MENA News
Discover the latest blockchain and crypto news from the MENA region, including updates from Dubai, Abu Dhabi, Bahrain, Qatar, and Oman, covering trends, regulations, and developments shaping the industry
U.S. tech giant Microsoft has announced the launch of a new fund dedicated to advancing responsible artificial intelligence (AI) development in Abu Dhabi, United Arab Emirates. The announcement came just a day before the AI Summit in Paris, where Microsoft emphasized that the initiative aims to strengthen responsible AI standards and implement best practices across the Middle East and globally. The project will be carried out in collaboration with UAE-based…
Read More »Retail banking, once the foundation of global financial institutions, is undergoing a dramatic transformation. Traditional banks are reducing their retail footprint, shifting towards wealth management and investment banking. This retreat is driven by increasing competition from local banks, which in turn are feeling the pressure from neobanks and fintech firms. Open banking regulations have accelerated this shift, enabling fintech startups to challenge traditional banks’ dominance by offering more agile, customer-centric…
Read More »Tungsten Custody Solutions Ltd, a regulated digital asset custodian operating under the Abu Dhabi Global Market (ADGM), has announced a strategic collaboration with MANTRA (OM) to enhance institutional digital asset custody. The collaboration strengthens Tungsten’s institutional-grade custody services, providing a compliant and secure solution for institutional clients seeking to safeguard OM tokens. Strengthening Institutional Access to MANTRA (OM) & MANTRA Chain By integrating with MANTRA’s ecosystem, Tungsten Custody is offering…
Read More »Tether, the issuer of the world’s largest stablecoin USDT, has announced a collaboration with Reelly Tech, a blockchain-based transaction infrastructure provider, to explore real estate solutions in the UAE. This partnership aims to enhance digital asset integration within the real estate sector, leveraging blockchain for more efficient and transparent transactions. Blockchain’s Role in UAE Real Estate The UAE has been at the forefront of blockchain adoption, with regulatory frameworks supporting…
Read More »RAK Digital Assets Oasis (RAK DAO), a free zone for digital assets companies located in the emirate of Ras Al Khaimah, has launched its inaugural accelerator program – Builder’s Oasis. With a funding pool of USD$2 million, this program is designed to support Web3 startups in the gaming, AI, and blockchain infrastructure sectors.The program aims to attract over 150 global applicants, with high-potential startups to be shortlisted. Select participants are…
Read More »The Central Bank of the UAE (CBUAE) and the Economic Security Centre of Dubai today signed a Memorandum of Understanding (MoU) to strengthen cooperation and information sharing in combating financial crime. This aims to achieve the strategic objectives of both parties, bolster confidence in the UAE’s financial system, and consolidate the country’s leading global position. H.E Khaled Mohamed Balama, Governor of the CBUAE, witnessed the signing ceremony of the Memorandum…
Read More »The Ministry of Energy and Infrastructure (MoEI) has teamed up with Shiba Inu to advance next-generation Web3 solutions in energy, infrastructure, and beyond. This collaboration marks a significant step in MoEI’s ongoing efforts to solidify its position as a global leader in digital transformation. The partnership leverages Shiba Inu’s diverse Web3 technologies to enhance public service efficiency, improve green infrastructure, and develop citizen-focused governance models. At the heart of the…
Read More »LCT, a pioneering fintech company based in Dubai, proudly announces its inclusion in the Public Register of the Government of Dubai’s Virtual Assets Regulatory Authority (VARA). The company has received In-Principle (Non- Operational) Approval for a Virtual Asset Service Provider (VASP) license. This milestone marks a significant step in LCT’s journey toward full compliance with VARA’s stringent regulatory standards. The In-Principle Approval underscores LCT’s commitment to adhering to VARA’s forward-thinking…
Read More »Etihad Credit Insurance (ECI), the UAE’s federal export credit company, has become the first insurance sector entity to join the KYC Blockchain Platform, an initiative led by the Dubai Department of Economy and Tourism (DET). This milestone aims to enhance ease of doing business, improve KYC compliance, and elevate customer data quality while fostering the platform’s growth as a trusted digital ecosystem. Her Excellency Raja Al Mazrouei, CEO of ECI,…
Read More »Klickl, a UAE-based Web3 financial platform, has announced a strategic partnership with IMKAN Properties, a leading real estate developer in Abu Dhabi, to facilitate property purchases through cryptocurrency payments. The collaboration aims to transform real estate transactions by introducing an innovative financial model that enhances accessibility for both regional and international buyers. By integrating Klickl’s cryptocurrency payment processing system, IMKAN seeks to offer secure, efficient, and flexible payment solutions, catering…
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