Archive
First Islamic Bank To Go Live on the UAE KYC Blockchain Platform
Abu Dhabi Islamic Bank (ADIB) has become the first Islamic bank to go live on the UAE Know Your Customer Blockchain Platform, a national ecosystem for the exchange of verified KYC data between licensing authorities and financial institutions. Dubai’s Department
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Why AZUR Is the Answer to the New UAE Corporate Income Tax System
Foreign businesses registered in the United Arab Emirates (UAE) have long enjoyed a beneficial business environment, including virtually no taxes, 100% foreign ownership, and full repatriation of company profits and capital. The UAE remains a strong location for business, but
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7 Useful Tools Every Forex Trader Needs
New forex traders want to equip themselves with the best tools on the market to get the maximum from their trading business. Even long-time traders constantly look for new tools to add to their existing set and keep them ahead
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Saudi National Bank Enables JCB Card Acceptance at POS and ATMs
The Saudi National Bank (SNB) and Japanese credit card company JCB International has inked an agreement to enable the acceptance of the JCB Card at 306,351 POS and 3,088 ATMs across the Kingdom of Saudi Arabia. The partnership will allow
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UAE’s Ministry of Finance Aims to Reduce Startups, SMEs’ Corporate Tax Burden
The United Arab Emirates’ Ministry of Finance (MoF) announced that taxable persons that are resident persons can claim Small Business Relief where their revenue in the relevant tax period and previous tax periods is below AED3 million for each tax
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Turkey Fintech Sector Poised for Growth Amid Conducive Regulatory Environment
2022 was a record-breaking year for the Turkish fintech industry, which recorded increased innovation, rising fintech investments and continued effort from the government to foster the development of the sector. Moving forward, more initiatives will be hitting the market, paving
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e& to Acquire a $400m Majority Stake in Careem
e& announced the signing of a binding agreement with Uber and its subsidiary Careem to acquire a majority stake in Careem’s Super App spinout. Careem’s ride-hailing business will remain fully owned by Uber and continue to be available with all
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Saudi Licenses 24th Fintech Company
The Saudi Central Bank (SAMA) licensed “Rasid Payments Company for Financial Technology” to provide payment solutions through point of sales (POS). This addition brings the total number of payment companies licensed by SAMA to 24, in addition to six companies
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Republic Crypto Establishes its MENA Headquarters in the UAE
Republic Crypto, a global blockchain firm that provides end-to-end white glove advisory services to accelerate the best crypto companies from seed to liquidity, has expanded to the UAE with an aim to grow its presence and offer its services across
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UAE Central Selects Tech, Infrastructure and Legal Partners for CBDC Project
The Central Bank of the UAE (CBUAE) has launched its Central Bank Digital Currency (CBDC) Implementation Strategy in collaboration with R3, G42 Cloud and Clifford Chance. For Phase 1, R3 and G42 Cloud have been selected as the technology and infrastructure providers of the
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