Dubai

UnionPay, Abu Dhabi Islamic Bank to Enable Contactless Payments on NFC Terminals

Card company UnionPay International partners Abu Dhabi Islamic Bank (ADIB) to enable UnionPay card and contactless payment transactions on the bank’s 15,000 near field communications (NFC) terminals in the UAE. As a safer payment method during the COVID-19 pandemic, UnionPay International

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Singaporean Robo Advisor StashAway Expands Its Footprint to the UAE

StashAway, a South East Asian digital wealth manager, has launched in the Dubai International Financial Center (DIFC), a financial hub for the Middle East, Africa and South Asia (MEASA) markets. The platform is available to local and international clients in

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Dubai’s New Residency Program Targets Overseas Remote Workers and Digital Nomads

Dubai has launched a new one-year residency program targeted at overseas remote workers, digital nomads and their families. The so-called “virtual working” program gives these professionals the possibility relocate to the emirate and continue to work for their current overseas

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DIFC Innovation Hub Launched to Bolster Dubai’s Fintech Ecosystem

DIFC has launched its startup incubator dubbed as the DIFC Innovation Hub. Collectively, over 250 firms are able to work together to develop and introduce innovative solutions and business models that will redefine the future of finance with the aim

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Ripple Sets Up Regional Headquarters in Dubai

Dubai International Financial Centre (DIFC) announced that Ripple, the enterprise blockchain solution for global payments, has established its regional headquarters there. Ripple reportedly chose DIFC for its “innovative regulations, expansive network and reputation as a leading global financial center”. Cointelegraph previously

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Neobanks Make Inroads in the UAE

Though still a nascent industry in the United Arab Emirates (UAE), neobanking is steadily making inroads into the country. Last month, news broke that Abu Dhabi state-owned holding company ADQ will be setting up a digital bank in the United

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Fitze Converts Steps Into Coins for UAE’s Fitness Challenge

Fitze, United Arab Emirates’ (UAE) fitness rewards-based app, announced the launch of its challenge of 30 days 200k steps in line with the Dubai Fitness Challenge. Launched in 2017, the Dubai Fitness Challenge is an annual celebration of fitness and

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Dubai Startup Hub Kicks off Initiative to Put Startups on a Fast Track

Dubai Startup Hub, an initiative of Dubai Chamber of Commerce and Industry, has announced the launch of the Scale-Up Dubai programme. The programme is intended to aid fast-growing startups or scale-ups by providing in-depth knowledge, guidance and tailored support. Joining

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Seamless Awards 2020; Fintechnews.ae Shortlisted

The Seamless Awards is a leading awards series for the payments, ecommerce and retail industry in the Middle East. The following projects have been shortlisted and we are very happy that Fintech News Middle East was selected for the category

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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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