OpenAI announced plans to construct a large-scale computing facility in Abu Dhabi, following a deal between the Trump administration and the Gulf nation. The project will be part of a joint venture involving Oracle, Nvidia, SoftBank, Cisco, and G42, an Emirati AI firm, according to The New York Times. The first of several planned data […]
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Deutsche Bank has announced that it has obtained a financial services permission from the Financial Services Regulatory Authority (FSRA) within the Abu Dhabi Global Market (ADGM). This authorisation enables the bank to conduct a range of regulated activities within the international financial centre. The license allows Deutsche Bank to carry out activities under the Financial […]
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areeba, a UAE-based provider of payment infrastructure, has entered into a partnership with FOO, a fintech solutions company headquartered in Dubai, to offer a comprehensive, integrated Card-as-a-Service (CaaS) programme aimed at banks and financial technology firms. The bundled service is designed to help institutions develop and scale secure card programmes and digital wallets without the […]
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The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (DIFC), has opened applications for its 2025 Graduate Programme. The initiative is part of the DFSA’s continued efforts to support the development of Emirati professionals in the financial services sector. The Graduate Programme is aimed at high-potential UAE National graduates, […]
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In a move to support MSMEs in the UAE, Emirates Development Bank (EDB) and RAKBANK have launched a joint financing initiative worth AED 1 billion. Announced during the Make it in the Emirates Forum at the ADNEC Centre in Abu Dhabi, the programme aims to improve access to funding for businesses in key national sectors. […]
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Bitcoin Suisse, a Swiss crypto financial services provider, has announced that its subsidiary, BTCS (Middle East), has received In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). This development is part of Bitcoin Suisse’s ongoing international expansion and will allow the firm to move toward obtaining full […]
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Klickl, a regulated Web3 financial services provider, has signed a tripartite MoU with WeBank, a digital bank from Mainland China, and Goldford Group, an innovation-focused conglomerate in Hong Kong. The agreement sets out to create a cross-regional fintech innovation alliance connecting Mainland China, Hong Kong, and the Middle East. The MoU was signed during an […]
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Ripple has announced two new partnerships in the UAE for its Ripple Payments service. The cross-border payments platform, which uses blockchain technology and a network of global payout partners, will now be used by Zand Bank and Mamo. The development follows Ripple’s recent approval by the Dubai Financial Services Authority (DFSA), making it the first […]
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Emirates Development Bank has launched the Emirates Growth Fund (EGF), a AED 1 billion growth equity platform aimed at supporting the expansion and competitiveness of SMEs based in the UAE. The fund was introduced during the fourth edition of the Make it in the Emirates Forum. It is designed to provide long-term capital and strategic […]
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Checkout.com has entered into a partnership with du Pay, one of the UAE’s rapidly growing fintech platforms focused on expanding financial inclusion and accessibility across the country. Through this collaboration, du Pay will utilise Checkout.com’s payments infrastructure to improve the performance of its core offerings, including wallet top-ups. By adopting Checkout.com’s unified platform, du Pay […]
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