Tagged: dubai

November 13, 2025 @ 8:20 pm By Omar Faridi  |  

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

October 26, 2025 @ 11:46 pm By Michael Wong  |  

Al Baraka Bank Egypt said it signed a final agreement to acquire full ownership of Amlak Finance Egypt SAE from Amlak Finance PJSC of the United Arab Emirates, as the lender moves to expand in real estate mortgage finance and non-bank financial services after receiving… 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

July 30, 2025 @ 2:17 am By Omar Faridi  |  

In a recent move for the United Arab Emirates’ financial services sector, RAKBANK has become one of the first banks in the MENA region country to offer crypto brokerage services directly to retail customers through its mobile app. This milestone marks a step toward integrating… Read More

July 19, 2025 @ 11:15 am By Michael Wong  |  

Gordian Capital, Asia’s oldest and largest institutional fund platform with $17 billion in assets under management, plans to expand into Dubai, subject to regulatory approval from the Dubai Financial Services Authority. The Singapore-based firm intends to offer fund platform services in the Dubai International Financial… Read More

July 3, 2025 @ 1:36 am By Omar Faridi  |  

As the UAE gears up for another season of Dubai Summer Surprises (DSS), new data from Checkout.com reveals a sharp increase in digital spending during last year’s campaign, with signals pointing to even greater momentum this summer. The number of daily digital transactions in the… Read More

June 21, 2025 @ 7:25 pm By Michael Wong  |  

The University of Dubai, in partnership with the Artificial Intelligence Journalism for Research and Forecasting (AIJRF), has launched the Arab AI Researchers (AAIR) initiative, the first of its kind in the region aimed at embedding artificial intelligence into academic research and teaching across Arab universities…. Read More

June 19, 2025 @ 8:39 am By Omar Faridi  |  

Partners Group, one of the largest firms in the global private markets industry, expanded its presence in the Middle East with the opening of a regional headquarters in Abu Dhabi. Steffen Meister, Executive Chairman of the Board, Partners Group, comments: “Abu Dhabi is increasingly becoming… Read More

June 6, 2025 @ 4:49 pm By Omar Faridi  |  

Ctrl Alt, a tokenization infrastructure platform, has officially secured its license from Dubai’s Virtual Assets Regulatory Authority (VARA) to operate as a Virtual Assets Service Provider (VASP). Notably, Ctrl Alt claims it is the first VASP authorized to conduct issuer-related services. This milestone marks a… Read More

May 25, 2025 @ 3:28 pm By Michael Wong  |  

The Dubai Land Department (DLD) has launched the region’s first tokenized real estate investment project via the Prypco Mint platform, in a landmark step toward redefining property investment in the Middle East. The initiative, developed in collaboration with Prypco, VARA, the Central Bank of the… Read More

May 19, 2025 @ 7:07 am By Omar Faridi  |  

Ripple, the provider of digital asset infrastructure for financial institutions,  announced new clients in the UAE utilizing Ripple Payments. Ripple Payments employs blockchain, digital assets, and a global network of payout partners to “deliver reliable cross-border payments and on/off ramps for banks, crypto companies, 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 28, 2025 @ 7:19 am By Omar Faridi  |  

BitGo, the infrastructure provider of digital asset solutions, is pleased to announce that its Dubai subsidiary, BitGo Custody MENA FZE, has received a Virtual Assets Service Provider (VASP) operating license to provide Virtual Asset Custody Services and Staking, from Dubai’s Virtual Assets Regulatory Authority (VARA)…. Read More

April 11, 2025 @ 12:03 pm By JD Alois  |  

Institutional participation in crypto markets is key to their success and ability to scale. While many established institutions are already participating in this sector of finance, the growth will take some time. This week, global bank Standard Chartered and crypto exchange OKX revealed a partnership… 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

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

February 3, 2025 @ 4:12 pm By Michael Wong  |  

TeamSec, a company that claims to be the world’s first AI-powered securitization platform, has raised $7.6 million through a joint investment led by Deniz Ventures, the venture capital arm of DenizBank, and Doha-based Rasmal Ventures. The funding round, executed under the Emirates NBD Innovation Fund—the… Read More

January 13, 2025 @ 11:56 am By Omar Faridi  |  

HashKey Group, an end-to-end digital asset financial services group in Asia, announced that HashKey MENA FZE, a member of the HashKey Group, has received an In-Principle Approval (IPA) from the Dubai Virtual Assets Regulatory Authority (VARA) for its Virtual Asset Service Provider (VASP) license application…. Read More

January 10, 2025 @ 10:33 am By JD Alois  |  

Dubai-based Tectum has issued a statement claiming to be the “world’s fastest blockchain.” According to the company the ledger technology has a “theoretical peak” of 3.5 million transactions per second (TPS). Of course, this is not something that is immediately verifiable. Alexander Guseff, Founder and… Read More