Qatar University Joins the Metaverse
Qatar University is the the first university to enter the metaverse, according to Doha News. The latest move was made possible through signing a memorandum of understanding with Metavisionaries —a community of change agents, thought leaders, and business experts committed to extending access to the space economy and cutting-edge technology in order to address present and […]
Saudi Aramco, Equinor Back Up Blockchain Startup Data Gumbo
Blockchain startup Data Gumbo announced a $4 million Series C funding round from the venture arms of Saudi Aramco and Equinor, which are both existing investors. They first backed the firm in its $6m Series A and also participated in its $7.7 million Series B that included venture capital firm L37. Data Gumbo currently provides enterprise blockchain solutions to the energy sector. Given […]
PwC Middle East Launches a Facilitation Model to Regulate Cryptocurrency in the UAE
PwC Middle East has launched a new report titled market _ assets default in UAE Arabic United “ Which provides an in-depth look at cryptocurrencies and virtual assets in the UAE. The report also identifies a three-phase facilitation model for the country’s regulators to ensure commitment to transparency and compliance to boost the sector’s long-term growth. The UAE’s share in the global cryptocurrency market is […]
Iran Pushes the Crypto Space Towards Tight Regulations
Iran made its first official import order using cryptocurrency this week, a move that could enable the Islamic Republic to circumvent U.S. sanctions that have crippled the economy, according to Reuters. In fact, knowing that the country is under U.S. sanctions and has now traded using cryptocurrency, this will sure add more pressure to the […]
Everdome Secures US$10 million Investment from GEM Digital Limited
Everdome, the most hyper-realistic metaverse, has announced that GEM Digital Limited (GEM), a Bahamian-based, digital asset investment firm, that sources, structures and invests in utility tokens listed on over 30 CEXs and DEXs globally, has agreed to an investment commitment of US$10 million into the UAE-based metaverse company, through a structured token subscription agreement. The […]
UAE Issues Requirements to Cut Down on Crypto Real Estate Money Laundering
The UAE has introduced new reporting requirements for “certain real estate transactions” conducted in the country to fight money laundering and terrorism financing. As part of the latest directive, all real estate agents, brokers and law firms are required to file reports to the Financial Intelligence Unit on the purchase and sale transactions of freehold […]
Dubai Chamber Boosts Digital Asset Industry by Forming Dubai Digital Assets Business Group
Dubai Chamber of Digital Economy, one of three chambers operating under the umbrella of Dubai Chambers, has announced the formation of the Dubai Digital Assets Business Group (D2A2), which aims to strengthen the digital asset industry’s role in the economic development of the UAE and the wider Middle East region, enhance digital business infrastructure and […]
SmartCrowd Secures CMA License to Expand Into Saudi Arabia
SmartCrowd Holdings, a regional pioneer in fractional real estate investments, has been granted a FinTech experimental license by the Saudi Capital Markets Authority (CMA). SmartCrowd is currently working on completing business requirements for the upcoming launch of its Real Estate Funds Distribution Platform, making alternative assets accessible to the general public within Saudi Arabia soon. Saudi Arabia’s […]
PwC Crypto Head Leaves Role to Establish Digital Asset Fund In Dubai
PwC’s global crypto head, Henri Arslanian, has left his role at the company to set up a $75m crypto hedge fund that focuses on institutional investors. Henri Arslanian launched Nine Blocks Capital Management in Dubai with the aim of becoming the world’s leading institutional grade crypto asset management firm. The new fund is backed by […]
Blockchain and Crypto Expected to Thrive in KSA After $3.2 Trillion Investment Plan
Saudi Arabia’s Cabinet has announced the establishment of the Saudi Investment Marketing Authority as the Kingdom plans to inject more than SR12 trillion ($3.2 trillion) of investments in the economy by 2030. It will also hold the responsibility of marketing and attracting investments to the Kingdom through preparing plans and programs, locally and internationally, the […]