businesses, announced that its USD-backed stablecoin Ripple USD (RLUSD) has been recognized as an Accepted Fiat-Referenced Token by Abu Dhabi’s Financial Services Regulatory Authority (FSRA), enabling use within the ADGM, the international financial centre of… Read More

Swiss Wealth Management Firm Julius Baer Announces Business Expansion in Abu Dhabi

Julius Baer announces its expansion into Abu Dhabi with the establishment of an Advisory Office that is based in ADGM, currently being subject to final regulatory approvals. The new legal entity, Julius Baer (Abu Dhabi) Ltd., will aim to cater to ultra-high-net-worth individuals (UHNWIs), family offices,… Read More

Animoca Brands Obtains In-Principle Approval from ADGM’s FSRA

Animoca Brands announced it has received in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of ADGM, the international financial center of Abu Dhabi, the Capital of the UAE, to operate as a regulated Fund Manager. Currently subject to the fulfillment of conditions and… Read More

Mastercard Access Pass Launches with McLaren Formula 1 Team and First Abu Dhabi Bank

Mastercard (NYSE: MA) launched Mastercard Access Pass, a program that enables issuers and partners to deliver experiences and perks to deepen consumer connections. Debuting with the McLaren Formula 1 Team and First Abu Dhabi Bank (FAB) in the UAE, Access Pass will enable FAB cardholders… Read More

First Abu Dhabi Bank to Enable Real-Time Payments Across Middle East

Thunes, the so-called Smart Superhighway to move money across the globe, announced that First Abu Dhabi Bank (FAB), the UAE’s Global bank, and one of the world’s largest financial institutions, has reportedly selected Thunes as its provider to support international mobile wallet payouts via its… Read More

AURAS Pay Introduces Decentralized Payment Tech Platform in Dubai

AURAS Technologies MENA FZCO, a Dubai-based firm that is specialized in Distributed Ledger Technology (DLT) services, has recently announced the launch of AURAS Pay, which is described as a non-custodial decentralized payments platform that allows various merchants to accept and manage digital asset transactions directly… Read More

Saudi Fintech Firm Tabby Announces Completion of Secondary Share Sale

Tabby, the Saudi Arabia–based financial services app, has recently confirmed the completion of a secondary sale of shares that was reportedly held by certain existing shareholders. As part of the latest transaction, HSG, Boyu Capital and others acquired shares from existing investors, “resulting in an… Read More

European Alternative Assets Manager Arrow Global Focuses on Middle East with UAE Office

Arrow Global Group Limited, a pan-European alternative asset manager specialising in credit and real estate, announced the opening of its new office in the UAE, strengthening its commitment to one of the world’s financial hubs. Located in the center of the UAE’s financial district, the… Read More

Fintech Tamara Obtains Central Bank of UAE Approval to Provide Financial Services

Tamara recently announced that it has officially received a restricted finance license from the Central Bank of the UAE (CBUAE). As a financial technology platform operating across the United Arab Emirates, Tamara claims that it has cemented its position as a key financial partner. Achieving… Read More

UAE’s M2 Capital Invests $21m in Nasdaq-listed AVAX One

UAE-headquartered M2 Capital said it invested $21 million in AVAX One, a Nasdaq-listed digital asset treasury created to accumulate AVAX, the native token of the Avalanche blockchain. The move is part of a push to support the network’s growth and the Middle East’s adoption of… Read More

Crypto.com Entity Obtains In-Principle Approval for Stored Value Facilities in the UAE

Foris DAX Middle East FZ-LLC (trading as Crypto.com) announced that it has received In-Principle Approval (IPA) from the Central Bank of the United Arab Emirates (CBUAE) for a Stored Value Facilities (SVF) license, claiming it becomes the “first” Virtual Asset Service Provider (VASP) in the… Read More

Laffer Curve: UK Continues to Chase Tax Revenue Away as Revolut CEO Domiciles in UAE

The Laffer Curve continues to shed light on how to manage tax policy more effectively. Unfortunately, too few recognize the pragmatech theory that posits a too high tax burden will alter individual behavior. As taxes rise, especially on the affluent, who may relocate easily, this… Read More

Private Markets Asset Manager HarbourVest Partners Expands Operations with Middle East Office

HarbourVest Partners, an independent private markets asset manager with more than $147 billion assets under management (as of March 31, 2025), announced the opening of its office in ADGM, the International Financial Centre (IFC) of Abu Dhabi, United Arab Emirates. The expansion underscores the firm’s… Read More

Fintech Airwallex Focuses on Middle East Expansion with Key Regulatory Milestones

In a move signaling its commitment to the burgeoning Middle East market, Airwallex, the Melbourne-headquartered global financial platform, has unveiled updates designed to enhanc its regional footprint. The announcement from Fintech Airwallex encompasses pivotal regulatory approvals, foundational infrastructure setups, and high-impact partnerships. These developments come… Read More

UAE and Chad Seek Closer Financial Sector Ties in High-Level Talks in Dubai

The United Arab Emirates and the Republic of Chad are looking to deepen cooperation in the financial sector following a high-level bilateral meeting in Dubai aimed at enhancing institutional partnerships and expanding economic collaboration. UAE Minister of State for Financial Affairs Mohamed bin Hadi Al… Read More

Abu Dhabi Global Market (ADGM) Commits to Advancing Data Privacy and Sustainable Investments

Abu Dhabi Global Market (ADGM) has made announcements that underscore a commitment to robust data protection and innovative financing for regional challenges. On one front, ADGM has introduced new rules aim to enhance privacy safeguards under its Data Protection Regulations 2021. On another, a strategic… Read More

Digital Bank Revolut Obtains In-Principle Approval for UAE Payments License

Digital bank Revolut is making significant strides in its global expansion strategy, with recent developments underscoring its focus on reshaping digital finance and online investing. From securing regulatory approvals in the Middle East to attracting new talent from the cryptocurrency sector and seeing early investors… Read More

Private Markets Investment Management Firm Adams Street Establishes Abu Dhabi Office

Adams Street Partners, LLC, a Chicago-based firm specializing private markets investment management, has officially unveiled its first office in the Gulf Cooperation Council (GCC) region. With (a reported0 over $62 billion in assets under management (AUM), Adams Street’s entry into Abu Dhabi underscores the firm’s… Read More

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