Network International Secures SVF License from Central Bank of UAE
Network International LLC (Network), a key player in digital commerce across the Middle East and Africa (MEA) region, has announced its acquisition of a stored value facility (SVF) license from the Central Bank of the UAE. This milestone achievement will fortify Network’s role in boosting the UAE’s growing digital payment landscape. The issuance of this […]
Game Changer: Saudi Arabia’s eSports Revolution
In the heart of Riyadh, amidst the gleaming towers and bustling streets, HRH Prince Faisal bin Bandar bin Sultan Al Saud, chairman of the Saudi Esports Federation during Outer Edge Riyadh, unveiled a vision that would redefine the Kingdom’s future. With determination in his voice, he declared that eSports would not only entertain but also […]
ENOC Group Partners With Loyyal to Enhance ‘YES’ Rewards Members’ Experience
ENOC Group, a leading integrated global energy player, has appointed the innovative technology loyalty partner, Loyyal, to integrate Access Point, their self-service platform, into the Group’s rewards programme. This move will revolutionize the ‘YES’ rewards program, allowing members to seamlessly earn and redeem points across a vast network of merchants, powered by Loyyal’s cutting-edge blockchain technology. With numerous businesses in Loyyal’s partner network, […]
CoinMENA Collaborates with Zodia Markets to Enhance Fiat-to-Crypto Liquidity
CoinMENA, licensed in both Bahrain and the UAE (CoinMENA B.S.C. and CoinMENA FZE, respectively), announces a partnership with Zodia Markets. Zodia Markets, a UK-based digital asset trading business backed by Standard Chartered, is renowned for its industry-leading trading infrastructure and operational efficiency. This partnership aims to enhance liquidity and reduce slippage on high-volume trades for […]
Medad Holding and Franklin Templeton Forge Strategic Partnership to Introduce Yieldcoin Innovation in the UAE
Medad Holding and Franklin Templeton have united in a groundbreaking partnership set to transform the financial landscape of the United Arab Emirates (UAE). This collaboration is centered on introducing a pioneering tokenized digital asset – the yieldcoin. Yieldcoins represent a fusion of traditional financial instruments with cutting-edge blockchain technology, offering investors a new paradigm for […]
From LA to Riyad, Outer Edge Innovation Summit debuts in Saudi Arabia in Partnership with Animoca Brands and KACST
Outer Edge, one of the pioneer events in the world of Web 3, tech, culture, and entertainment, today announced a partnership with Animoca Brands, the company advancing digital property rights for gaming and the open metaverse, and King Abdulaziz City for Science and Technology (KACST), the national labs of the Kingdom, to debut Outer Edge […]
Teng’s Tenacity Pays Off: Binance Secures Full VASP License from VARA
Richard Teng, leading Binance in the wake of regulatory turbulence, has secured a significant victory: the much-anticipated full crypto license from VARA in Dubai. Binance FZE, the Dubai entity of the world’s leading global virtual assets services provider, today announced that it has received the Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets […]
Varys Capital Ventures (CEIC) Limited Prepares for Launch in ADGM
Varys Capital (“Varys”) has announced a strategic collaboration with FundRock Investment Management Services (ME) Ltd (“FundRock”), a fund management firm licensed by the FSRA. Together, they will oversee the management of Varys Capital Ventures (CEIC) Limited, a feeder fund operating within the Abu Dhabi Global Market (ADGM). This feeder fund will allocate its assets into […]
Microsoft Invests $1.5B in UAE’s G42 Signaling Strategic Shift Away from China
Microsoft (MSFT.O) is making a major move in the realm of artificial intelligence (AI) by investing $1.5 billion in the United Arab Emirates-based firm G42. This investment not only secures Microsoft a minority stake in G42 but also grants the tech giant a seat on G42’s board, facilitating deeper collaboration between the two entities in […]
INABLR Middle East Redefines Bahrain’s Legacy of Financial Innovation with Fractional Sukuk Advancements
INABLR Middle East W.L.L (INABLR) stands at the forefront of Bahrain’s rich legacy in Islamic finance, as it successfully graduates from the Central Bank of Bahrain’s (CBB) Regulatory Sandbox, unveiling a groundbreaking Proof of Concept (POC) for fractionalized Sukuk (Islamic Bonds). This milestone not only signifies a leap forward for INABLR but also underscores Bahrain’s […]