Archive

DIEZ Launches AED500 Million Venture Capital Fund for Startups

Dubai Integrated Economic Zones Authority (DIEZ) announced the launch of a venture capital (VC) fund worth AED500 million. Launched in the presence of His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai, the fund

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Abu Dhabi Introduces Worlds First DLT Foundations Regime

The Registration Authority of Abu Dhabi Global Market (ADGM) officially released the Distributed Ledger Technology Foundations Regulations 2023, marking a significant milestone in the evolution of digital assets regulatory frameworks across the region and at an international level. This newly

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Unlocking the Future of Consumer Lending with AI and Automation

With the ever-evolving landscape of financial technology, consumer lending has never been more accessible and efficient – in large part, due to fintech innovation. With a global consumer credit market size of US$11 billion, rapidly growing middle classes in emerging

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DIFC Approves Ripple Under Its Virtual Assets Regime

Ripple announced that the Dubai Financial Services Authority (DFSA) has approved the digital asset XRP for use within the Dubai International Financial Centre (DIFC). Licensed virtual asset firms within the DIFC will now be able to incorporate XRP into their

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Standard Chartered Women in Tech: The Top 3 UAE Women Entrepreneurs in DIFC

Standard Chartered’s fifth cohort of the Women in Tech accelerator programme, launched in partnership with DIFC Innovation Hub, has awarded a total of USD 100,000 in equity-free seed capital to the top three female-led tech startups in the UAE. The

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Tabby Secures $200M in Series D Funding at $1.5b Valuation

Tabby, the MENA’s shopping and financial services app, has raised $200 million in equity financing led by Wellington Management. The equity financing drew additional participation from growth equity investor Bluepool Capital, in addition to existing investors STV, Mubadala Investment Capital,

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