Oman Capital Market Authority to Develop Comprehensive Regulatory Framework for Virtual Assets
The Capital Market Authority (CMA) is planning to create a new regulatory framework for Virtual Assets (VA) and Virtual Asset Service Providers (VASP), which are part of Oman’s financial markets. This action demonstrates the country’s growing acceptance and the CMA’s proactive stance towards advancing the digital assets and fintech industry in Oman. The CMA recently […]
GCEX Crypto Custody Services to Expand with Assistance of Komainu
GCEX, a digital brokerage that provides institutional clients with foreign exchange and crypto services, has established a new partnership with crypto custodian Komainu. This joint venture between Nomura and two premier digital assets companies was created to give GCEX’s clients more options for regulated custodians. Komainu will aid GCEX in enhancing its current offerings and […]
STC Group and Nuqtah Form Strategic Partnership in Riyadh
Nuqtah, a blockchain and Web3 company, is thrilled to announce its partnership with stc Group, the leading telecommunication provider in the Middle East and North Africa region. The MoU was signed at the LEAPandInnovate Tech Forum in Riyadh, the capital of Saudi Arabia. The objective of the MoU is to provide stc, a semi-government entity, […]
CBUAE Unleashes the Future of Digital Finance with the FIT Transformation Program
In line with the vision of H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, and Chairman of the Central Bank of the UAE’s (CBUAE) Board of Directors, the CBUAE today launched its Financial Infrastructure Transformation Programme (FIT programme) to accelerate the digital transformation in the financial services […]
$488 million Investment Pumps Up Saudi Arabia Gaming Industry
Saudi Arabia’s gaming industry has been given a major boost with a new investment of $488 million, as the country continues to establish itself as a prominent player in the gaming world. The funding is being provided by the Saudi Esports Federation, National Development Fund, and the Social Development Bank. It aims to support both […]
SGS to Use Blockchain Solution for Digital Documents Across 28 Airports in Saudi Arabia
At LEAP 2023, a prominent technology event in Saudi Arabia, IR4LAB and SGS revealed their partnership in implementing DocCerts, a Blockchain management solution for all digital training records and licenses issued by SGS at 28 airports in the country. DocCerts, which leverages the power of Blockchain, will allow SGS to produce more than 10,000 digital […]
The Sandbox and Saudi Arabia Join Forces in the Metaverse, Boosting SAND Token Value
The co-founder and COO of The Sandbox, Sebastian Borje, announced on February 8th that his company and the Metaverse would be partnering with Saudi Arabia’s Digital Government Authority (DGA), a digital government agency in Saudi Arabia that aims to improve the delivery of digital services by government agencies, enhance investment and economic value, and assess […]
MENA Region Takes the Lead: Meta Opens First Metaverse Academy in Saudi Arabia
Meta Platforms, Facebook’s parent company, has established the first metaverse academy in the Middle East and North Africa region in Riyadh, Saudi Arabia. This initiative was announced by the Saudi Arabian Ministry of Communications and Information Technology at the Leap technology exhibition in Riyadh. Tuwaiq Academy, which is set to commence on May 1st, aims […]
LandVault Expands to Dubai: New Office to Enhance Metaverse Development
LandVault, a metaverse developer, has announced plans to open a new office in Dubai. Set to start operations in February 2023, the move symbolizes a significant step forward for the company as they seek to expand their reach and delve into the growing web3 market, as well as providing additional client-facing prospects in the Middle […]
VARA Issues New Regulations and Compulsory Rulebooks for Digital Assets
On February 7, 2023, VARA, based on the final approval of its Board of Directors, issued its regulations and regulatory legal manuals related to digital assets, based on Law No. (4) issued in 2022 regarding the regulation of virtual assets in the Emirate of Dubai. As a matter of fact, VARA has notified the much-anticipated […]