Dubai

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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Crypto, ICO Regulations Coming to the UAE in 2019

The Security and Commodities Authority (SCA), the United Arab Emirates (UAE) financial regulator, will introduce regulations for initial coin offerings (ICOs) by the end of the first half of 2019, a move aimed at providing company with an alternative, regulated

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FundedByMe Granted Approval to Start Operating in Dubai

Following the strategic growth of FundedByMe, aiming at becoming the most global crowdfunding platform, the platform announced today the final steps to launch its operations in Dubai for the UAE and the MENA region. An in-principle license has been granted conditional

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Blockchain-as-a-Service Launch In The Middle East

VeChain, a public blockchain platform focusing on enterprise adoption and BIOS Middle East, an UAE’s Managed Cloud Provider have signed a MoU to co-market and implement a framework of blockchain-as-a-service and blockchain-enabled cloud services. VeChain’s wide range of blockchain solutions

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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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