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After Banning Crypto Saudi Arabia Plans Central Bank Digital Currency
After banning the trading of cryptocurrencies, Saudi Arabia is now developing a blockchain-based digital currency in collaboration with the United Arab Emirates (UAE). The central banks of the two countries are planning to run a pilot of a shared digital
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His Excellency Wesam Lootah to Present Keynote at IDC Middle East CIO Summit 2019 in Dubai
International Data Corporation (IDC) is delighted to announce that His Excellency Wesam Lootah, CEO of Smart Dubai Government Establishment and founding member of IDC’s CIO Advisory Council for the Gulf region, will deliver an honorary keynote address at the upcoming
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Digital Transformation Spending in META to Reach $40 Billion by 2022
The Middle East, Turkey, and Africa (META) region will see annual spending on digital transformation (DX) initiatives cross the $20 billion mark by the end of this year, according to the latest insights from International Data Corporation. The global technology
Read MoreUAE Tops The Global Charts with an All-in-One Payment Feature for its Citizens
Between accelerators, the development of fully digital banks and government initiatives, the UAE is in the midst of an exciting time in fintech. The government, entrenched financial institutions and the humble innovators are all working in tandem with a vision of bringing
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Brett King’s Moven and Almoayed Partner to Transform Digital Banking Across MENA
With the goal of empowering banks in the MENA region to lead the world in digital banking services, Almoayed Technologies, the Kingdom’s first officially confirmed Open Banking AISP/PISP, announced a strategic partnership with Moven Enterprise, the turnkey smart-banking technology platform
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Fintech and The Digital Banking Impact for Africa
The unique environment for financial services in Africa is fertile ground for innovative FinTech players who are not only disrupting but also building it from the scratch which is bringing Financial inclusions and attracting other investments across the continent. New
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Armed with $8 Million in Funding, yallacompare Launches Affordable Insurance
yallacompare, comparison site for financial products based in UAE and Dubai has recently announced the launch of their affordable life insurance product. According to the company, the product dubbed “Smart Term Life Insurance” can be purchased online within 5 minutes
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Where to Buy Cryptocurrencies in the UAE
Since the launch of the Bitcoin network in 2009, cryptocurrencies have evolved into a multi-billion-dollar industry. With around 12,000 exchange marketplaces where cryptocurrencies such as bitcoin, ether and others are traded, according to cybersecurity company Carbon Black, the cryptocurrency market
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7 New Fintechs to Join Dubai’s Regulatory Sandbox
The Dubai Financial Services Authority (“DFSA”) announced the acceptance of seven new firms into its cohort process, which permits companies to apply for an Innovation Testing Licence (“ITL”). The ITL forms part of the DFSA’s commitment to support innovation and the development
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Telenor Microfinance Bank Embraces Alipay’s Blockchain Tech for Remittance
Telenor Microfinance Bank, in partnership with Valyou Malaysia, has introduced Pakistan’s first blockchain-based cross-border remittance service using blockchain technology developed by Alipay, the online payment platform operated by Ant Financial Services Group (“Ant Financial”). The blockchain remittance service is provided
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