Abu Dhabi
UAE Agri-Trade Fintech Maalexi Raises $3m in Pre-Series A
Maalexi, an UAE-based dynamic risk management platform for SME agri-businesses, announces its completion of a $3 million pre-Series A fund raise. The funding round was led exclusively by Global Ventures – MENA’s leading venture capital firm – which joins existing
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CBUAE Introduces Framework for the Regulation of BNPL
Acknowledging the global shifts in consumer financial trends and the increasing demand for “Buy-Now, Pay-Later” and similar credit products and services, the Central Bank of the UAE (CBUAE) announces the issuance of the newly amended Finance Companies Regulation. Under the
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Islamic Banks in the UAE Embrace Digital Innovation
In the wake of the COVID-19 pandemic, the financial sector, including Islamic banks in the United Arab Emirates (UAE), has swiftly adopted digital innovations including artificial intelligence (AI), e-learning and blockchain. These technologies are now playing a critical role in
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ADQ and Azerbaijan Sovereign Wealth Fund Form Joint Investment Platform
ADQ, an Abu Dhabi-based investment and holding company, and Azerbaijan Investment Holding (AIH), a strategic sovereign wealth fund located in Baku, have announced the formation of a joint venture with the aim of investing in sectors of mutual priority and
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Fundbot Raises $1.5 Million Seed and Targets UAE and Saudi
Fundbot, a Fintech startup that automates corporate lending and payments between banks, buyers, and sellers, announced today that it has raised a $1.5 million seed-funding round from MENA-based VC Hambro Perks Oryx Fund, with additional support from Aditum Investment Management
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Abu Dhabi Finance Week 2023 Wraps Up with Record 18,000+ Participants
The Abu Dhabi Finance Week (ADFW) wrapped up its 2023 edition after having successfully hosted more than 18,000 attendees from the financial sector. The event was held under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al
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Coinbase Asset Management Kicks Off Smart Contract Project Diamond in Abu Dhabi
Project Diamond, a smart contract-powered platform designed by seasoned asset managers for institutions to seamlessly create, buy, and sell digitally native assets, has launched with the execution of the first debt instrument on the platform, in preparation to enter the
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Indonesia and UAE Central Banks Expand MOU on Islamic Finance, Digital Innovation
The Bank Indonesia (BI) and Central Bank of the United Arab Emirates (CBUAE) have signed a Memorandum of Understanding (MOU) to enhance collaboration in various central banking sectors, including Islamic finance. This agreement, signed by BI Governor Perry Warjiyo and
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UAE’s 1 Trillion AED Goal In Sustainable Finance by 2030
Coinciding with the UAE’s hosting of COP28, the Central Bank of the United Arab Emirates (CBUAE), in cooperation with the COP28 Presidency, organised an event to facilitate global climate finance solutions and progress towards a sustainable future. During this global
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SGM Will Be Home of New USD30 Billion Altérra Climate Change Fund
Abu Dhabi Global Market (ADGM), one of the principal climate finance partners of COP28, announced it will be the home of the newly launched catalytic climate vehicle ALTÉRRA established by Lunate. It will be the world’s largest private climate investment
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