Abu Dhabi: Soon, Experience Yas Island Attractions in the Metaverse
Several key Abu Dhabi entities have come together to take Yas Island into the metaverse, as part of the first step of placing Abu Dhabi in the virtual world, authorities have announced. This pioneering initiative is a first for the UAE in their recreation of an entire physical destination across multiple world-leading immersive 3D platforms. […]
UAE adopts technology, designs opportunities to support growth of digital economy
Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, affirmed the UAE government’s vision and futuristic approach, under the leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, in adopting advanced technology, and enhancing the utilisation of AI […]
UAE Appeals Court Invalidates Crypto Settlement and Defines Ponzi Scheme
In a rare judgment, the Appeals Court of Ras Al-Khaimah (UAE) applies the elements of contract formation of the Federal Civil Transactions Law to invalidate a cryptocurrency transaction – finding that the object of the agreement did not fulfill the requirements of being “possible, specified or specifiable, and negotiable”. Furthermore, the Appeals Court classified the […]
ADIA to Launch New Data Lab, with Research Applications Focused on Blockchain
The Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund in the United Arab Emirates (UAE), plans to open an advanced data research center, an independent entity within the fund with goals not solely linked to investment applications. ADIA Lab will formally launch on Dec. 2 and is part of moves across the government […]
MContent Appoints Hani El Khatib as the New CEO of Blockchain and Web3
MContent, the world’s first web3 decentralized content ecosystem, is pleased to announce the appointment of Hani El khatib as their new chief executive officer of blockchain & web3. The hiring of Hani El Khatib shows the commitment of the MContent board and its ambitions in becoming a leading global web3 company. As part of his […]
The DFSA Issues Feedback Statement on Consultation Paper 143: Regulation of Crypto Tokens
The DFSA Board has issued a Feedback Statement to explain the conclusions that were reached and the final rules put in place regarding the consultation paper that was published in March. In March 2022, the DFSA published Consultation Paper 143 – Regulation of Crypto Tokens (CP143), which set out proposals for a regulatory regime for […]
DMCC, AstroLabs, and North Star Hosted 200+ Entrepreneurs for Networking Under the Stars
AstroLabs, North Star by Gitex Global Dubai, and DMCC, the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise, hosted a unique networking event and panel discussion as part of the North Star/Gitex Global 2022 Dubai week. Hosted by DMCC in its Jumeirah Lake Towers (JLT) community adjacent to the AstroLabs […]
iFX EXPO Brings the Fintech Community Together for its 2023 Dubai Edition
In January 2023, all roads lead to Dubai. Now home to the iFX EXPO for the third consecutive year, the city has emerged as a beacon for fintech collaboration in the Middle East. In recent years, the UAE has risen as one of the most fintech-friendly countries in the region. Thanks to sustained government support, […]
Ajman Launches Government Payment Portal on Metaverse
As part of the participation of Ajman’s Department of Finance (ADF) under the umbrella of the Ajman Government Pavilion at GITEX Global 2022, His Excellency Marwan Ahmed Al Ali, Director-General of the department, launched a set of smart services in the presence of ADF executive directors and department directors, including the first government payment platform […]
Megaverse: A Look Into the Metaverse 2.0
Megaverse, a one-of-a-kind project in the Metaverse, has taken the world by storm with its unique concept, and most importantly, its features that portray nothing but real life and authenticity. Built completely on Unreal Engine 5, Megaverse, a tech company newly incubated by TDeFI, is the first hyper-realistic, multipurpose Metaverse platform that caters to gamers, […]