Dubai

IFC Turns Their Focus to Dubai with its Fintech Conference

Dubai International Financial Centre (DIFC) hosted its 6th annual International Finance Corporation (IFC) FinTech CEO Summit.  This is the first time IFC, a member of the World Bank Group, has held the event outside its Washington D.C. headquarters. The event gathered

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20 Innovative Fintech Solution Pilots Emerge from Middle East Accelerator Programme

FinTech Hive at DIFC, the first and largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region, marked another milestone in its continued support for financial innovation with the completion of the 2018 edition of its

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Dubai and Visa Sign MoU to Promote e-Commerce While Keeping Shoppers Safe

The Department of Economic Development (DED) in Dubai and its long-standing partner, Visa, have signed a Memorandum of Understanding (MoU) to help grow the UAE’s consumer e-commerce sector by encouraging more merchants to take their businesses online, and educating consumers on

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BEAM Wallet Acquired by Dubai Based Property Giant Majid Al Futtaim

Mobile wallet player BEAM was recently acquired by Majid Al Futtaim, a Dubai based property firm which owns and operates 23 shopping malls, 13 hotels and 4 mixed-use communities. The acquisition comes with full ownership of Beam’s IP rights, branding and

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Google Pay Is Now Available In Dubai and Abu Dhabi

Google announced the launch of Google Pay in the UAE, allowing people to pay simply and securely with their Android phones. It simplifies shopping by helping you pay safely in apps and on websites, in stores that support contactless payment, and across

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Smart Dubai and IBM to Offer First Government-Endorsed Blockchain Platform

Smart Dubai and IBM  announced the launch of the Dubai Blockchain Platform, the first government-endorsed blockchain platform-as-a-service in the United Arab Emirates (UAE). Delivered through an IBM Cloud environment and built locally in the UAE, the enterprise-ready platform will serve as a

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With US$12.2 Mil Investment, This Singaporean Robo Advisor is Setting Up Shop in Dubai

WeInvest, a Singapore-based digital wealth services and robo-advisory firm, announced that its next phase of expansion will be into the United Arab Emirates (UAE). WeInvest combines robo-advisory and software-as-a-service for banks, wealth and asset managers, insurance companies and independent financial advisors. WeInvest

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Deutsche’s DWS Acquires 15% Stake in Neo to Strengthen Middle East Presence

DWS Group a subsidiary of Deutsche Asset Management entered into a binding agreement to acquire 15% stake in Neo Technologies, a fintech firm operating in the digital asset management space within the MENA region. Neo Technologies operates a platform-as-as-service model

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Robo Advisor Sarwa is The First to Graduate Dubai’s Sandbox

After nearly 12 months of testing, robo-advisory firm Sarwa has become the first participant to graduate from the Dubai Financial Services Authority’s (DFSA) sandbox. Sarwa’s services much like most robo-advisor offers consumers automated investing that matches the user’s risk appetite

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Fintech in Dubai News Roundup

Over the past years, Dubai has been positioning itself as a leading fintech hub in the Middle East and North Africa region, supported by government initiatives to establish a favorable environment for financial innovation and attract foreign fintech players. As

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