Tagged: united arab emirates

New Partnership: INVAO to Advance UAE’s SEED Group Blockchain Strategy

INVAO, the blockchain asset pool for investors, has been selected as the exclusive international partner for blockchain investments by Dubai’s SEED Group, an association of diversified companies owned by The Private Office of Sheikh Saeed bin Ahmed Al Maktoum. “This [landmark partnership]represents a seal of… Read More

Saudi Arabia and UAE To Test Cryptocurrency for Cross Border Payments

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Following a meeting of The Executive Committee of the Saudi-Emirati Coordination Council, the UAE and Saudi Arabia have announced plans to collaborate on a “joint pilot cryptocurrency” for possible use in cross border banking, Emerati state news agency WAM reports. The initiative is one of seven… Read More

Dubai Police Commander Warns Citizens of Potential Crypto Fraud Risks

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Major-General Khalil Ibrahim Al Mansouri, the Assistant-Commander of the Criminal Investigation Department of the Dubai Police, told attendees at a relevant forum in Dubai this weekend that a lack of awareness around possible criminal uses of cryptocurrencies in the UAE is putting citizens at risk,… Read More

Abu Dhabi Global Markets Joins Forces With UAE Exchange to Develop & Enhance Fintech Ecosystem

Earlier this week, Abu Dhabi Global Markets (ADGM) announced it has joined forces with foreign exchange and remittance company UAE Exchange to support, develop and promote the fintech ecosystem in Abu Dhabi and the United Arab Emirates. The Memorandum of Understanding was notably signed by Promoth… Read More

UK Company Sets Equity Crowdfunding Record for Eureeca

Dubai-based equity crowdfunding platform Eureeca has set a platform record having raised $610,000 for UK based Homes or Houses. The funding round closed at 151% of its goal in under 30 days. Eureeca is a twice-regulated platform, having received licensing from the UK Financial Conduct… Read More

UAE’s First Peer to Peer Lender Beehive Has Facilitated Over $3 Million as SMEs Save on Lending

Dubai based Beehive, the first peer to peer lender to set up shop in the UAE, has announced surpassing AED 12 million in loans ($3 Million USD) to 25 SMEs. Beehive has been in business less than one year. According to the company borrowing businesses… Read More

Dubai based Beehive Launches Invoice Financing for All SMEs

The UAE’s leading peer to peer lending platform, Beehive, has launched a new funding service to assist SME’s in the region.  Invoice Financing is now available to ease cashflow issues for small companies. Beehive was launched in November 2014 by partners Craig Moore and Rick Pudner. Beehive facilitates… Read More

Australia’s mycause Hacked: Crowdfunding Platform Announces Security Breach

Australia-based crowdfunding and online fundraising organization, mycause, announced the credit cards of up to 12,000 donors and charity partners have been “compromised” when the platform was hacked last week. According to ABC News, an international hacking operation targeted the crowdfunding platform and some of the credit… Read More

Private Equity Consulting Firm Warns Against Crowdfunding

Grace Century, a private equity company based in the United Arab Emirates expresses “Concern” over US Crowdfunding Proposals. The team of Grace Century FZ LLC, an international research and private equity company based north of Dubai in the United Arab Emirates, has taken a stand… Read More

Event to stress ‘Crowdfunding’ the arts

SHARJAH: Maraya Art Centre – an initiative by the Sharjah Investment and Development Authority (Shurooq) – will be hosting an interactive evening focused on the global phenomenon that is revolutionising project financing – crowdfunding. Taking place on June 5, the event is being held in… Read More

Push to Grow Entrepreneurs in United Arab Emirates

Only 4% of bank loans go to SMEs in the United Arab Emirates (UAE), yet the government of the UAE is pushing their citizens to start businesses according to a comment in Gulf News. As with other parts of the world the UAE is recognizing… Read More

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