Abu Dhabi

Al Hilal Bank Just Made Their First Islamic Sukuk Sale on Blockchain, Worth US$1 Mil

Al Hilal Bank has executed the world’s first sukuk transaction on a blockchain ledger. The state-owned Islamic bank used a DLT ledger for the resale and settlement of an Islamic sukuk—a small portion of a US$500 million five-year sukuk that

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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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ADGM Signs MOU with Central Bank of Bahrain to Promote Fintech

Central Bank of Bahrain seems going on partnership spree this as week as they sign yet another MOU with Abu Dhabi Global Market following their earlier partnership agreement with the Monetary Authority Singapore. The agreement was signed in Manama, Bahrain

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Emirates NBD Embraces Open Banking Through API Sandbox

Emirates NBD is jumping in on the open banking bandwagon through its debut of an API sandbox. The platform consists of over 200 APIs and 900 endpoints covering retail, corporate and SMEs. The API Sandbox makes Emirates NBD more accessible

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Abu Dhabi Enables All Government Payments Through ADPay

The Abu Dhabi Smart Solutions and Services Authority (ADSSSA) formally launched its  ‘Abu Dhabi Government Digital Payment platform’ (ADPay). Launched in collaboration with the First Abu Dhabi Bank (FAB), the platform aims to facilitate simplified digital payment mechanisms for both

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5 Blockchain Startups in the UAE to Watch Closely

The United Arab Emirates (UAE) is making strides to become a leader in blockchain technology enriching the blockchain UAE scene with vibrant projects. The Dubai government is currently working with 20 blockchain projects and has made partnerships with IBM and

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Etihad Airways Goes Fintech with New Loyalty Payment Solution

Etihad Airways, the second largest airline of the United Arab Emirates, teamed up with US payments startup Modo to co-develop a new loyalty solution for the airline industry. The solution, which focused on the redemption of Etihad Guest Miles, was

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ADGM Partners with Two Major Telcos — Here’s What the Partnership Entails

Abu Dhabi Global Market (ADGM), the international financial centre, has gone into an agreement with two major telcos in the region namely; Etisalat and Du. Both MoUs were signed during the 2018 FinTech Abu Dhabi Summit by ADGM held under

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United Arab Emirates: Scrutinizing ICOs Regulations

Not only United Arab Emirates (UAE) have beeen recently scrutinizing this new financing mechanism, but they have as well recognized sold tokens as securities. Will this further step be the right one for the cryptosphere based in these new dynamic

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Meet The 10 Startups Accepted into ADGM’s RegLab

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has approved its third batch of Regulatory Laboratory (RegLab) participants in its bespoke regulatory framework. RegLab allows successful applicants to test their products according to regulatory requirements tailored

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