Dubai

DIFC Partners with Singapore Blockchain Accelerator

Dubai International Financial Centre (DIFC),has reaffirmed its commitment to Asian FinTech partnerships and advancing the Centre’s FinTech ecosystem. DIFC has signed a Memorandum of Understanding (MOU) with Tribe Accelerator, the first Singapore government supported Blockchain accelerator, to collaborate on knowledge

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DIFC and Mashreq Bank Launch Instant Bank Account Opening with the Region’s First KYC Blockchain Platform

Dubai International Financial Centre (DIFC) and Mashreq Bank announced the region’s first blockchain data sharing platform, now live in production, to support licensed businesses and corporates opening digital bank accounts instantly. In continuation of the consortium formed back in July 2019

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UAE Leads MENA in Financial Inclusion: Research

Financial inclusion diverges across the Middle East and North Africa (MENA), with the United Arab Emirates (UAE) taking the lead and Morocco lagging behind, according to a new report by Fintech Consortium, Bahrain Fintech Bay, and Jordan Fintech Bay. In

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Digital Transformation Initiatives Drive MEA Growth: Crossing the $15 Billion Mark by 2023

Governments across the Middle East and Africa (MEA) spent a combined $12.8 billion on information and communication technologies (ICT) last year, according to the latest findings from International Data Corporation (IDC). The global technology research and consulting firm expects this figure

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Dubai Free Trade Zone Wants to Bring Sugar on the Blockchain

DMCC – the free zone and Government of Dubai Authority on commodities trade and enterprise – has signed a strategic membership agreement with Al Khaleej Sugar and Universa Blockchain that sees DMCC Tradeflow support the development of a new sugar

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6 Banks to Launch the First KYC Blockchain Consortium in UAE

Dubai Economy, along with Emirates NBD, Emirates Islamic, HSBC, RAKBANK, Abu Dhabi Commercial Bank (ADCB) and Commercial Bank of Dubai (CBD), has formed a consortium for sharing of verified KYC (Know Your Customer) data between banks and licensing authorities in

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A New Funding Accelerator Programme for Fintech Startups in the MEASA Region

DIFC’s FinTech Hive revealed the launch of a new funding accelerator programme for FinTech start-ups in the MEASA region. FinTech Hive Scale Up programme benefits scaleups by helping them grow through strategic partnerships and receiving investment resources through the DIFC FinTech

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Dubai Financial Centre Launches Seamless Digital Onboarding Platform

Dubai International Financial Centre (DIFC) announced the enhancement of its digital onboarding platform. In line with the DIFC’s continued emphasis on improving the ease of doing business, the new fully integrated digital platform offers a simplified onboarding process and enhanced

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UAE Sees Rapidly Expanding Blockchain Ecosystem

The blockchain ecosystem in the United Arab Emirates (UAE) is home to more than 120 blockchain companies and 40 government entities covering 200-plus initiatives, according to a new whitepaper by the World Economic Forum (WEF) produced in collaboration with the

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A Crypto Valley Collaboration in Dubai to Boost the Blockchain Ecosystem

DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – announced its strategic partnership with CV Labs in Switzerland, to launch Crypto Valley – the world’s largest ecosystem for cryptographic, blockchain and

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