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Middle East

CBDCs can improve cross-border payments, financial inclusion in the Middle East: IMF
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25 June, 2024

CBDCs can improve cross-border payments, financial inclusion in the Middle East: IMF

IMF says Middle Eastern and Central Asian countries can significantly benefit from CBDCs but urges caution as they come with...
DLT importance shoots up in 2024, but public blockchains’ market share dips: report
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25 June, 2024

DLT importance shoots up in 2024, but public blockchains’ market share dips: report

The report by ISSA revealed that the strategic importance of distributed ledger technology has increased by 9% in 2024, with...
UAE, Samsung MoU aims to promote AI learning and adoption
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21 June, 2024

UAE, Samsung MoU aims to promote AI learning and adoption

The United Arab Emirates and Samsung's first aim is to increase AI adoption metrics, while the second revolves around providing...
UAE central bank approves dirham-backed stablecoins
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11 June, 2024

UAE central bank approves dirham-backed stablecoins

Aware of its potential to destabilize the financial ecosystem, the Central Bank of the United Arab Emirates is taking a...
Dubai financial regulator amends digital asset rules for service providers
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7 June, 2024

Dubai financial regulator amends digital asset rules for service providers

The new rules urge firms to clearly separate customers’ funds from proprietary assets as an added layer of protection during...