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United Arab Emirates
UAE sets sights on CBDC launch to improve local, cross-border payment under new scheme
While other countries choose whether to focus on a retail CBDC instead of wholesale, the United Arab Emirates is seeking...
Metaverse gets a boost in Saudi Arabia with The Sandbox partnership
The memorandum of agreement was signed at the Leap Tech Conference 2023 in Riyadh between The Sandbox metaverse firm and...
Kraken shuts down Abu Dhabi office less than a year after launch
Kraken also laid off some employees in the MENA region and suspended AED but maintains that clients in the region...
BTC miner Marathon Digital to launch $400M Abu Dhabi mining facility
Marathon partnered with FS Innovation on the project, which it estimates will produce 250 MW of energy as it strives...
UAE expects digital assets to ‘play a major role’ in international trade
UAE's Minister of State for Foreign Trade said that the country would be pivoting to digital assets in 2023 after...
UAE VC firms launch joint fund for Web3 ecosystem worth $1 billion
Venom Ventures Funds (VVF) describes itself as a “blockchain-agnostic” fund “determined to make a meaningful impact by leveraging its financial...
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