Wahed Invest, a New York-based firm and the first fintech Islamic Economy startup has raised an additional $8 million this year from existing investors to accelerate development of a global savings solution and international expansion.
Education, Government
Preparing young Emiratis in AI is vital for UAE’s future, says minister
Omar Sultan Al Olama, UAE’s Minister of State for Artificial Intelligence, member of the Board of Trustees of Dubai Future Foundation and deputy managing Director, has revealed a new initiative that aims to equip the next generation of Emiratis with leadership skills.0 3650
EU leaders push proposal for digital tax
European Union finance ministers are set to discuss a watered down proposal on an EU-wide digital tax, according to a report by Reuters.
Dubai residents can soon pay school fees, bills via blockchain payment platform
Dubai citizens and residents will soon be able to make digital payments for school fees, bills and retail purchases with a stable, digital currency after a partnership between blockchain payment providers and emcredit – Dubai’s Credit Bureau.
Kuwait to fuel digital innovation market to reach more than $980 million
Kuwait, as part of its nationwide digital roadmap ‘New Kuwait 2035’, aims to drive the country’s digital innovation market to nearly $988.88 million this year.
Smart Dubai turns to blockchain to expedite government transactions
Smart Dubai Office (SDO) has launched the ‘Payment Reconciliation and Settlement’ System, which was developed in collaboration with the Dubai Department of Finance as a blockchain-powered upgrade to its financial system.
“Innovation is a focal point in Abu Dhabi’s plans,” says DED chair
Abu Dhabi’s Department of Economic Development (ADDED), and Abu Dhabi Global Market (ADGM) have signed a cooperation agreement to provide more integrated support for innovators and technology enterprises.
Saudi Arabia’s SABB joins global blockchain consortium
The Saudi British Bank (SABB) has joined enterprise software firm R3’s global blockchain ecosystem.
Dubai’s Blockchain Technology Capital launches ICO auditing services
ICO Watchdogs Smart Contract Auditing Service Tokengrade, audits smart contracts to ensure it is line with a startups whitepaper, as well as auditing the quality and security of the smart contract itself.
Global fintech experts to descend into Abu Dhabi
FinTech Abu Dhabi Summit 2018 will go ‘live’ in two more weeks with two full days of activities for fintech start-ups.
Standard Chartered pilots world’s first blockchain-based trade finance guarantees
Standard Chartered to introduce industry-first end-to-end blockchain-based smart guarantees proposition in trade finance.