Saudi Arabia launches its national wholesale CBDC project between local banks

Saudi Arabia launches its national wholesale CBDC project between local banks

The Saudi Central Bank (SAMA) released a press release where it confirmed that the Central Bank is continuing to experiment on Central Bank Digital Currencies (CBDC).  SAMA... Details
UAE MEmob Blockchain entity partners with Artifact Labs to develop metaverse fashion house

UAE MEmob Blockchain entity partners with Artifact Labs to develop metaverse fashion house

UAE based MEmob+, a  Blockchain data intelligence and mining platform has partnered with Artifact Labs, a premier provider of 360-degree support for brands and creators... Details
UAE Emirates Zone Investment services accepts crypto payments using Binance Pay

UAE Emirates Zone Investment services accepts crypto payments using Binance Pay

UAE Emirates Zone Investment Services has partnered with Binance Pay, to accept crypto payments from the UAE startup community, small and medium businesses (SMBs), Investors and Entrepreneurs... Details
South Korean gaming giant creator of Intella X establishes its Blockchain entity in the UAE

South Korean gaming giant creator of Intella X establishes its Blockchain entity in the UAE

According to the Korean news site Newsis, Neowiz Holdings one of South Korea's leading game giants, the creator of Web3 gaming platform Intella X which... Details
Former CEO of Bahrain Fintech Bay joins Fasset digital asset exchange for MENA

Former CEO of Bahrain Fintech Bay joins Fasset digital asset exchange for MENA

Fasset digital asset exchange has appointed the former CEO of Bahrain Fintech Bay as General Manager for MENA region. Fasset digital asset exchange seeks to... Details
UAE NFT market to reach $4.7 billion USD by 2028 up from $1 billion in 2022

UAE NFT market to reach $4.7 billion USD by 2028 up from $1 billion in 2022

According to a report by ResearchAndMarkets, the NFT industry in the UAE is  expected to grow steadily, recording a CAGR of 32.1% during 2022-2028. The NFT Spend Value... Details
WEF to support UAE’s Blockchain and AI enabled Trade Tech Initiative

WEF to support UAE’s Blockchain and AI enabled Trade Tech Initiative

At Davos, the UAE government signed an MOU with WEF (World Economic Forum) to support UAE's new Blockchain and AI enabled Trade Tech initiative. The... Details
UAE emirate offers Soul NFT Plaques to honor partners

UAE emirate offers Soul NFT Plaques to honor partners

UAE’s government of Sharjah has honored its partners with the first Soul NFT (Non Fungible Token) plaque. Sharjah became the first in the world to... Details
UAE Abu Dhabi gaming government initiative to put gaming on the metaverse with AA Meta

UAE Abu Dhabi gaming government initiative to put gaming on the metaverse with AA Meta

As Abu Dhabi strives to become a global gaming hub through the AD Gaming government led initiative it is accelerating the growth of the region’s... Details
UAE has not granted a single operational virtual asset license VARA and UAE Minister announce

UAE has not granted a single operational virtual asset license VARA and UAE Minister announce

As HE Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications participated in the WEF session 'Finding the right balance... Details