Empowering Governments in the Middle East with Blockchain: The Avanza Innovations Success Story
In recent years, the Middle East has emerged as a hub for digital innovation, with governments across the region investing in new technologies to drive economic growth and societal transformation. Avanza Innovations, led by CEO Waqas Mirza, has played a significant role in this digital revolution, particularly in the area of blockchain. Founded in 2002, […]
Zero Two Launches Operations in Abu Dhabi to Provide Digital Asset Infrastructure Solutions
Zero Two, a digital assets infrastructure company based in Abu Dhabi, has launched its services to meet the growing demand for Web3 technology and its ecosystem. The company offers a comprehensive suite of solutions for end-to-end digital assets infrastructure, providing assistance to businesses that want to leverage the innovative potential of this technology. Its services […]
UAE Chosen as Base for Republic Crypto Operations in MENA Region
Republic Crypto, a global blockchain company that provides comprehensive advisory services to support the growth of crypto firms from their initial stage to successful liquidation, has expanded its operations to the United Arab Emirates, in the hope of expanding throughout the MENA region. Following the acquisition of a license from the Dubai International Financial Centre […]
Saudi Arabia Invests in Crypto-Friendly Venture Capital Firms with $620B Wealth Fund
Saudi Arabia has recently announced investments in almost 40 venture capital firms in the United States, with a focus on funding rounds for businesses with new business models, including cryptocurrency, blockchain, and Web3. Sanabel, the investment arm of the Saudi sovereign wealth fund Public Investment Fund, is committed to paying around $2 billion annually for […]
FinTech Frenzy: DIFC Attracts Record Investment Ahead of Dubai Summit
Dubai continues to solidify its reputation as a global hub for FinTech and Innovation ahead of the Dubai FinTech Summit taking place on 8 and 9 May this year under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai; Deputy Prime Minister and Minister of Finance of […]
Central Bank of Kuwait Delves into Blockchain and CBDCs
The Governor of the Central Bank of Kuwait, Basel Al-Haroon, recently discussed Kuwait’s efforts to explore the potential adoption of a “know-your-customer-anti-money laundering” blockchain eKYC solution, as well as the ongoing research into central bank digital currency technology, in a recent interview. Al-Haroun explained that the bank is closely monitoring the experiences of other countries […]
20 Game Changers Shaping the Future of Blockchain and Crypto in MENA, Meet the Top Performers
The blockchain and crypto industry in the MENA region got a little bit more exciting, with the introduction of a non-profit recognition program by Unlock Blockchain. The initiative allowed the community to vote for the best-performing CEOs in the industry, receiving an overwhelming response of more than 11,000 unique votes in less than two weeks. […]
Central Bank of Bahrain Introduces Enhanced Regulatory Framework for Digital Tokens to Strengthen Crypto-Assets Market
The Central Bank of Bahrain has made changes to its Crypto-assets Module in March 2023, after consulting with industry experts. The amendments were made to accommodate the ever-evolving crypto-assets market and align with industry best practices while also improving investor protection. This move is part of the Central Bank’s plan to expand the crypto-assets market […]
IR4LAB Successfully Completes Pilot Project to Track Ramadan Donations Using Blockchain
IR4LAB, a leading Saudi Arabian technology company that specializes in innovative technologies such as Artificial Intelligence and Blockchain, has used Blockchain technology during the holy month of Ramadan as part of its social outreach initiative. By leveraging its Blockchain solution, DocCerts, the company has been able to track food packages that are being distributed to […]
Arts DAO Fest Showcases First Charity NFT Collection in UAE by Al Jalila Foundation, Supporting Medical Research
Al Jalila Foundation, a non-profit healthcare organization that aims to improve lives through medical innovation and is part of the Mohammed Bin Rashid Al Maktoum Global Initiatives, has announced the launch of the UAE’s first-ever Non-Fungible Token (NFT) collection by a charity. The collection, called “A Fingerprint on Humanity,” was created by Emirati artist Maisoon […]