Latest World News
News from all over the world
UAE Rolls Out Digital Dirham Project, First Phase to End by Mid-2024
The Central Bank of UAE (CBUAE) has engaged G42 Cloud and enterprise blockchain firm R3 as the infrastructure and technology providers respectively for its Central Bank Digital Currency (CBDC) implementation. The regulator indicated its readiness to embark on this venture
Read More
Dubai Sets up Venture Building Platform ‘DIFC Launchpad’
The Dubai International Financial Centre (DIFC) has launched its venture building programme ‘DIFC Launchpad’ to promote the growth of innovative startups and scale-ups in the region. The DIFC Launchpad programme expects to support the launch of more than 200 new
Read More
Sygnum Bank Middle East Launches in Abu Dhabi
Sygnum Bank Middle East has received a Financial Services Permission (FSP) from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA), following its in-principle approval in October 2022. Seasoned Middle East Executive, Giulia Finkbeiner-Bertoni, leads Sygnum’s operations across
Read More
Lebanese Fintech Purpl Ties up With Mambu, AWS to Launch Its Digital Wallet
Purpl, a Lebanese remittance and cash out aggregator, announced that it has gone live on Mambu’s cloud-native banking platform to launch its digital wallet offering. Having secured its digital wallet license, Purpl was able to deploy the digital wallet powered
Read More
Crypto.com Secures Preparatory License From Dubai Regulator
Crypto.com announced that it has received its MVP Preparatory License from Dubai’s Virtual Assets Regulatory Authority (VARA). This follows the initial provisional approval that the crypto exchange had secured from VARA in June 2022. The MVP Phase, in its preparatory stage,
Read More
UAE and India to Test Cross Border Use Case of CBDCs
The Central Bank of the United Arab Emirates (CBUAE) and the Reserve Bank of India (RBI) have signed a Memorandum of Understanding (MoU) to enhance cooperation and jointly enable innovation in financial products and services. Under the MoU, the two
Read More
Qatar National Fintech Strategy Seeks to Triple Number of Licensed Fintechs by 2027
Launched on 7. March by the country’s central bank, the Qatar Fintech Strategy 2023 is looking to turn the nation into a technologically advanced state and a fintech powerhouse, with the broader ambition of boosting economic growth and making Qatar
Read More
23 Fintech Events in the Middle East to Attend in 2023
The fintech industry in the Middle East and North Africa (MENA) region has grown considerably over the past couple of years, driven by supportive government initiatives, a demographic which offers huge opportunities and booming venture capital (VC) funding activity. Amid
Read More
VMware Cloud on AWS Is Now Available in Bahrain
VMware, an American cloud computing and virtualization technology company, announced that the VMware Cloud services on AWS is now available in Bahrain. The service, which launched in February in the AWS Middle East (Bahrain) region, will help customers in Bahrain
Read More
Oddle Uses Tap to Pay on Android, SUNMI to Provide Diners a Simple Payment Experience
Oddle helps restaurants manage and grow their business through an all-in-one online and in-person ordering system that allows restaurants to deliver easy-to-use experiences to their customers. The omnichannel platform partners with SUNMI for Android payments hardware and Stripe for payments
Read More