DIFC has signed a Memorandum of Understanding (MoU) with Finance Innovation, France’s official innovation cluster for the financial industry.
Bitcoin hits new year-low as many tokens hit zero
Bitcoin declined 4.2 percent to $5,791 on Friday, the lowest level since November, according to Bloomberg composite prices. The cryptocurrency …
UAE banks collaborate to promote FinTech education
Emirates Institute of Banking and Financial Studies (EIBFS) in association with leading UAE banks and insurance companies, has launched the …
Facebook’s latest move a game-changer for cryptocurrencies
Facebook’s on Wednesday has reversed its controversial ban on cryptocurrency ads and will now allow some preapproved advertisers to promote crypto businesses and services, like exchanges.
Dubai DED strengthens support to e-Traders
The Business Regustration & Licensing (BRL) sector in the Department of Economic Development (DED), Dubai, has signed two separate agreements …
FinTech set to catapult GCC cybsersecurity market to $8 billion
Banking and finance security innovations in the UAE is set to drive the GCC’s cybersecurity market to $8 billion in 2018 as organisations optimise emerging technologies such as facial recognition. iris scans and crypto currency.
Workshop raises awareness on modern auditing practices in UAE
The State Audit Institution (SAI) has organised a workshop on modern auditing in the technological age, WAM reported.
UAE’s ADGM creates framework to regulate crypto assets
Abu Dhabi Global Market’s new framework will regulate crypto asset activities, including those undertaken by exchanges and other intermediaries in the finance hub.
Bahrain VC raises $100M to support Middle East tech startups
Bahrain Development Bank (BDB) has announced that the Al Waha Fund of Funds has successfully closed its $100 million fundraising round.
Over 60% of UAE consumers use unsecured WiFi when shopping online
The Department of Economic Development (DED) in Dubai and Visa have launched a consumer education campaign that aims to promote safe card usage and provide consumers with tips and advice to protect themselves against payment-related fraud.
DIFC bolsters Dubai’s FinTech ecosystem with new deal
Dubai International Financial Centre (DIFC) has announced its partnership with Startupbootcamp to support the development of the growing FinTech and venture capital ecosystem in the Centre as well as promote entrepreneurship in the region.
Federal Tax Authority connects users with tax firms
UAE’s Federal Tax Authority (FTA) has developed its e-services to include new features allowing taxable persons to link their accounts with an accredited tax agency.
UAE crypto firm first in MENA to receive regulatory sandbox licence
Palmex, a digital asset exchange powered by ArabianChain Technology, has become the first and only cryptocurrency exchange in the Middle East and North Africa to receive a Regulatory Sandbox License.
Technology a game-changer for Middle East M&A deals: experts
The fundamentals of merger and acquisition (M&A) deals in the GCC region have not been significantly affected by artificial intelligence (AI) and still rely on human cognition.