Abu Dhabi, UAE – M2 Capital Limited, the proprietary investment arm of M2 Group, a UAE-headquartered conglomerate with a diversified portfolio in digital asset solutions, has announced a $21 million strategic investment in the Nasdaq-listed AVAX One Digital Asset Treasury (DAT), which is focused on AVAX, the native token of the Avalanche ecosystem. This investment reflects […]
The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (DIFC), and the Virtual Assets Regulatory Authority (VARA), the specialist regulator responsible for regulating and overseeing the virtual assets sector in the Emirate of Dubai and its free zones excluding the DIFC, today signed a Memorandum of Understanding (MoU). The […]
Dubai, UAE: XBase Virtual Assets Broker & Dealer Services (XBase), a subsidiary of XBD Group, today announced that it has received In-Principle Approval (IPA) from the Dubai Virtual Assets Regulatory Authority (VARA) for a Broker-Dealer Services Licence. This approval marks the final stage before XBase begins operations, pending full authorisation — a pivotal milestone in the […]
Laser Digital – the digital assets arm of Nomura Group, will be launching Dubai’s first real-world assets (“RWA”) tokenisation pilot under VARA’s Asset-Referenced Virtual Assets Issuance Rules (“ARVA Framework”), giving professional and institutional investors access to its flagship Laser Carry Fund (LCF). Laser Digital has partnered with KAIO (formerly LibreCapital) as the on-chain partner and […]
TUNISIA – PAYDAY, a Tunisian fintech and insurtech startup, has successfully closed its first pre-seed financing round led by UGFS North Africa (United Gulf Financial Services), with participation from TALYS Group and BioProtection SA, valuing the company at $3 million. Founded in 2024 by Mohamed Anouar Gadhoum and Shaher Abbas, PAYDAY connects insurers, banks, and […]
Dubai: e& money, the fintech arm of e&, has announced plans to launch a partnership with PayPal to introduce account linking and instant withdrawals in the UAE. Once live, this collaboration will make e& money the country’s first and only digital wallet that links directly to PayPal, giving users access to their balances in UAE dirhams (AED) through the e& money app. When the service becomes […]
Casablanca, Morocco: Chari, the YC-backed startup founded in 2020 by husband-and-wife duo Ismael Belkhayat (ex-BCG) and Sophia Alj (ex-McKinsey), has closed a $12M Series A round—the largest Series A ever raised in Morocco. The round was led by SPE Capital and Orange Ventures, with participation from Verod-Kepple, Global Founders Capital, Plug and Play, Endeavor Catalyst, […]
Amidst 4,700% surge in AI-driven traffic to U.S. retail sites, new protocol enables safer agent-driven checkout by helping merchants verify agents and avoid malicious bots Cairo, Egypt – OCTOBER 15, 2025 – Visa Inc. (NYSE: V) today unveiled Trusted Agent Protocol, establishing a foundational framework for agentic commerce that enables secure communication between AI agents […]
UNITED ARAB EMIRATES, DUBAI: CME Group, the world’s leading and most diverse derivatives marketplace, today announced its expansion into the Middle East with the opening of a Dubai office. Located in Dubai International Financial Centre (DIFC), the firm will operate locally under a DFSA licence. The office will serve the rapidly growing regional demand to trade […]
SHARJAH: In conjunction with GITEX Global 2025, the Sharjah Finance Department (SFD) announced the launch of the innovative “PayFlex” system, which allows customers to pay government service fees in instalments without interest or additional charges. This initiative aligns with the Department’s efforts to advance digital payment solutions and support Sharjah’s ongoing digital transformation strategy by […]