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Middle East

Nvidia makes its move in the Middle East despite US trade restrictions
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28 June, 2024

Nvidia makes its move in the Middle East despite US trade restrictions

The new deal will allow Qatari-based telecommunication firm Ooredoo to offer its clients Nvidia’s AI and graphics processing technology in...
Nomura subsidiary Laser Digital obtains license to operate in the UAE
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26 June, 2024

Nomura subsidiary Laser Digital obtains license to operate in the UAE

The Nomura subsidiary may provide broker-dealer and fund management services to retail and institutional clients in the UAE, with CEO...
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...
DLT importance shoots up in 2024, but public blockchains’ market share dips: report
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25 June, 2024

DLT importance shoots up in 2024, but public blockchains’ market share dips: report

The report by ISSA revealed that the strategic importance of distributed ledger technology has increased by 9% in 2024, with...
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...
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