Dubai

Open Banking Platform Tarabut Launches in Abu Dhabi and Dubai

Bahrain-based Tarabut Gateway has expanded to the United Arab Emirates with the launch of its open banking platform in the country. The company has simultaneously opened two new offices at Abu Dhabi’s global tech ecosystem, Hub71 and Dubai’s DIFC FinTech

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An AI-Based Real Estate Lending Platform for Dubai’s Financial Institutions

Dubai-based Global Property Finance, provider of real estate financing solutions, aims to launch its cloud-based lending platform based on AI for financial institutions. The platform will purportedly simplify the borrowing experience. GPF looks to use AI for borrowers and lenders

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DIFC and Dubai Future Foundation to Boost Blockchain and AI-Driven Startups

Dubai International Financial Centre (DIFC) signed a Memorandum of Understanding (MoU) with the Dubai Future Foundation (DFF) for a technology acceleration programme, to identify and support blockchain and AI-driven start-ups from the region. The MoU also outlines plans to introduce

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Leading Swiss Wealthtech Additiv Targets Middle East Expansion

additiv, a global SaaS provider to the wealth management industry, today announces the opening of a new office in Dubai as well as the appointment of a Managing Director for UAE, as it seeks to expand its footprint in the

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DIFC Launches New License for Tech Startups and Entrepreneurs

The Dubai International Financial Centre (DIFC), a special economic zone in Dubai and a financial hub for the Middle East, Africa and South Asia (MEASA) markets, has launched a new license for startups, entrepreneurs and technology companies. The Dubai Innovation

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Dubai Pushes Region’s First Digital Security Capital Raise

Dubai International Financial Centre (DIFC) has announced that investment banking and wealth management firm GRIP is undertaking a fully digital capital raise for Lead Real Estate, a Tokyo headquartered residential and commercial developer, this month. DIFC’s regulations, laws and structures

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Dubai’s Sandbox Sees The Largest Number of Application to Date

The Dubai Financial Services Authority (DFSA) announced that it has accepted 16 firms into its 2020 Summer Innovation Testing Licence (ITL) Cohort. The ITL programme provides a unique environment that helps firms to test innovative solutions in and from the

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Commercial Bank of Dubai and Thunes Partner to Offer Real-Time International Remittances

Commercial Bank of Dubai, one of the leading national banks in the UAE, and global cross-border payment provider Thunes announced a partnership that will facilitate real-time cross-border transaction flows between the UAE and the rest of the world. Through this

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UAE Consumers Go Cashless as Trust in Digital Payments Surges Amid COVID-19

Dubai Police, Dubai Economy (DED), and Visa released findings of a survey on the impact of COVID-19 pandemic on payment behavior of consumers in the UAE. The survey also looks at consumers’ general views, preferences and concerns related to digital

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Upcoming Neobank Jingle Pay Promises Seamless Digital Onboarding, Multi-Currency Accounts, and More

COVID-19 continues to spread across the United Arab Emirates with now 43,364 confirmed cases, including 295 deaths, according to the latest data from the Johns Hopkins University. But besides the human cost, the impact of COVID-19 is also being felt

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