Tag "Dubai International Financial Centre (DIFC)"

CFS DIFC Gets DFSA License to Offer Insurance Advisory Services

Insurance broker CFS DIFC has secured a license from the Dubai Financial Services Authority (DFSA) to advise on financial products and investments related to long term insurance contracts. The DFSA license also sees the company joining the Dubai International Financial

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CoverGo Expands to the Middle East With Noria Capital’s Investment

Insurtech CoverGo announced that it is expanding to the Middle East in partnership with insurtech fund Noria Capital following its US$15 million Series A fundraise earlier this year. The company’s Series A, which closed in May 2022, was led by

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Baraka Raises US$20M Series A Led by Peter Thiel’s Valar Ventures

Dubai-based trading app baraka has closed a US$20 million Series A round led by Peter Thiel’s Valar Ventures, with participation from investment advisory firm Knollwood. The company says that the funding will be used for regional licensing and expansion, as

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Report Details 11 Fintech Regulatory Sandboxes in MENA in 2022

The MENA Fintech Association’s (MFTA) Open Finance Working Group has published a new report on the rise of open banking and embedded finance in the Middle East and North Africa. The report found that regulators in the region have been

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Alpadis Group Secures DIFC License, Opens Second Office in Dubai

Swiss corporate services provider Alpadis Group has obtained a license to operate in the Dubai International Financial Centre (DIFC) and has opened its second office in Dubai. The group’s new office, based in the DIFC Gate Village, aims to serve

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DIFC Delegation Sees Exceptional Interest at The Singapore Fintech Festival

The Dubai International Financial Centre (DIFC) says that Dubai has continued to attract exceptional interest from financial technology firms, making fintech the centre’s fastest growing sector. The number of fintech and innovation firms joining DIFC in the first nine months

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Q9 Gets Provisional Approval to Establish a Regional Crypto Hub in Dubai

Crypto investment platform Q9 Capital announced that it has received provisional approval from Dubai’s Virtual Asset Regulatory Authority (VARA) to establish a regional hub in the UAE. Q9 is also in the process of applying for a full operating license

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DIFC and GEFI Partner to Prepare for UAE’s Hosting of COP28 in 2023

The Dubai International Financial Centre (DIFC) has entered a year-long partnership with the Global Ethical Finance Initiative (GEFI) ahead of next year’s United Nations climate change conference, better known as COP28. The partnership aims to drive commitment and action ahead

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Insurtech Wellx Partners With Google’s Fitbit to Gamify Health Insurance in the UAE

UAE’s wellness insurance platform Wellx has partnered with Google’s fitness wearable company Fitbit to incentivise insurees to stay healthy throughout the year. Wellx plans to connect their platform with Fitbit’s API and provide insurees with a complimentary Fitbit wearable to

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Amazon Launches Intellectual Property Accelerator for SMEs in the UAE

Amazon has launched an Intellectual Property (IP) Accelerator programme in the UAE to connect small and medium-sized enterprises (SMEs) with a curated network of IP law firms. The accelerator, which is available to any brand selling on Amazon.ae, aims to

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