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Venom Foundation has been registered as the first crypto foundation in the ADGM, with a license to operate a blockchain and issue utility tokens.

UAE’s Licensed 1st Crypto Foundation to Build an Infinitely Scalable Blockchain...

The project is generating attention in MENA due to its tremendous transactional management possibilities, higher security, and inbound governmental database projects. Venom Foundation has been...

Emirates NBD Launches Mega Foreign Exchange Customer Promotion

Cash prizes of AED 1 million each for two lucky winners, and 100 daily and 100 monthly winners Every foreign exchange transaction will give customers...

National Bonds: Savings Culture on Rise in the UAE

A  shift in savings behavior leads to one of the most profitable years for National Bonds Eight new millionaires were created in 2021, and savers...

UAE Banking Sector Poised for Growth in 2022

The top 10 UAE banks reported a 5 percent year-on-year increase in total assets worth AED 2,989 billion in 2021, and an increase of...

Hedge Funds Plan to Increase Data Services’ Outsourcing

79% of hedge fund and asset managers surveyed plan to increase outsourcing of data services A global survey of quant fund managers who collectively oversee...

Abu Dhabi Global Market grants In-Principle Approval for Binance

Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, has received its In-Principle Approval (IPA) for a Financial Services Permission (FSP) from the Financial...

Emirates NBD Launches IPO Subscription Website

Fully digital platform to support investor participation ahead of upcoming listings on DFM Individual investors to benefit from seamless, paperless journey from subscription to payment Real-time...

One in two Managers Already Testing Tokenised Assets

85% agree that financial service providers who are unprepared for mass tokenisation of assets risk being left behind More than half (52%) of fund managers...
In UAE, the Fintech sector continues to develop

UAE’s Fintech Landscape Continues to Boost Developments, Innovative Solutions

UAE reaches EMEA top ten Fintech deals list in H1’21, says KPMG’s Pulse of Fintech H1 2021 – EMEA report. In the United Arab Emirates...
Neeraj Gupta, CEO, Policybazaar UAE

Policybazaar, Al Etihad Credit Bureau to Run Real-Time Credit Score Eligibility...

PB Fintech FZ (‘Policybazaar UAE’), an online financial aggregator has entered into a technical/API integration with Al Etihad Credit Bureau (AECB) to implement real-time...

How Banking and Financial Software Are Changing The Game

Few industries are more complex or contain more moving parts than the financial and banking industries. On top of this complexity are higher stakes,...

Al Etihad Credit Bureau Completes System Integration with Dubai Courts

Al Etihad Credit Bureau (AECB) today announces it has started including court-ordered payment obligations from Dubai Courts in its Credit Reports, upon completing system integration...

DFM Cancels Minimum Trading Commission

Dubai Financial Market (DFM) today announced that the minimum trading commission will be waived as of 1st of September 2021, as part of its...
Record-Breaking VC Investment in Fintech in First Half Of 2021

Record-Breaking VC Investment in Fintech in First Half Of 2021

KPMG’s Pulse of Fintech reveals investment hit USD 98 billion. USD 98 billion in fintech investment (M&A, PE and VC) in H1’21, compared with USD...
Consumer appetite for digital banking services continues to grow in the countries of the Gulf Cooperation Council (GCC).

GCC Consumers Opt for Digital Banking Services Post Covid-19

77% of respondents in the GCC access digital banking services at least once a week. 44% are willing to switch to a different bank due...
The UAE will soon be home to GoFinance

Consumer Banking Marketplace Driven By Artificial Intelligence Launches in UAE

The soon to be launched disruptive marketplace will be an end-to-end solution catering to consumer banking, valuation and insurance needs in one ecosystem. The UAE...
Emirates Development Bank [EDB] today announced that it has signed an agreement with Beehive, the UAE’s first Peer-to-Peer lending platform.

Local Bank and Peer-to-Peer Platform to Offer Financing for SMEs

Emirates Development Bank , a key financial enabler of the UAE’s economic diversification and industrial transformation agenda, today announced that it has signed an...
The Ministry of Economy (MoE) held an extensive media briefing on the system for combating money laundering and more.

UAE – A Forerunner in Development of AML Systems; Business Sector...

Ministry organizes media briefing on anti-money laundering & ultimate beneficial owner procedures. The Ministry of Economy (MoE) held an extensive media briefing on the system...