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 […]
Karak Network: Pioneering Universal Restaking Goes Live in UAE
Karak Network, a groundbreaking blockchain solution developed by Andalusia Labs Ltd., a company registered in Abu Dhabi Global Market (ADGM), has made a significant splash in the industry. Just months after securing a hefty $48 million investment round in December 2023, Karak went live in April 2024, showcasing their innovative approach to blockchain security. Billion-Dollar […]
BitOasis Back in Business: Resuming Operations After Meeting Regulatory Requirements
In a welcome development for cryptocurrency enthusiasts in the MENA region, BitOasis has announced the resumption of services for new retail and corporate customers, effective April 12, 2024. This follows a period of regulatory scrutiny addressed in collaboration with Dubai’s Virtual Assets Regulatory Authority (VARA). Established Player with a Commitment to Compliance Founded in 2016, […]
Crypto.com Receives Full Operational License from VARA
Crypto operator Crypto.com has proudly announced its attainment of a full operational license from Dubai’s Virtual Assets Regulatory Authority (VARA) on April 3, 2024. This milestone marks a pioneering achievement for Crypto.com, as it becomes the premier global crypto operator to secure operational status with fiat capabilities in the United Arab Emirates (UAE). The scope […]
stc Bahrain Boosts Gulf’s Blockchain Scene with Core Chain Partnership
stc Bahrain has unveiled a strategic collaboration with Core Chain, a Layer-1 blockchain network powered by Bitcoin, emphasizing stc Bahrain’s commitment to advancing blockchain technology and fostering digital innovation in the Middle East. Under this partnership, stc Bahrain will utilize Core Chain’s cutting-edge technology to deploy and manage nodes within the network, with the goal […]
Geopolitical Maneuvering Shapes Middle East’s AI Ambitions
The Middle East’s drive towards artificial intelligence (AI) supremacy is not just a technological race; it’s a battleground of geopolitical interests, where alliances are formed and choices carry significant weight. At the heart of this strategic calculus lie the United States (U.S.) and China, each vying for dominance in AI, considering it not only a […]
Your Vote Counts! Participate in Recognizing MENA’s Top performing CEOs
As the voting period for Unlock Blockchain’s Top 20 Performing CEOs in MENA’s Blockchain and Crypto Space continues, your participation is crucial in shaping the future of the industry. With over 1300 votes already cast; your voice matters more than ever. ( see live results) Why Your Vote Matters Each vote signifies recognition of the […]
GDA Capital Invests in Blockchain-Based IP Licensing U-topia
In a notable industry development, GDA Capital has announced its participation in a strategic investment for U-topia, a move poised to impact the landscape of blockchain-based intellectual property (IP) licensing. This investment includes a follow-on commitment of up to $850,000. And GDA Capital executives are set to join U-topia as strategic advisors. U-topia, heralded as […]
Commercial Bank of Dubai Teams Up With Dubai FinTech Summit as Strategic Banking Partner
National bank Commercial Bank of Dubai (CBD) has announced its partnership with the Dubai FinTech Summit (DFS), organized by Dubai International Financial Centre (DIFC), a leading global financial hub in the MEASA region. The collaboration solidifies CBD’s commitment to supporting innovative businesses on a global scale, marking a major milestone in the evolution of the […]