UAE

BRICS has extended invitations to six nations for new membership, per the decision made at a summit held this week in Johannesburg, Arab News reported. On Thursday, South African President Cyril Ramaphosa announced that Argentina, Egypt, Iran, Ethiopia, Saudi Arabia, and the United Arab Emirates (...

Christian Borel, senior executive officer at SEBA Bank MENA, highlighted the stark differences in regulatory approaches between the United Arab Emirates (UAE) and the U.S. towards the burgeoning crypto industry. "What the United Arab Emirates (UAE) has built is unique: an efficient, solid...

As I started working on women entrepreneurship in 2011, I was fortunate to work with formidable Arab women entrepreneurs across the Middle East and North Africa (MENA). It was thanks to these women who I met between Saudi Arabia, Abu Dhabi, Lebanon, and Egypt that I was able to bring different...

CBDC is a digital form of a country’s sovereign currency designed to function as a digital equivalent of traditional banknotes and coins. More than 100 countries today are exploring the potential launch of a CDBC, while ten countries have already launched their digital currencies.  The...

The Hong Kong Monetary Authority (HKMA) and the Central Bank of the United Arab Emirates (CBUAE) have agreed to collaborate on cryptocurrency regulation and financial technology development, a move welcomed by experts, who say it is a positive development for the global cryptocurrency industry...

The CEO of Coinbase (NASDAQ: COIN), Brian Armstrong, and Murugesan were in the United Arab Emirates (UAE) during the last week to meet with officials, entrepreneurs in the Web3 and cryptocurrency industries, and clients. Armstrong had the chance to make his opening remarks in the Royal Highness...

Cryptocurrency derivatives exchange Bitget’s Managing Director Gracy Chen has expressed optimism about seeing progress on the policy front for the cryptocurrency industry over the coming years as policymakers “continue to understand” the challenges and opportunities...

Coinbase (NASDAQ: COIN) is engaging with regulators in the United Arab Emirates (UAE), namely the Abu Dhabi Global Market (ADGM), to expand the licensing and availability of its cryptocurrency exchange. Nana Murugesan, Coinbase VP of International and Business Development, predicts that this move...

The United Arab Emirates (UAE) Securities and Commodities Authority (SCA) has recently announced its intention to accept applications from businesses aiming to offer cryptocurrency services within the nation. This development comes as a result of the UAE Council of Ministers' decision to...

OPEC+, a consortium comprising 22 oil-producing nations, announced Sunday an unexpected production cut that will likely give a further boost to oil prices bouncing off their recent lows. What Happened: The combined cut announced by the oil consortium will be around 1.16 million...

India and UAE have signed a Memorandum of Understanding (MoU) to collaborate on developing digital currencies. What Happened: The Reserve Bank of India (RBI) and the Central Bank of the United Arab Emirates (CBUAE) signed the MoU in Abu Dhabi on Monday. The MoU focuses on exploring various emerging...

ByteDance Ltd, the Chinese parent of TikTok, was valued at $220 billion in a private-market investment by a company controlled by United Arab Emirates spymaster Sheikh Tahnoon bin Zayed Al Nahyan. What Happened: Sheikh Tahnoon acquired a stake, valued in excess of $100 million, from existing...

The U.S. and its European allies are lobbying the United Arab Emirates to halt exports of critical goods to Russia amid Vladimir Putin's unprecedented war in Ukraine.  What Happened: Officials from the West in recent weeks visited the middle-eastern nation to press the wide-ranging scope of...

The emirate of Ras Al Khaimah in the United Arab Emirates (UAE) is launching a free zone exclusively for digital and virtual asset companies called the RAK Digital Assets Oasis (RAK DAO). What Happened: The zone is designed to support emerging technologies such as blockchain, the...

The U.S. disputed Saudi Arabia and the U.A.E.'s joint claims on Thursday that the Middle-Eastern nations were involved in mediation efforts to release American basketball star Brittney Griner from detainment in Moscow. What Happened: The White House press secretary Karine Jean-Pierre...