Abu Dhabi

Abu Dhabi Islamic Bank Launches Direct eFX Execution Platform For Businesses

Abu Dhabi Islamic Bank (ADIB) has launched “ADIB Direct eFX”, a new addition to the business-focused digital banking platform providing a simple solution for clients to secure online foreign exchange rates for international transfers and payments. The platform allows clients

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Abu Dhabi Updates its Virtual Asset Regulatory Framework

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) announced the enactment of various amendments to the FSRA’s regulations and rules concerning the authorisation and supervision of virtual asset (previously crypto asset) related activities within ADGM. The

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UAE Leads MENA in Financial Inclusion: Research

Financial inclusion diverges across the Middle East and North Africa (MENA), with the United Arab Emirates (UAE) taking the lead and Morocco lagging behind, according to a new report by Fintech Consortium, Bahrain Fintech Bay, and Jordan Fintech Bay. In

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Over 1,000 Applications for First Artificial Intelligence Masters and PhDs in Abu Dhabi

The Mohamed bin Zayed University of Artificial Intelligence, MBZUAI, the first graduate-level, research-based AI university in the world, held its first official Advisory Board meeting to review ongoing activities as the University gears up to welcome its first class of

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Abu Dhabi Investment Office Invests in new Batch of Innovation and Fintech Startups

The Abu Dhabi Investment Office (ADIO) announced AED 60 million of investment in the latest batch of startups and fund managers applying to its Ventures Fund. The recipients, Securrency, TruKKer, Sarwa, YACOB and Okadoc, are innovation-focused companies that are either

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UAE Sees Rapidly Expanding Blockchain Ecosystem

The blockchain ecosystem in the United Arab Emirates (UAE) is home to more than 120 blockchain companies and 40 government entities covering 200-plus initiatives, according to a new whitepaper by the World Economic Forum (WEF) produced in collaboration with the

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A Review of Fintech Developments in Dubai and Abu Dhabi in 2019

The United Arab Emirates (UAE) is the largest fintech hub in the Middle East and North Africa (MENA), being home to more than 46% of all fintech companies in the region, and attracting most of fintech investments in 2019, according

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10 New Global Innovators Join Mohammed Bin Rashid Innovation Accelerator Program

The Mohammed Bin Rashid Innovation Fund (MBRIF), an initiative launched by the UAE Ministry of Finance to support innovation in the UAE, has selected ten local and global innovators for the Summer Cohort of the MBRIF Accelerator program. The ten

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The FinTech Abu Dhabi Awards 2019 Winners

They create an industry-wide, internationally recognised gold standard for excellence in the field of FinTech while promoting and supporting existing and emerging talent within the UAE and the wider MENA region. Judged by an expert panel of global FinTech luminaries

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UAE Seeks to Gather Industry Feedback on Crypto Asset Draft Regulations

In line with its tireless efforts to regulate and develop capital markets operating in the United Arab Emirates, the Securities and Commodities Authority (SCA) has recently posted draft regulations concerning crypto assets on its website, www.sca.gov.ae. It, therefore, urges all

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