Egypt QNB AlAhli Bank tests Blockchain Contour trade finance platform with CargoX
The European Bank for Reconstruction and Development (EBRD), and Egypt’s QNB AlAhli bank have facilitating three test letters of credit on the digital trade finance network Contour utilizing Blockchain enabled CargoX platform. The trial took place with QNB ALAHLI bank one of Egypt’s largest commercial banks, acting as issuing bank and the Blockchain enabled CargoX Platform used for electronic […]
UAE Investors invest $5 million in Blockchain NFT crowd funding platform Mcontent
UAE institutional investors have invested $5 million in Blockchain and NFT Film based Crowd funding platform out of a total $10 million raised in MContent seed funding round. The seed investment round was led by UAE Gargash Group, with investments from Dubai DIFC firm Fiducia Capital, and Plant N investments from UK. Mcontent was launched […]
Koda crypto dog meme opens office in UAE
KODA Cryptocurrency, the dog meme token with utility, has opened offices in UAE. KODA, marketed by SummitBC Ltd, already boast offices in London. SummitBC will also now operate from the impressive Almas Tower in Jumeriah Lakes, Dubai, UAE. SummitBC is led by CEO James Gale, an established business owner, developer and serial entrepreneur. KODA, a Binance Smart […]
Bank of Sharjah CEO says crypto is here to stay
In an interview with Emirates News, Bank of Sharjah Group CEO, Varouj Nerguizian says that Blockchain and cryptocurrencies are here to stay. He noted in the interview that digital transformation in the banking sector was happening and the pandemic has accelerated this. When asked in the interview about Blockchain and cryptocurrency in the banking sector. […]
Belfrics Blockchain to expand in the UAE
Belfrics to expand its blockchain capabilities in the UAE, specifically in a financial hub in Dubai. As a result it has announced a new hire for its Belfrics subsidiary in Dubai. The company has named Najmal Ahmed as Head of Dubai Operations. Life Clips is the parent company of Belfrics Global and Cognitive Apps Software […]
OTC Crypto trading platform ZB.com launches in UAE
ZB.com, OTC crypto trading platform has launched in the UAE as part of its expansion plans in the MENA region. The expansion of a crypto and digital asset trading platform of ZB.com’s caliber comes at a time when, in the MENA region, the interest in digital assets is translating to investments. A flagship platform of […]
UAE Agora and X Ventures launch Blockchain competition
X Ventures, German Venture Studio Fund X Ventures, and UAE Agora have launched a Blockchain competition for startups called the X Competition. The X Competition will give blockchain entrepreneurs the chance to win up to $2 million in funding, a business strategy workshop with renowned experts in Berlin, and exposure to over 50 VCs at […]
UAE Ministry of Health launches Metaverse Happiness center
The UAE Ministry of Health and Prevention (MoHAP) launches the world’s first Metaverse customer happiness service center at the Arab Health 2022, the first experience of its kind in a health exhibition in the world. The step ushers in a new era of digital reality and human-computer interaction in government health care services, by enhancing […]
Blockchain AI Humans.ai enters UAE Market
AI and Blockchain enabled Humans.ai is entering the UAE market, through its partnership with UAE Blockchain Consultancy Studio Deca4. As per their medium post the Deca4 team, will support the implementation and development for startups and tech companies looking to implement AI capabilities and soon to come innovations, such as Synthetic media, or AI-generated media, particularly programs that rely […]
The Crypto Asset Wallet Conundrum
The UAE is moving quickly to establish itself as one of the leading players in the region and in the world in the fintech space. To do this it needs to look at the crypto asset wallet conundrum. The UAE move into the fintech space, is evidenced by its promptitude over the last year in […]