The move, according to the report, is part of a drive to develop a fintech sector in the Arab world’s biggest economy under reforms designed to reduce reliance on oil.
Accelerating creative minds: FinTech Hive receives huge response this year
FinTech Hive has received an overwhelming response of over 300 applications that were created from all around the world – triple the number of applications received in 2017.
Dubai’s ArabianChain to create smart contracts for sukuk products
Dubai-based blockchain startup ArabianChain Technology has signed a joint venture with Dubai-and-London-based innovation firm Curiositas to create Wethaq.
Dubai forum to spotlight the future of banking
The forum will also examine why sustainable finance is the future, and shed light on the region’s strong affinity towards sustainable banking.
Dubai ideally positioned to serve as ‘beating heart’ of regional FinTech hub
The report, titled “The Case for an Innovation Hub to Facilitate MEASA Financial Inclusion”, reveals how Dubai is strategically positioned to facilitate development of digitally enabled financial solutions for the region.
Dubai promotes fintech innovation with new partnership
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.