Tag: UAE

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UAE Plans to Issue a CBDC to Promote Digital Payments

UAE Plans to Issue a CBDC to Promote Digital Payments

"These digital payment initiatives will drive financial inclusion, promote payment innovation, security and efficiency, and achieve a cashless society [...]
UAE central bank to issue CBDC as part of its financial transformation program

UAE central bank to issue CBDC as part of its financial transformation program

The Central Bank of the United Arab Emirates (CBUAE) is planning to launch a central bank digital currency (CBDC) for cross-border and domestic use as [...]
Indian refiners have begun paying for Russian oil via Dubai traders in UAE dirhams – ForexLive

Indian refiners have begun paying for Russian oil via Dubai traders in UAE dirhams – ForexLive

Indian refiners have begun paying for Russian oil via Dubai traders in UAE dirhams  ForexLive news.google.com [...]
Crypto to play ‘major role’ in UAE trade: foreign trade Minister

Crypto to play ‘major role’ in UAE trade: foreign trade Minister

Crypto will play a “major role” in the United Arab Emirates' global trade moving forward, says the UAE’s minister of state for foreign trade Thani Al- [...]
$3bn UAE help for Pakistan’s depleting forex reserves

$3bn UAE help for Pakistan’s depleting forex reserves

PM Shehbaz meets UAE President, Sheikh Muhammad bin Zayed Al Nahyan on January 12, 2023. PIDISLAMABAD/KARACHI: The United Arab Emirates (UAE) h [...]
Pakistan’s national morale at its nadir, along with its forex reserves

Pakistan’s national morale at its nadir, along with its forex reserves

Pakistan's national morale at its nadir, along with its forex reserves TopWe use cook [...]
Leader of the Suspected Russian Ponzi Scheme Is Arrested in UAE: Report

Leader of the Suspected Russian Ponzi Scheme Is Arrested in UAE: Report

Finiko was popular in Russia in 2020-2021, marketing itself as a crypto investment fund. The company, which had been conducting public mass events and [...]
UAE regulator revokes FTX license amid the exchange collapse

UAE regulator revokes FTX license amid the exchange collapse

As the FTX debacle still creates waves in the crypto industry and beyond, the Dubai Virtual Assets Regulatory Authority (VARA) has suspended the licen [...]
UAE regulator adopts blockchain to speed up commercial judgments

UAE regulator adopts blockchain to speed up commercial judgments

A judicial authority established by the United Arab Emirates (UAE) Federal Decree has adopted blockchain technology to save time and costs related to [...]
UAE visa ban threat, plot to create forex instability -Ethnic Youth leaders allege – The Sun Nigeria

UAE visa ban threat, plot to create forex instability -Ethnic Youth leaders allege – The Sun Nigeria

From Fred Itua, AbujaA group of ethnic youth leaders, the Nigerian Ethnic Youths Leaders  Council (NEYLC), has described the threat of visa ban for Ni [...]
UAE energy minister: OPEC+ oil output cut was the right decision

UAE energy minister: OPEC+ oil output cut was the right decision

Sure, sure. The endorsement continues after US last week said that the OPEC+ decision to cut oil output was engineered for political reasons instead. [...]
UAE Energy Minister: Latest OPEC decision was purely technical, unanimous, not political

UAE Energy Minister: Latest OPEC decision was purely technical, unanimous, not political

The latest OPEC+ decision was a cut to supply. UAS says it was a technical decision and not based on politics. Huh, oil markets are deeply and insepar [...]
Multiverse Labs launches government-backed metaverse city in UAE

Multiverse Labs launches government-backed metaverse city in UAE

Multiple emirates in the UAE are looking to the metaverse to boost tourism in their respective regions. Shar [...]
UAE Web3 ecosystem houses almost 1.5K active organizations: Report

UAE Web3 ecosystem houses almost 1.5K active organizations: Report

A new report shows that 65% of the 1,450 Web3 organizations are based on native blockchain technology, while [...]
UAE Ministry of Economy opens up new headquarters in the Metaverse

UAE Ministry of Economy opens up new headquarters in the Metaverse

The United Arab Emirates (UAE) Ministry of Economy has announced a new headquarters located where anyone in the world can visit — the Metaverse. Accor [...]
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