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United Arab Emirates

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...
UAE opts for US over China on AI collaboration
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23 June, 2024

UAE opts for US over China on AI collaboration

Omar Al Olama, the UAE’s Minister of State for AI, revealed the country’s stance in an interview, saying, “There is...
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...
UAE-made AI models could put Middle East at the heart of tech innovation: AWS exec
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7 June, 2024

UAE-made AI models could put Middle East at the heart of tech innovation: AWS exec

Kevin Miller, AWS Vice President for global data centers, points to the UAE and its string of locally developed large...
Block reward mining activity remains legal in UAE but not on farm lands
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28 May, 2024

Block reward mining activity remains legal in UAE but not on farm lands

Adafsa calls block reward mining on farms a misuse of land, threatening a hefty penalty for those involved in the...
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