United Arab Emirates Archives

UAE sets sights on CBDC launch to improve local, cross-border payment under new scheme

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16 February, 2023

UAE sets sights on CBDC launch to improve local, cross-border payment under new scheme

While other countries choose whether to focus on a retail CBDC instead of wholesale, the United Arab Emirates is seeking...

Metaverse gets a boost in Saudi Arabia with The Sandbox partnership

Business

Wahid Pessarlay

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11 February, 2023

Metaverse gets a boost in Saudi Arabia with The Sandbox partnership

The memorandum of agreement was signed at the Leap Tech Conference 2023 in Riyadh between The Sandbox metaverse firm and...

Business

Steve Kaaru

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6 February, 2023

Kraken shuts down Abu Dhabi office less than a year after launch

Kraken also laid off some employees in the MENA region and suspended AED but maintains that clients in the region...

BTC miner Marathon Digital to launch $400M Abu Dhabi mining facility

Tech

Steve Kaaru

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3 February, 2023

BTC miner Marathon Digital to launch $400M Abu Dhabi mining facility

Marathon partnered with FS Innovation on the project, which it estimates will produce 250 MW of energy as it strives...

UAE expects digital assets to ‘play a major role’ in international trade

Business

Wahid Pessarlay

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26 January, 2023

UAE expects digital assets to ‘play a major role’ in international trade

UAE's Minister of State for Foreign Trade said that the country would be pivoting to digital assets in 2023 after...

UAE VC firms launch joint fund for Web3 ecosystem worth $1 billion

Business

Wahid Pessarlay

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16 January, 2023

UAE VC firms launch joint fund for Web3 ecosystem worth $1 billion

Venom Ventures Funds (VVF) describes itself as a “blockchain-agnostic” fund “determined to make a meaningful impact by leveraging its financial...

SmartLedger turns its attention to the Middle East, launches new hub in Dubai

Business

Wahid Pessarlay

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4 January, 2023

SmartLedger turns its attention to the Middle East, launches new hub in Dubai

The new hub, dubbed "Blockchain Smart Technologies," will operate as SmartLedger's subsidiary covering North Africa, The Middle East, South East...

SmartLedger expands footprint into Middle East

Press Releases

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30 December, 2022

SmartLedger expands footprint into Middle East

With the UAE's goal of becoming a global platform for innovative industries as well as Dubai's vision of becoming a...

Arab esports body wades into Web 3 via chess partnership

Business

Wahid Pessarlay

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2 December, 2022

Arab esports body wades into Web 3 via chess partnership

Checkmate has been named as Arab Esports Federation's official chess platform, a team-up that is expected to massively transform the...

UAE digital asset regulator revokes FTX’s operational license following implosion

Business

Wahid Pessarlay

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29 November, 2022

UAE digital asset regulator revokes FTX’s operational license following implosion

Dubai's VARA has revoked the regional operating license of FTX MENA Minimum Viable Product, while other VASPs in the country...

Abu Dhabi courts use blockchain to improve dispensation of justice—here’s how

Business

Wahid Pessarlay

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22 November, 2022

Abu Dhabi courts use blockchain to improve dispensation of justice—here’s how

Pivoting to distributed ledger technologies could change the face of legal proceedings in the country and the entire Gulf region,...

UAE central bank completes CBDC pilot, eyes international usage for cross-border payments

Business

Wahid Pessarlay

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30 October, 2022

UAE central bank completes CBDC pilot, eyes international usage for cross-border payments

Apart from improving cross-border payments, CBUAE’s governor noted that the pilot was also targeted at enhancing the local financial sector...

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