Abu Dhabi
The Financial Services Regulatory Authority of Adu Dhabi Launches 3 Regtech Initiatives
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) announced that it has launched three RegTech pilot initiatives, with the objective of helping its regulated financial services firms achieve better compliance and risk management outcomes, while reducing
Read More
ADGM Academy and Abu Dhabi School of Government Partner to Enhance Talent Development
Abu Dhabi Global Market Academy (ADGMA) signed an MoU with the Abu Dhabi School of Government (ADSG) to advance talent development in Abu Dhabi. The two will offer new specialised programmes within financial technology and artificial intelligence that adopt and impelement global
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More