ADGM Teases Potential Partnership with Solana Foundation Following IOTA
Abu Dhabi Global Market (ADGM) recently made waves by announcing the enrollment of IOTA as the pioneer foundation under its Distributed Ledger Technology (DLT) foundation regime. As part of this regime, ADGM has indicated its intention to collaborate further by potentially signing a Memorandum of Understanding (MoU) with the Solana Foundation. Yesterday, on February 6th, […]
Dubai’s Road & Transport Authority Pioneers the First Web3 Taxi Platform Licensing in the UAE
The Dubai Road & Transport Authority has taken a major step by licensing the first Web3 Blockchain enabled Taxi platform in the UAE, known as DRIFE. DRIFE, a decentralized ride-hailing platform, harnesses blockchain technology to establish a transparent, secure, and cost-effective peer-to-peer network for both drivers and riders. This project was achieved through the collaboration […]
Hedera Hashgraph Launches $250M Web3 Venture Fund in Saudi Arabia
Hedera Hashgraph, headquartered in Switzerland, has launched the DeepTech Venture Studio in Riyadh, Saudi Arabia, in collaboration with the Saudi Ministry of Investment. This move highlights Saudi Arabia’s strategic shift from its heavy reliance on crude oil, showcasing its commitment to diversify its economy and embrace technological innovation. The DeepTech Venture Studio is in place […]
Decoding Bitcoin’s Price: Insights from Asharq News Conversation with UNLOCK Blockchain
As the cryptocurrency world navigates through the recent approval of Bitcoin spot trading funds and the anticipated halving event, opinions regarding price fluctuations have been varied and sometimes conflicting. Addressing these concerns, Asharq News recently hosted a conversation with Walid Abu Zaki, the Founder and CEO of UNLOCK Blockchain, shedding light on these critical topics. […]
Chalhoub Group Strengthens Virtual Retail Presence With Boltable Studio Investment
Chalhoub Group, a major player in the luxury retail sector, has invested in Boltable Studio, a Roblox design studio, signaling its commitment to embracing innovative avenues in virtual retail and strengthening its presence in the metaverse. The move follows Chalhoub Group’s foray into the metaverse and Web3 technologies in 2022 with the launch of exclusive […]
Liminal Custody Solutions Appoints Amir Tabch as CEO for Middle East Region
Liminal Custody Solutions (Liminal), a digital asset custody and wallet infrastructure provider in the APAC and MENA region, has named Amir Tabch as its new CEO for the Middle East. Mr. Tabch, a seasoned financial services executive and fintech pioneer, brings over two decades of experience in scaling businesses across traditional and digital asset markets. […]
UAE Succeeds in First Cross-Border Payment Using Digital Dirham
Sheikh Mansour bin Zayed Al Nahyan, Vice-President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of the Board of the Central Bank of the UAE, made an unprecedented cross-border payment on Monday, marking a major improvement in the UAE’s financial landscape. The transaction, valued at Dh50 million, was executed directly with China using […]
More Than 20K Visitors Expected to Attend DeepFest at LEAP 2024 in KSA for AI Innovation
DeepFest, the premier meeting place for the global Artificial Intelligence (AI) ecosystem, is expected to attract upwards of 20,000 attendees this year. Co-located with LEAP, a leading tech event, DeepFest will attract global thought-leaders, change-makers, data scientists, innovators, enterprises, academia, start-ups, and entrepreneurs across four days of live-demos, innovation sessions, sector-dedicated tracks, trainings, start-up pitches, […]
Is Ethereum Planning to Setup in RAK DAO? Vitalik Handshake Tells Half of the Story
In the wake of the groundbreaking event hosted by RAK DAO, speculations are buzzing about the potential collaboration between Ethereum and Ras Al Khaimah. The meeting of minds between His Highness Sheikh Saud bin Saqr Al Qasimi and Ethereum’s Co-Founder, Vitalik Buterin, not only added prestige to the occasion but also fueled rumors of a […]
UAE Al Zayed University Research Advocate Hashgraph as Superior Alternative to Blockchain
Researchers from Al Zayed University in the UAE have recently released a research paper titled “Investigating the Failure of the Blockchain Technology and Suggested Recommendations”. In their comprehensive analysis, they advocate for the adoption of the hashgraph consensus algorithm, a key component of the Hedera network, as the optimal Distributed Ledger Technology (DLT). Led by […]