UAE CBDC strategy targets retail, wholesale applications
Projected to run for 12 to 15 months, the UAE's Phase 1 CBDC strategy will include the limited launch of the digital dirham and the completion of a previous project with India.
Latest United Arab Emirates News
Abu Dhabi sets up investment firm to achieve AI ambitions
UAE's newly formed investment company, MGX, has three core objectives to drive AI adoption and innovation—develop AI infrastructure, explore AI applications, and semiconductor manufacturing.
Serbia, UAE expanding AI use cases with new partnership
As AI applications soar in popularity, Serbia is looking to make a name of its own with help from the United Arab Emirates, striking a collaboration that will further explore localizing LLMs for other AI use cases.
Bridgewater Middle East begins digital asset operations in UAE, targets institutional investors
Bridgewater Middle East will operate as a conduit for United Arab Emirates-based enterprises seeking to pivot into digital currencies and blockchain, backed by Deus X Capital and Bridgetower Capital.
UAE’s blockchain ambitions will improve trade finance for SMEs
Currently, SMEs in the United Arab Emirates face a challenging task in securing trade finance, underscored by several issues like the presence of intermediaries, stiff penalties and interest, and an absence of trust.
AI innovation in the Middle East can match EU, North America, analysts say
While the Middle East is the leader in oil reserves, experts believe it will resort to a "follow the leader" approach to artificial intelligence, as the region faces multiple hurdles that stand in the way of innovation.
UAE records first digital dirham transaction via mBridge CBDC
The Central Bank of the United Arab Emirates initiated a 50 million dirham ($13.6 million) transfer to China at the tail end of January.
UAE sets up council to trigger AI development, innovation
The United Arab Emirates is catching up with technological advancements in the United States, China, and Europe, setting up an artificial intelligence (AI) council that will govern and create policies for the emerging market.
Here’s how blockchain is changing the face of commerce in UAE
As the United Arab Emirates pivots away from oil, it is keen on establishing itself as a global commercial hub, with experts citing blockchain integration as key to achieving its goals.
UAE adopts national approach to AI with focus on educating residents
UAE government officials are keen on equipping its workforce with advanced AI skills, and plans for upskilling its citizens were unveiled in the country’s National AI Strategy 2031 blueprint.
UAE lays out updated AML policy in compliance with FATF Travel Rule
The amended rules will apply to VASPs, banks, and designated non-financial businesses and professions while seeking to clarify the definition of digital assets and their use as a payment alternative.
Etihad Airways taps AI to improve flight safety protocols
Etihad Airways is integrating artificial intelligence for safety using TF-IDF , Google BERT, and Microsoft Azure, driven by partnership with MBZUAI for widespread AI adoption in airline operations.