Dubai

Dubai’s property market is transforming as crypto millionaires, bankers from Asia, and wealthy Russians seeking to shield assets move in. Data shows that the influx of these high-net-worth individuals has...

The Central Bank of the UAE (CBUAE) has launched the Financial Infrastructure Transformation Programme (FIT). The FIT Programme has included nine key digital finance initiatives aimed at the acceleration of...

Dubai’s Virtual Assets and Regulatory Authority (VARA) has issued the much anticipated Full Market Regulations for Virtual Assets Services Providers (VASPs). The Dubai digital asset regulator posted about the development...

The world’s most private crypto tracker, Recap, recently published a list of the top 50 major cities with infrastructures to experience mass adoption of cryptocurrencies. Based on eight data points,...

A report released by Recap, a crypto tax software, and portfolio tracking company, ranked Dubai as the second most crypto-ready city in the world on account of its zero percent...

At the World Economic Forum’s (WEF) annual summit at Davos, Switzerland, Thani Al-Zeyoudi, the UAE’s Minister of State for Foreign Trade declared that crypto would have a crucial role in...

UAE’s largest free-trade crypto center, Dubai Multi Commodities Centre (DMCC), declared 2022 as the “best-ever” year, as the company showed a year-on-year increase of 23% in attracting more businesses to...

Sheikh Hamdan bin Mohammed approved the new phase of the Dubai Metaverse Strategy. This move could turn Dubai into a top metaverse economy, enhancing the digital economy. “The strategy intends...

Turkish American economist Nouriel Roubini calls out the crypto industry for being heavily right-winged. Roubini was called a zionist for criticizing Binance for acquiring an operations license in UAE. He...

FTX’s SBF is under supervision along with executives Gary Wang and Nishad Singh. They are reportedly attempting to flee to Dubai. Kraken has announced that FTX’s and its executives’ accounts...

Shiba Inu payments are now accepted at Marriott’s W Hotel in Dubai. Travel website Travala activated SHIB payments in 2021. SHIB can be used to book automobiles including Ferrari, Lamborghini,...

Q9 Capital received an interim virtual asset approval from VARA. The firm can now provide investors and institutions with digital asset exchange services. The subsidiaries of Crypto.com, OKX, and FTX...

Etisalat store in Dubai Mall creates a virtual store in the metaverse for its customers. The Director of Infosys Technologies UAE shares the news during the Gitex event. This upcoming...

21Shares AG launch first physically-backed ETP on Nasdaq Dubai. The ETP will trade under the ticker ABTC. The listing came after a $25 million investment round from parent company 21.co....

Brinc will expand its global presence by opening an office in DMCC. The crypto center offers a complete ecosystem for businesses and entrepreneurs interested in blockchain and Web3. Partnership strengthens...

Artificial intelligence ecosystem Multiverse Labs has launched a metaverse city in Sharjah. The virtual city is backed by the Sharjah Commerce and Tourist Department Authority. The Sharjahverse will grant access...

DEWA becomes the first local government body to launch its platform on the metaverse. At the Digital Transformation Steering Committee Meeting, DEWA reviewed seven projects using metaverse. Additionally, Gitex Global...

Dubai Chambers formed a pact with SEE institute to launch a special training program for digital startups. 30 businesses from Dubai and other markets would be invited to participate. All...

Emirates will train their next batch of 4,000 cabin crew members in the metaverse. The COO of Emirates explained that the A350 was being configured in Humboldt, USA. The UAE...

UAE’s Minister of Economy Abdulla bin Touq Al-Marri announced the nation’s Metaverse headquarters. The headquarters will have multiple floors, each housing a separate department. Signatories across the globe will no...

On September 28th, Dubai will host the first-ever regional metaverse event. The event is expected to help build the worldwide metaverse industry road map. Attendees will outline a road plan...

Binance’s CEO posted a tweet regarding the establishment of Binance. Zhao referred to the MVP launch scheduled on September 2022. He was enthusiastic in commenting on the in-principle approval received...

Seed Group and CoinCorner enter into a strategic partnership: CoinCorner looks for market penetration. The UAE wants to offer a growth-oriented environment to fintech companies, the Seed Group CEO said....

VARA has issued restrictions on marketing, advertising, and promotions of virtual assets. VARA aims to offer consumer protection in the virtual assets market. CTO of Colossal Bit said virtual asset...