Dubai
A Review of Fintech Developments in Dubai and Abu Dhabi in 2019
The United Arab Emirates (UAE) is the largest fintech hub in the Middle East and North Africa (MENA), being home to more than 46% of all fintech companies in the region, and attracting most of fintech investments in 2019, according
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Singapore Fintech in Exclusive Middle East Partnership with UnionPay
MoovPay Global, a Singapore based Fintech, has signed an exclusive partnership with China’s UnionPay International (UPI) for cross-border cashless payment services in the Middle East. The partnership will allow businesses in the Arab world to use UPI’s range of payment
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National Bank of Fujairah To Set Up SME Banking Platform
Banking platform will serve as a unique digital space for SMEs to network and share know-how. National Bank of Fujairah (NBF) PJSC is building a dedicated banking platform for Small and Medium Enterprises (SME) in the UAE, providing access to
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Bankable Opens Middle East & Africa Hub in Dubai
Bankable, the global provider of “Banking as a Service” solutions, and Visa today announced a strategic collaboration within the Central and Eastern Europe, Middle East and Africa (CEMEA) region. Bankable aims to work with Visa to accelerate the digital capabilities
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Dubai Welcomes Global Payments Pioneer WorldFirst
Dubai International Financial Centre (DIFC) informed that WorldFirst comes to Dubai. UK headquartered WorldFirst was acquired by Ant Financial, the financial technology arm of Alibaba Group Holding Limited in February 2019. The expansion to Dubai with a representative office in
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MENA’s Only Regulated Real Estate Crowdfunding Investments Platform Launches
SmartCrowd Limited, a Dubai-based company and MENA’s first financially regulated real estate investments platform (REIP) has announced that the company has fulfilled all regulatory requirements and acquired a full license from the Dubai Financial Services Authority (DFSA), the independent regulator
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Dubai Just Launched a Virtual Company License. And It Costs US$233
Dubai has just launched the Dubai Virtual Commercial City (VCC), a program which enables entrepreneurs and freelancers who do not reside in the United Arab Emirates (UAE) to start a virtual company registered in Dubai. As part of the program,
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UAE Seeks to Gather Industry Feedback on Crypto Asset Draft Regulations
In line with its tireless efforts to regulate and develop capital markets operating in the United Arab Emirates, the Securities and Commodities Authority (SCA) has recently posted draft regulations concerning crypto assets on its website, www.sca.gov.ae. It, therefore, urges all
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5 Key Areas For UAE’s Bank to Keep Pace with Fintech
Analysis conducted by Bloomberg Intelligence based on a roundtable discussion with Dubai Islamic Economy Development Centre (DIEDC) found that banks in the United Arab Emirates need to streamline their core banking processes before engaging with fintech players. The analysis highlights
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Bahrain and UAE Leads Middle East’s Fintech Scene, Study Finds
In the Middle East, Bahrain and the United Arab Emirates (UAE) have emerged as fintech leaders, thanks to the supportive ecosystems these have managed to develop for fintech development. At the same time, their leadership positions are not guaranteed going
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