Tagged: uae

August 26, 2025 @ 3:52 am By Omar Faridi  |  

Abu Dhabi Global Market (ADGM), the UAE capital’s premier international financial center, has recently introduced two significant initiatives aimed at enhancing governance, transparency, and investor confidence in its jurisdiction. These developments—a new real estate-focused permit service and finalized amendments to the Financial Services Regulatory Authority’s… Read More

August 24, 2025 @ 8:39 pm By Michael Wong  |  

The UAE Central Bank’s Emirates Institute of Finance (EIF) has partnered with HSBC Bank, Al Maryah Community Bank and technology firms Presight and Core42 to explore artificial intelligence applications in financial services, the central bank said. The collaboration aims to enhance operational efficiency, strengthen cybersecurity… Read More

August 24, 2025 @ 5:30 pm By Michael Wong  |  

The United Arab Emirates’ Cyber Security Council said on Sunday that more than 12,000 security breaches have been recorded across Wi-Fi networks nationwide since January, representing approximately 35% of all cyberattacks in the country this year. The council warned of escalating risks from untrusted wireless… Read More

August 10, 2025 @ 9:57 pm By Michael Wong  |  

UAE-based business-to-business Fintech startup Alaan has secured $48 million in Series A funding led by Peak XV Partners, formerly Sequoia Capital India, to expand its AI-powered spend management platform across the Middle East and North Africa. The funding round included participation from Pioneer Fund, 885… Read More

July 21, 2025 @ 11:01 am By Omar Faridi  |  

In an era where digital transformation drives economic and technological breakthroughs, the question of where the world’s most qualified web and tech talent will gravitate is becoming critical. A report from Boston Consulting Group (BCG) dives into the global competition for highly skilled digital professionals,… Read More

July 19, 2025 @ 5:52 pm By Omar Faridi  |  

Abu Dhabi Global Market (ADGM), the UAE capital’s international financial center, continues to solidify its position as a hub for financial services and collaboration through key developments announced recently. The Financial Services Regulatory Authority (FSRA) of ADGM signed a Memorandum of Understanding (MoU) with the… Read More

July 5, 2025 @ 8:18 pm By Omar Faridi  |  

Abu Dhabi Global Market (ADGM), the international financial center of the UAE’s capital, continues to solidify its position as a hub for innovation, transparency, and accessibility in financial and legal services. Two recent developments underscore ADGM’s commitment to fostering an inclusive and progressive ecosystem: the… Read More

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