India’s UPI digital payment makes foray into UAE
Indians traveling to the UAE will soon be able to utilize the local UPI in POS terminals across the Gulf region, showcasing the world's growing acceptance of the system.
Latest United Arab Emirates News
Middle East in strong position for AI innovation: report
The Middle East is positioning itself as a strong player in AI innovation, with the results of a Dell survey showing massive interest in integrating AI into business operations.
Dubai appoints 22 Chief AI Officers for government offices to streamline operations
The 22 newly appointed CAIOs will be deployed to different government agencies in Dubai, leading across several sectors, including health, security, and education.
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 Jez Mohideen confirming the addition of traditional assets.
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 risks such as disintermediation.
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 going to be a lot of discussions between the UAE and the US.”
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 AI experts to bolster the ranks of local and international firms.
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 proactive stance by approving the launch of a licensing regime for stablecoins in the Gulf nation.
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 language models as a key piece of the puzzle in promoting AI in the Middle East.
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 activity and a possibility of jail time.
UAE: Liv Digital Bank enters tokenization deal targeting Gen Zs
Liv Digital Bank partners with Ctrl Alt to explore tokenized real-world asset investing opportunities in response to the growing demand for alternative financial assets among the younger generation.
Binance’s Changpeng Zhao makes mockery of justice with four-month sentence
Last November, CZ and Binance reached a $4.3 billion settlement with the DoJ based on the exchange’s blatant violations of U.S. law that enabled money laundering, sanctions evasion and terrorist financing to a degree unmatched by other digital asset exchanges.