Gaming Giant Neowiz Holdings in Abu Dhabi for Blockchain Business Opportunities
South Korean gaming giant Neowiz Holdings plans to broaden its reach by establishing a blockchain enterprise in the United Arab Emirates, according to a report by Korean news site Newsis. The company aims to expand its services internationally through this endeavor. For this reason, the CEO of Neowiz Holdings, Oh Seung-Heon, is visiting Abu Dhabi […]
Partnership Between AD Gaming and AA Meta to Boost Gaming and Metaverse in Abu Dhabi
A collaboration between AD Gaming and AA Meta will boost the gaming and esports industry in Abu Dhabi. AD Gaming, an initiative to promote the sector in the capital, will join forces with AA Meta, a company specializing in metaverse and blockchain-based technology for gaming. The partnership aims to expand the metaverse industry in Abu […]
Crypto Set to Shape UAE Global Trade, Says Foreign Trade Minister
Thani Al-Zeyoudi, UAE’s minister of state for foreign trade, stated that crypto will play a significant role in the country’s global trade in the future. He made this statement while speaking with Bloomberg at the 2023 World Economic Forum in Davos, Switzerland, where he also provided updates on the UAE’s trade partnerships and policies for […]
UAE NFT Market Skyrocketing with Projected 45% Annual Growth
The NFT industry in the UAE is projected to grow rapidly, with a 45.5% annual increase and reaching a value of $982.1 million in 2022, according to a recent report. The market is expected to continue expanding at a CAGR of 32.1% during the period of 2022-2028, with the NFT spend value in the country […]
Saudi Arabia Embraces the Metaverse at WEF: A New Era of Digital Living
Based on the information that the Saudi Minister of Communications and Information Technology, Abdullah Al-Swaha, shared during a session at the World Economic Forum in Davos, Switzerland, the Kingdom of Saudi Arabia is embracing the use of metaverse technology in the planning and development of some of its major projects. Al-Swaha specifically cited the NEOM […]
Oman Cryptocurrency Conundrum: Meeting the Needs of Users and Regulators
A recent survey by Souq Analyst found that around 2% of adults in Oman, or 65,000 people, own bitcoin or other forms of cryptocurrency. While this percentage may seem small, the survey suggests that there is a high level of awareness and understanding of cryptocurrencies in the country. In fact, the research indicates that an […]
FTX Fallout: Examining the Effect on UAE’s Crypto Regulations
The United Arab Emirates (UAE) has taken a relatively progressive stance towards cryptocurrency regulation. In fact, the government of the UAE has recently approved a new law that regulates virtual assets, creating the nation’s initial set of rules for the cryptocurrency industry at a federal level. The regulatory framework includes guidelines for exchanges, initial coin […]
Legal Expert Breaks Down Newly Implemented Federal Law for Virtual Assets in the UAE
The government of the United Arab Emirates has recently approved a new law that regulates virtual assets, creating the nation’s initial set of rules for the cryptocurrency industry at a federal level. This follows previous efforts to supervise digital assets in specific financial areas, such as the Abu Dhabi Global Market (ADGM( and the creation […]
Al Fardan Ventures Brings Japanese FinTech Innovation to the MENA Region
A major signature of a long-term business partnership between Al Fardan Ventures and Canaan Advisors has taken place, in the hope of launching a blockchain-based real estate investment platform in the Middle East and Africa market. This venture will be led by Mr. Mohammed Ebrahim Al Fardan, a global technology leader from the Arab world […]
MEAACBA Board to Set Up Regulators Committee Following Recent Crypto Events
Recent events in the crypto industry have highlighted the immense and immediate need for fit-for-purpose regulation and education for the investing community. This is why, as an immediate and positive response to what has happened, the MEAACBA Board is setting up a Regulators Committee which aims to bring together the key regulators in the regions […]