Abu Dhabi

First Abu Dhabi Bank Taps Microsoft Azure to Accelerate Digital Shift

The United Arab Emirates’ First Abu Dhabi Bank (FAB) has announced a strategic partnership with Core42, a subsidiary of G42 specialising in AI solutions, to facilitate the transfer of its data center operations to the Microsoft Azure cloud platform. This

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Abu Dhabi Chamber Forms Working Group to Support Startups and SMEs in Abu Dhabi

The Abu Dhabi Chamber of Commerce and Industry (ADCCI) announced the establishment of a working group for startups and small and medium-sized Enterprises (SMEs), which will represent the interests of startups and SMEs registered in Abu Dhabi. This is a

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The Central Bank of UAE Announces its Digital Currency Strategy

In March 2023, the Central Bank of UAE (CBUAE) announced that it had begun its journey into the world of digital currencies. The project, which they coined the ‘Digital Dirham’, was to tackle the typical pain points of cross-border payments

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Kigali Financial Centre and Abu Dhabi Global Market Form Strategic Partnership

Kigali International Financial Centre (KIFC) and Abu Dhabi Global Market (ADGM) have signed a Memorandum of Understanding (MoU) establishing a comprehensive framework for collaboration between the two financial centres. The strategic collaboration was inked in ADGM’s Authority Building with an esteemed

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ADGM and Etihad Airways Form Collaboration

Abu Dhabi Global Market announced the signing of a Memorandum of Understanding with Etihad Aviation Group, aiming to spearhead initiatives that build on ADGM’s value proposition and further strengthen Abu Dhabi’s position as a preferred destination for regional and global

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Venture Debt Fund Stride Supports Hub71

Hub71, Abu Dhabi’s global tech ecosystem, and Stride Ventures, a venture debt fund, have partnered to support startups in Abu Dhabi. Through this partnership, Hub71 will leverage Stride Ventures’ expertise, to provide startups with access to capital and mentorship opportunities

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SC Ventures to Open Abu Dhabi Office, Led By Gautam Jain

Standard Chartered’s innovation and ventures arm, SC Ventures, plans to open an office in the Abu Dhabi Global Market (ADGM) to tap into the United Arab Emirates’s (UAE) technology ecosystem. With 30 years in banking technology, Gautam Jain will lead

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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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