Tagged: uae

December 17, 2024 @ 9:17 pm By Omar Faridi  |  

ADGM, the international financial centre, signed a Memorandum of Understanding (MoU) with Beijing Financial Street Service Bureau. As explained in the update, this latest agreement reinforces the commitment to fostering connections, particularly in the areas of international “development and industry promotion, further advancing the growth… Read More

December 17, 2024 @ 8:41 am By Omar Faridi  |  

Bitpanda recently revealed that it will soon be able to offer their full range of products and services to users residing in the UAE, supported by their commitment to regulation in Europe and, as they expand, into the MENA region and other jurisdictions. The expansion… Read More

December 12, 2024 @ 7:49 am By Omar Faridi  |  

Paxos, the regulated blockchain and tokenization infrastructure platform, has partnered with Standard Chartered to enhance Global Dollar (USDG) and Lift Dollar (USDL) reserve management. Through this collaboration, Standard Chartered will provide cash management, trading, and custody services, strengthening the infrastructure supporting the “trusted” digital assets… Read More

December 2, 2024 @ 10:28 pm By Omar Faridi  |  

ADGM, the international financial centre (IFC) of Abu Dhabi, announced another quarter of steady growth, with a number of key achievements for the third quarter (Q3) of 2024 across various metrics. The results are said to underscore ADGM’s role in Abu Dhabi’s strategic goal to… Read More

November 17, 2024 @ 6:04 pm By Michael Wong  |  

Dubai-based spend management platform Pemo announced raising $7 million in a Pre-Series A funding round. The investment comes as the company seeks to accelerate its growth in the Gulf Cooperation Council (GCC) region, including plans to expand into Saudi Arabia. The funding round was co-led… Read More

November 13, 2024 @ 4:36 pm By Omar Faridi  |  

Visa (V: NYSE) flexible credential is going global by transforming the traditional payment card for a digital future. First in the United States, Visa Flexible Credential will reportedly roll out with the Affirm Card, a debit card that allows eligible consumers to buy now and… Read More

November 10, 2024 @ 10:03 pm By Omar Faridi  |  

Stablecoin issuance and use is rising around the world, with the market projected to reach $3 trillion within the next five years. This, according to an update from Fintech firm Ripple. Key to this continued growth are crypto regulations that will help advance the use… Read More

November 3, 2024 @ 4:09 pm By Michael Wong  |  

Warburg AI, a UAE-based artificial intelligence company specializing in financial services, has raised $250,000 in seed funding to accelerate the development of its AI-driven financial solutions, according to an announcement. Founded in September 2024 in Sharjah by entrepreneurs Ben Feaver, Lancelot de Brier, and Madiyar… Read More

October 15, 2024 @ 10:02 pm By Omar Faridi  |  

Sarwa reportedly offers options trading to their customers, becoming one of the “first” fintech platforms in the Middle East to do so. Sarwa and Alpaca’s partnership has grown since 2021, and they are pleased to acknowledge Sarwa’s efforts and progress on achieving this first-to-market milestone…. Read More

October 15, 2024 @ 9:04 am By Omar Faridi  |  

Kaspersky’s Digital Footprint Intelligence (DFI) team has released a report that is shedding light on the most pervasive cyberthreats facing organizations in the Middle East. The Kaspersky cybersecurity team has recently delved “deep into the dark web” – exploring everything from cybercriminal forums to shadow… Read More

October 12, 2024 @ 6:21 pm By Omar Faridi  |  

Gemcorp Capital, a global asset management firm focused on emerging markets, has received a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) in order to operate in the Abu Dhabi Global Market (ADGM) and has opened a business office in Abu Dhabi…. Read More

October 10, 2024 @ 10:12 am By Omar Faridi  |  

Elliptic, the enabler of sophisticated blockchain analytics and digital asset risk management, has announced the launch of its regional headquarters in the United Arab Emirates (UAE), marking a key milestone in its international expansion efforts. Elliptic is pleased to welcome Zahi Yaari as its new… Read More

October 7, 2024 @ 7:03 pm By Omar Faridi  |  

Many people seemed surprised recently to hear that the UAE had apparently eliminated taxes on crypto, but it has now been clarified that this is not actually the case after all. Here’s the reality of the situation, according to crypto / digital assets industry focused… Read More

October 2, 2024 @ 7:42 am By Omar Faridi  |  

The latest DFSA approval unlocks Ripple’s end-to-end payment services in the UAE, boosting Middle East operations. Ripple, the provider of digital asset infrastructure, has secured in-principle approval from the Dubai Financial Services Authority (DFSA) in order to expand its services from the Dubai International Financial… Read More

September 27, 2024 @ 9:17 am By Omar Faridi  |  

Building on its earlier participation in JPM Coin Systems through Onyx by JP Morgan, the firm’s blockchain business unit, First Abu Dhabi Bank (FAB) completed its pilot using Programmable Payments. Programmability is the ability of the system “to execute specific tasks based on defined instructions.”… Read More

September 18, 2024 @ 7:44 am By Omar Faridi  |  

Ctrl Alt, a financial engineering and tokenization platform with offices in the UK and Ireland, has officially launched in the UAE with an initial focus on the Emirate of Dubai. The company has already secured multiple partnerships, “including with Emirates NBD, with more public announcements… Read More

September 12, 2024 @ 10:25 am By JD Alois  |  

Fasset has announced IOWN, an Ethereum layer 2 blockchain for Real World Assets (RWA). Based in the UAE, the company states that it has moved forward with the project following the approval of its Credit Token Licence from the Labuan Financial Services Authority (Labuan FSA),… Read More

September 11, 2024 @ 9:42 pm By Omar Faridi  |  

Standard Chartered (LON: STAN) has announced its digital asset custody service in the UAE. The offering has been granted a licence by the Dubai Financial Services Authority (DFSA) within the Dubai International Financial Centre (DIFC), a global financial hub, “following the memorandum of understanding (MoU)… Read More

September 4, 2024 @ 10:42 pm By Omar Faridi  |  

Ziina, the UAE’s financial platform supporting consumers and businesses, announced that it has raised $22 million in a Series A round led by Altos Ventures. Other investors participating in this investment round reportedly “include Fintech Collective, Avenir Growth, Activant Capital, Y Combinator, FJ Labs, MEVP,… Read More

September 3, 2024 @ 9:22 am By JD Alois  |  

Tokeny, a top European tokenization platform, has revealed a partnership with ShipFinex. According to a note from the firm, the two are collaborating on ship ownership that is said to transform “the way maritime assets are tokenized and managed.” Tokeny has largely focused on digital… Read More