Dubai
77 % Of IT Leaders in the UAE Claim Their Digital Infrastructure Is Prepared for AI Technology
More than three out of four IT leaders surveyed in the UAE (77%) say their existing IT infrastructure is prepared for the demands of artificial intelligence (AI) technology, as the country experiences widespread adoption across industries, according to the Equinix
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Tabby Increases Debt Facility to $350M
Tabby, the MENA’s shopping and financial services app, has successfully closed a new financing round resulting in upsizing its debt facility to $350 million, over a 2X increase since its last debt raising announcement. The round involved the participation of
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UAE Emerges as Crypto Powerhouse in MENA, Home to 1,800+ Industry Stakeholders
The United Arab Emirates (UAE) is home to one of the largest cryptocurrency hubs in the Middle East and North Africa (MENA), an expansive ecosystem which, as of March 2023, comprised more than 1,800 industry organizations encompassing crypto projects and
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Emirates NBD Bank Forms Digital Asset Lab in Cooperation with Fireblocks
Emirates NBD Bank has publicised a pioneering partnership with PWC and digital asset custodian Fireblocks, inaugurating its Digital Asset Lab. Both PWC Middle East and Fireblocks are set to serve as foundational council members. Emirates NBD declared on LinkedIn, “This
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Emirates Islamic Offers new Startup Accounts for UAE SME’s
Emirates Islamic has launched the new Emarati Absher Business Account designed exclusively to provide a comprehensive suite of premium banking solutions for Emarati startups in the UAE. The new business banking proposition aligns itself with the UAE’s strategy to support
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TWIG Raises Pre-seed Round, Secures DFSA License
TWIG Solutions (TWIG), a financial technology startup based out of Dubai International Financial Centre (DIFC), has received an Innovation Testing License (ITL) from the Dubai Financial Services Authority (DFSA). The ITL enables TWIG to test and develop their products and
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IFZA and Mashreq Announce Partnership
IFZA Dubai, an UAE international Free Zone, announces the signing of a memorandum of understanding (MoU) partnership with Mashreq, one of the leading financial institutions in the MENA region, to provide IFZA Free Zone Licensees and Professional Partners quick and
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RAKBANK Enables Digital Onboarding for In-App Credit Card Applications
The National Bank of Ras Al Khaimah (RAKBANK) has rolled out a new digital on-boarding solution that allows customers to apply for its credit card digitally. Any UAE resident over the age of 18 can apply for a credit card
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Standard Chartered to Launch Digital Asset Custody Services in the UAE
Standard Chartered signed a memorandum of understanding (MoU) with Dubai International Financial Centre (DIFC) to collaborate on digital assets, including digital asset custody. Subject to regulatory approval, Standard Chartered plans to launch digital asset custody services, starting in DIFC and
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DBS Mulling Dubai Expansion to Scale up Middle East Presence, Says Piyush Gupta
DBS Bank’s CEO Piyush Gupta said that the financial firm is mulling expansion plans in Dubai, according to a Bloomberg report detailing his interview with Yousef Gamal El-Din at the Dubai Fintech Summit. He added that the bank is “revisiting the
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