Abu Dhabi
2022 in Review: Key Fintech Initiatives and Developments in the UAE
Over the past years, the United Arab Emirates (UAE) has emerged as a leading fintech hub in the Middle East and North African (MENA) region, a position it has secured thanks to its innovation-enabling regulatory environment, government support as well
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Central Bank of UAE Plans New Instant Payment Platform
His Excellency Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), chaired a meeting with the UAE banking sector CEOs and representatives of Foreign Exchange and Remittance Group in the UAE. The meeting highlighted the financial sector
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Etisalat Partners With Abu Dhabi Global Market to Digitally Enable Startups and Businesses
Etisalat UAE, branded etisalat by e&, has partnered with Abu Dhabi Global Market (ADGM), the capital’s financial centre, to provide digital solutions and products to all new tenants and startups, accelerating its digital transformation journey and vision to deliver the
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IFZA Free Zone Partners With Wio Bank to Provide Digital Banking Services
IFZA Dubai, an UAE international Free Zone, has entered into a partnership agreement with Wio Bank, the region’s first platform bank, to provide IFZA Free Zone companies with quick and convenient access to digital banking services and financial solutions. Through
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UAE Consumers Share Interest in Embedded Finance
Embedded finance is a booming trend that’s rising all over the world, a phenomenon that’s only expected to increase moving forward as consumer demand for financial services to be delivered at their point of need in an easy and quick
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The UAE’s Fast-Expanding Crypto, Blockchain Ecosystem Now Comprises 1400+ Stakeholders
The United Arab Emirates (UAE) has one of the fastest-growing cryptocurrency ecosystems in the world, home today to over 1,400 industry stakeholders comprising startups, professional services firms, academia and government offices that employ more than 7,000 people, a new report
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Bahrain, UAE and Saudi Arabia Recognized as Open Banking Leaders in the GCC
In the Gulf Cooperation Council (GCC), the open banking phenomenon is evolving at a rapid pace. Across the region, regulators are embracing the imperative aggressively, having acknowledged the potential of data sharing to improve customer experience and increase financial inclusiveness.
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Financial Innovation in Transferring Money From UAE & Holding Dirhams
Historically, the United Arab Emirates has seen significantly less financial innovation than the west. In part because most of the leading companies worldwide are based in the US and London, two countries that have a closer relationship with each other
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UAE’s AUM Ventures Launches US$30M Fund to Invest in Indian Startups
UAE venture capital firm AUM Ventures has launched its first US$30 million fund that aims to invest in early and pre-growth stage tech and consumer-focused Indian startups. The fund, which is regulated by the Abu Dhabi Global Market (ADGM), was
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Gulf Capital Gets ADGM In-Principle Approval for an Asset Management License
Private equity firm Gulf Capital has opened its new global headquarters in the Abu Dhabi Global Market (ADGM) and obtained in-principle approval for an asset management license from the ADGM Financial Services Regulatory Authority (FSRA). The company is also pursuing
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