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Middle East

Dubai licensing approach seen to empower global AI, Web3 firms
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22 August, 2023

Dubai licensing approach seen to empower global AI, Web3 firms

Dubai offers 90% subsidies in a new licensing system for AI and Web3 firms in an attempt to foster innovation...
Saudi Arabia, UAE compete to buy Nvidia’s chip as global AI race heats up
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19 August, 2023

Saudi Arabia, UAE compete to buy Nvidia’s chip as global AI race heats up

Saudi Arabia and the United Arab Emirates are investing millions in the AI race purchasing breakthrough chips to build advanced...
UAE leverages blockchain to launch national carbon credit system ahead of COP28
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13 August, 2023

UAE leverages blockchain to launch national carbon credit system ahead of COP28

UAE’s MoCCAE, Industrial Innovation Group, and Venom Foundation will lead the carbon credits on the blockchain, improving the issuance and...
Oman moves closer to finalizing digital asset framework
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13 August, 2023

Oman moves closer to finalizing digital asset framework

The CMA is urging feedback from the public until August 17 about the proposed digital asset framework centered on regulating...
Hong Kong, Saudi Arabia team up for tokenization and payments research
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6 August, 2023

Hong Kong, Saudi Arabia team up for tokenization and payments research

The Hong Kong and Saudi Arabia central banks signed an MoU to study financial innovation to benefit their local economies,...
Kuwait issues blanket ban on digital currency transactions
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25 July, 2023

Kuwait issues blanket ban on digital currency transactions

The digital currency transaction ban is the government’s latest attempt to crack down on money laundering rings operating in Kuwait.
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