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United Arab Emirates

AI innovation in the Middle East can match EU, North America, analysts say
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7 February, 2024

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"...
UAE records first digital dirham transaction via mBridge CBDC
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4 February, 2024

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...
UAE sets up council to trigger AI development, innovation
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30 January, 2024

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...
Here’s how blockchain is changing the face of commerce in UAE
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29 January, 2024

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,...
UAE adopts national approach to AI with focus on educating residents
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20 January, 2024

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...
UAE lays out updated AML policy in compliance with FATF Travel Rule
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30 December, 2023

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...
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