Archive
Baraka Raises US$20M Series A Led by Peter Thiel’s Valar Ventures
Dubai-based trading app baraka has closed a US$20 million Series A round led by Peter Thiel’s Valar Ventures, with participation from investment advisory firm Knollwood. The company says that the funding will be used for regional licensing and expansion, as
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Report Details 11 Fintech Regulatory Sandboxes in MENA in 2022
The MENA Fintech Association’s (MFTA) Open Finance Working Group has published a new report on the rise of open banking and embedded finance in the Middle East and North Africa. The report found that regulators in the region have been
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Alpadis Group Secures DIFC License, Opens Second Office in Dubai
Swiss corporate services provider Alpadis Group has obtained a license to operate in the Dubai International Financial Centre (DIFC) and has opened its second office in Dubai. The group’s new office, based in the DIFC Gate Village, aims to serve
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Israel’s OurCrowd Launches AI Hub at ADGM’s Hub 71 With ADIO
Israeli venture investing platform OurCrowd announced plans to invest US$60 million in its Abu Dhabi operations with a new office and AI tech hub, enabled by the Abu Dhabi Investment Office (ADIO). The two new initiatives, which were announced during
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Invest Bank Moves to the Cloud With Temenos and Ndctech
UAE commercial bank Invest Bank has selected Swiss banktech company Temenos to take its digital and core banking services to the cloud, in partnership with IT service provider NdcTech. Invest Bank will adopt an end-to-end retail and wholesale banking solution
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Abu Dhabi Crypto Hub Launched on Third Day of Abu Dhabi Finance Week 2022
The third day of the inaugural Abu Dhabi Finance Week (ADFW), organised by Abu Dhabi Global Market (ADGM), was held under the overarching theme “Crypto Abu Dhabi”. Crypto Abu Dhabi focused on key topics including decentralised finance, cryptography, trading, cryptocurrencies,
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ADGM Academy Launches Digital Assets Curriculum With Binance
The Abu Dhabi Global Market Academy (ADGMA) has launched a School of Digital Assets in partnership with Binance Academy, Avnon Academy, and the Center for Finance, Technology and Entrepreneurship (CFTE). ADGMA’s new School of Digital Assets will offer foundation, intermediate
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MENA Fintech Awards 2022 Names the Region’s Best Fintech Companies
The inaugural MENA Fintech Awards organised by the MENA Fintech Association (MFTA) came to a close on 15 November with an awards ceremony hosted by the Abu Dhabi Finance Week (ADFW). The awards, organised in partnership with consulting firm Grant
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Binance Secures Financial Services Permission From ADGM’s FSRA
Binance has received a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to provide custody services to professional clients. The cryptocurrency platform previously received in-principle approval from the FSRA to be
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Israel’s Liquidity Group to Establish R&D Center in Abu Dhabi
Credit automation platform Liquidity Group has joined the Abu Dhabi Investment Office (ADIO) Innovation Programme and will establish an R&D center in the city, making it the first Israeli company to do so. Liquidity’s R&D center will focus on developing
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