Posts From Fintechnews Middle East

Dubai Endorses Local Telco du’s Blockchain Platform as a Service

du, from Emirates Integrated Telecommunications Company, EITC, has announced that the Smart Dubai has endorsed the telco’s Blockchain Platform as a Service, BPaaS. Hardly its first endorsement, Smart Dubai has also endorsed a Blockchain Platform as a Service by IBM

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Why Egypt’s Fintech Boom is Inevitable

Here are a few facts about Egypt. The country is home to 100 million people, making it the most populous nation in the Middle East and North Africa. Among these numbers, 84% of the people were unbanked in 2018. According

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Financial Innovation Summit Discusses Fintech Developments In Qatar and Beyond

Organised by BII World the Financial Innovation Summit launched yesterday at the Hilton Doha. The two-day event covered over 20 fintech experts explore on the latest trends, developments and emerging technologies in the banking sector in the region. The agenda

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Meet The 9 Startups Joining ADGM & Plug and Play’s Second Fintech Accelerator

Plug and Play, with Abu Dhabi Global Market (ADGM) have kicked off their second fintech accelerator and innovation program geared towards the Middle East market. For this year’s iteration, nine fintech startups from across the globe have been selected to

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Top 12 Fintech Startups in Israel to Keep an Eye On

Israel has long been the Middle East’s most prominent startup hub with the area around Tel Aviv having earned the nickname “Silicon Wadi” for its high concentration of high-tech companies. One industry in particular that has gained much traction in

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Egypt’s Central Bank Announces an EGP 1 Bil Fintech Fund and Regulatory Sandbox

The Central Bank of Egypt (CBE) will establish an EGP 1 billion innovations support fund to finance Egypt’s fintech startups—called the Central Bank’s Financial Technology Unit. The announcement was made by Ayman Hussein, Deputy Governor of the CBE at the Arab African

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Bahrain to Introduce Regulation for Robo-Advisors

The Central Bank of Bahrain has today issued the Directives on “Digital Financial Advice”, better known as robo-advisors to most. This was issued following an industry consultation process. Mr. Khalid Hamad, Executive Director of Banking Supervision,Central Bank of Bahrain said,

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20 Fintech Experts to Meet at Seamless Middle East 2019 in Dubai

On April 10 and 11, 2019, Seamless Middle East 2019 will bring together over 10,000 visitors, 400 speakers and 350+ exhibitors to the Dubai International Convention & Exhibition Center for one of the Middle East’s largest events dedicated to e-commerce

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Abu Dhabi’s Fintechs Joining This New Tech Hub Could Get a Cut from AED535 Mil Fund

The Abu Dhabi Executive Office just launched Hub71—a tech ecosystem bringing together the world’s tech investors and companies to achieve the Emirate’s goal of cultivating a vibrant tech startup system. The hub was designed for the government of Abu Dhabi’s

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A Glimpse into Fintech in Saudi Arabia

Experts are optimistic about the outlook for fintech development in Saudi Arabia, which they claim will be driven by the tech-savvy, young population, and favorable government initiatives and support. Islam Al Bayaa, head of advisory at KPMG Al Fozan &

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