UAE


Markets

Saudi Arabia, UAE Aim to Cut Payments Costs With Common Digital Currency

Saudi Arabia and the United Arab Emirates are hoping a shared digital currency can cut remittance costs between the two countries.

Saudi banknote

Markets

UAE Remittance Firm Launching Ripple-Based Payments in Q1 2019

Abu Dhabi-based money transmitter UAE Exchange is working with Ripple to launch blockchain remittances to Asia early next year.

UAE coins money

Markets

Blockchain 'Radically Simplifies' KYC, Say UAE Trial Participants

An Abu Dhabi financial center and KPMG say they have successfully completed a trial of a blockchain-based know-your-customer application.

Abu Dhabi

Markets

United Arab Emirates to Allow ICOs as Corporate Funding Option

The U.A.E. plans to introduce regulations that would permit initial coin offerings to be used as a means of fundraising for domestic companies.

dirhams, dubai

Markets

Oil Data Firm Platts Rolls Out Commercial Blockchain Platform

Energy markets data provider S&P Global Platts has announced the commercial deployment of a blockchain network for sharing oil inventories.

oil

Markets

UAE Financial Watchdog Warns Investors Over ICO Risks

A financial regulator in the UAE has issued a warning to investors on the risks of participating in token sale activities.

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Markets

The Transformed Role of Government in the Blockchain Era

Embracing change might not be easy for governments, but it can be done, according to the head of Dubai's ambitious blockchain agenda.

sunflower, sun, nature

Markets

Saudi, UAE Central Banks Team Up to Test Cryptocurrency

The central banks of the United Arab Emirates and Saudi Arabia are reportedly testing a new cryptocurrency for cross-border payments.

UAE

Markets

UAE Central Bank Governor: Bitcoin 'Easily Used' for Money Laundering

UAE Central Bank Governor Mubarak Rashed Al Mansouri issued critical remarks about bitcoin during an event this week.

Flags

Markets

US Commerce Department Backs Blockchain Trade Mission to UAE

Representatives from the blockchain industry are in the United Arab Emirates this week on a trade mission backed by the U.S. Department of Commerce.

Dubai UAE

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