UAE Mir Khoory Holding and Usako Group venture in Blockchain real estate
UAE Mir Khoory Holding, USA USAKO Group investment company, and USAKO Group VC, to develop a Blockchain real estate platform called “Sahara Street“. As per Sahara website, Sahara Street, LLC is dedicated to providing a software platform for real estate and other industries, using high tech innovations such as blockchain, AI and the metaverse. As […]
CBDCs, Crypto, digital payments to transform finance sector in MENA
A recent Oliver Wyman, report expects that trends such as digital payments, crypto and CBDC will have an impact on the financial sector in the MENA region. Mathieu Vasseux, Partner and Head of IMEA Financial Services, and KSA Market Leader at Oliver Wyman, said the region is undergoing a radical transformation of its financial sector, […]
KSA NEOM subsidiary launches 3D metaverse with Digital asset, Crypto, NFT platforms
KSA, NEOM Smart City subsidiary, NEOM Tech & Digital Company announced the launch of XVRS, a 3D cognitive digital twin metaverse platform envisioned to enable a ground-breaking ‘mixed-reality’ urban living model. Combining digital and physical (NEOM) architectures with hyper-connected technologies and AI features, XVRS will enable seamless integration of the virtual and real worlds. Uniquely, […]
UAE Al Habtoor partners with NFT Luxury project
UAE Al Habtoor has partnered with NFT luxury lifestyle project called Last Hopium. NFT project Last Hopium founded by Habtoor Al Habtoor, will use blockchain technology in the form of NFTs to bridge holders to big hotels including the Ritz Carlton, HIlton, and Waldorf Estoria. Al Habtoor is a conglomerate that is involved in leisure […]
Aramco launches a 1 billion USD VC Fund to invest in Blockchain and other tech
Aramco launches a one billion USD VC Fund under the name Prosperity7 Ventures. According to their press release the fund has been operational for over a year, but was launched officially by Aramco Chief Technology Officer Ahmad Al-Khowaiter during the LEAP 22 technology conference in Riyadh. Prosperity7 is designed as a global financial VC, with […]
UAE Dubai Islamic Bank joins Etisalat’s Blockchain Trade Connect Platform
UAE based Dubai Islamic Bank (DIB) has joined Etisalat’s Blockchain Trade Connect (UTC) platform. The Blockchain enabled UTC platform is the first of its kind in UAE launched in April 2021. Etisalat and its tech partner Avanza Innovations as well as UAE banks created it. UTC is a ‘cloud native’ solution running on Etisalat’s E1 […]
Singularity Finance to launch Shariah Blockchain Digital Bank from Bahrain
UAE and Egypt rooted Blockchain enabled Singularity Finance will be launching soon, with an aim to develop the first Shariah compliant Blockchain Digital Bank. As posted on their website, Singularity is a neo-banking app that can be used by people and businesses alike to manage their identity, accounts, payments, bills, etc. Egyptian tech entrepreneur Mohamed […]
Arab rooted Halal MRHB DeFi, raises 5.5 million USD
Arab rooted MRHB DeFi, decentralized finance ecosystem platform focused on ethical, sustainable and halal crypto opportunities, has raised a total of USD 5.5 million through a series of private and public funding rounds. This culminated in an initial DEX offering (IDO) that was oversubscribed on the DODO and ZeeDO launchpads. Prior to its IDO, the […]
VC Firm TLcom Capital to invest in Web3, DeFi, crypto
VC firm TLcom Capital plans to invest in Web3, crypto and DeFi as well as enter Egypt through its new fund, with a capital of 70 million USD raised so far. The news was first reported on Tech Crunch. The total amount to be raised for its second fund is 150 million USD. This will […]
WOM Protocol holds SUPERVERS Summit in UAE
WOM Protocol holds the SUPERVERS Summit in Dubai UAE. The creator economy summit will be held from the 22nd-23rd of February 2022. As per the announcement there will be 70+ speakers and creators with over 350m+ amassed reach, including: world-renowned music artist BIA, cutting edge tech founders and visionary investors. SUPERVERSE discusses transformational shifts within […]