Strategic partnership between DMCC and VARA to develop infrastructure and framework for tokenised commodities, reinforcing Dubai’s position as a global digital asset hub. Collaboration to include pilot projects for the tokenisation of gold, diamonds and other commodities, alongside joint education initiatives to boost market awareness and investor protection Partnership will see cooperation on aggregated data […]
Change in billionaire’s country of residence disclosed in Companies House filing. Nik Storonsky, Revolut’s billionaire co-founder, has officially changed his residency from the UK to the United Arab Emirates, according to filings at Companies House. The changes were posted on the UK’s official corporate registry on Tuesday as an update to Storonsky’s family company information. […]
LONDON: The boom in US dollar-backed stablecoins, helped by Donald Trump’s crypto policies, could suck $1 trillion worth of deposits out of emerging economy banks in the next few years, a report from Standard Chartered estimates. About 99% of all stablecoins are pegged to the dollar, which economists say effectively makes them dollar-based bank accounts […]
UAE now has a payment partner that unlocks Africa’s growing economic opportunity. DUBAI, UAE: Verto announced its official launch in the UAE. With over $25 billion processed annually for clients such as Unilever, and Maersk, the company’s platform is designed to address the unique challenges of cross-border payments between UAE and emerging market currency corridors (particularly in […]
Malaysia grants Fasset a provisional license to operate as a Shariah-compliant digital bank. Fasset to offer asset-backed savings, zero-interest accounts, and global payments on-chain. The $5T Islamic finance market could see broader crypto integration through this model. Fasset, a digital asset investment platform, has been given a provisional banking license in Malaysia, clearing the way […]
The company now reaches customers in over 100 countries through its omnichannel platform, spanning e-commerce and physical retail Saudi Arabia will be the first GCC market where Touché Privé opens flagship stores, in partnership with one of the Kingdom’s leading retail groups Focused on women aged 20–45, the brand delivered 102% year-on-year growth in 2024, […]
Funding to back AI-powered platform to transform airport and airline operations with smarter, safer, and more sustainable solutions, while accelerating product portfolio extension and expanding EMMA’s global footprint MENA: EMMA Systems, an AI-driven SaaS platform that unifies real-time operational data across airports, airlines, and aviation stakeholders to drive efficiency, predictability, and sustainability, announced today, an investment […]
New Shariah-compliant funds mark Standard Chartered’s first UAE-domiciled products within its global offering. Dubai, United Arab Emirates – Standard Chartered announced today the launch of its Signature CIO Islamic Funds, introducing a new range of Shariah-compliant investment solutions designed to meet rising demand from regional and global investors. Leveraging the UAE’s position as a global hub […]
The MoU establishes a long-term collaboration to introduce a series of training, upskilling, and educational programs that address critical skill gaps and prepare Emirati talent for impactful roles in the financial sector. Abu Dhabi: Al Maryah Community Bank (Mbank), the UAE’s leading digital bank, has signed a Memorandum of Understanding (MoU) with ADGM Academy (ADGMA) […]
Residents cautioned that fake codes can steal passwords, bank details, and personal data. Dubai: Dubai Municipality has warned residents about hidden cyber risks linked to scanning unverified QR codes, cautioning that they can expose users to the theft of sensitive information such as passwords, bank card details and identity data. In a public awareness video shared on […]