Archive

Dubai Virtual Asset Service Provider Licensing Registration Deadline is Over

This market notice is being issued by Dubai’s Virtual Assets Regulatory Authority (VARA) to highlight to all industry stakeholders, and consumers that the deadline for VA sector entities to engage in the regulatory licence application process has now elapsed. As

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UAE Digital Bank Liv Introduces New Digital Lending Solution

Liv, UAE’s digital bank launched by Emirates NBD, has launched a new digital offering. Till the end of 2023, eligible Liv customers can benefit from instant personal loans without any fees via the Liv app. The digital bank offers personal

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Swiss Digital Asset Company Taurus Expands to Dubai

Taurus, a Swiss fintech company regulated by FINMA in Switzerland, has recently announced its expansion into the Middle East with a new office located in Dubai. The company, known for providing institutional-grade digital asset infrastructure, has chosen Dubai for its

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Bahrain EDB Establishes Gateway to Asia With First Office in Singapore

The Bahrain Economic and Development Board (EDB) has officially revealed the establishment of its first Southeast Asia office in Singapore. This development aims to bolster Bahrain’s position as an attractive destination for investments, particularly for Singaporean businesses. The office will

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Roland Berger Teams with DFINITY to Transform Recycling with Blockchain-Based Credits

Roland Berger has recently embarked on an ambitious project in partnership with the DFINITY Foundation, a Swiss-based non-profit organization known for its contributions in the blockchain field and developing the Internet Computer. This collaboration aims to develop the first-ever global

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DIFC to Kick off Fintech World Cup at SFF 2023 With Pitch Competition

Global fintech startups seeking funding have the opportunity to participate in the Fintech World Cup (FWC), organised by the Dubai International Financial Centre (DIFC). Registration is currently open for an initial pitch competition that will take place tomorrow (17 November)

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Saudi’s Tamara Secures $250 Million Debt Financing

Tamara, a leading fintech platform to shop, pay, and bank in Saudi Arabia and the wider GCC region, has secured an additional up to $250 million in debt financing, bringing its total warehouse facility to up to $400 million. The

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Hong Kong’s Crypto Custodian Hex Trust Greenlit for Full License in Dubai

Hex Trust, Hong Kong’s institutional-grade digital asset custodian, has obtained a Virtual Asset Service Provider (VASP) license from the Dubai regulator VARA. Following its minimum viable product (MVP) operational license granted in February 2023, Hex Trust can now offer virtual

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Dubai Fintech Summit Returns in May 2024

Under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE and President of DIFC, the Dubai Fintech Summit returns for its

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Saudi Islamic Fintech Lynk Raised Capital to Introduce Additional Financial Products

In a move to reshape the fintech landscape in accordance with Islamic finance principles, LYNK has solidified its market position through a successful investment and the establishment of strategic partnerships with industry stalwarts Al Fozan Holding and Ramla Holding Group.

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