UAE CBDC strategy targets retail, wholesale applications
Projected to run for 12 to 15 months, the UAE’s Phase 1 CBDC strategy will include the limited…
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United Arab Emirates
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Abu Dhabi sets up investment firm to achieve AI ambitions
UAE’s newly formed investment company, MGX, has three core objectives to drive AI adoption and innovation—develop AI infrastructure,…
Serbia, UAE expanding AI use cases with new partnership
As AI applications soar in popularity, Serbia is looking to make a name of its own with help…
Bridgewater Middle East begins digital asset operations in UAE, targets institutional investors
Bridgewater Middle East will operate as a conduit for United Arab Emirates-based enterprises seeking to pivot into digital…
UAE’s blockchain ambitions will improve trade finance for SMEs
Currently, SMEs in the United Arab Emirates face a challenging task in securing trade finance, underscored by several…
Bitcoin Mining Company Phoenix Group Reports 50% Net Income Increase and 20% Sales Growth
After its oversubscribed initial public offering (IPO), Phoenix Group, a Dubai-based company specializing in bitcoin mining and blockchain…
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…
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…
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…
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…