IMF: Bahrain, Saudi Arabia and UAE are in advanced CBDC stages

IMF: Bahrain, Saudi Arabia and UAE are in advanced CBDC stages

In a recent IMF blog, the International Monetary Fund noted that almost two-thirds of countries in the Middle East and Central Asia are exploring adopting... Details
UAE Central Bank commences domestic CBDC payments

The Central Bank of UAE commences domestic CBDC payments phase

The Central Bank of the UAE (CBUAE)is planning for phase two implementation for domestic CBDC payments after the Central Bank with the Bank for International... Details
Saudi Arabian Central Bank joins MBridge CBDC project

Saudi’s Central Bank joins CBDC project, Mbridge

As the BIS (Bank for International Settlements) announced that it had reached a minimum viable product stage, Saleh Algrayan, AI Advisor at Bank for International... Details
Qatar tests CBDC for settlement of large payments

Qatar tests CBDC for settlement of large payments

 The Qatar Central Bank (QCB) has announced the completion of the development of the infrastructure for the Central Bank Digital Currency Project (CBDC) and the... Details
Pravica launches S3 testnet for CBDCs and stablecoins on sui blockchain

Pravica launches S3 testnet for CBDCs and stablecoins on sui blockchain

Money Tokenization built on blockchain just got an enormous boost with the launch of UAE and Egyptian based Pravica’s S3 (Stablecoin Studio on Sui) testnet... Details
CBDC and tokenization on the table in Oman with R3

CBDC on the table in Oman with R3

In a Linkedin Post, Bryan D’Souza, Head of Business Development and Partnerships MENA at R3 expressed his positivity to be back in Oman discussing the... Details
The Central Bank of UAE makes first official CBDC transaction to China

The Central Bank of UAE makes first official CBDC transaction to China

According to WAM news agency, as part of UAE’s Central Bank 50th anniversary, His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime... Details
Saudi Bank to patent Blockchain system for CBDCs

KSA Bank to patent Blockchain system for CBDCs

The Saudi Islamic Development Bank Institute (IsDBI) is working to patent a Blockchain system for smart stabilization for CBDCs and digital assets after receiving a... Details
R3 bolsters its presence in GCC and MENA with the relocation of its Business development manager to Abu Dhabi

R3 Blockchain Bolsters its presence in GCC with relocation of its Head of partnerships to Abu Dhabi

R3 Blockchain is establishing itself more in the GCC and MENA region, with Bryan D’Souza announcing his move to Abu Dhabi as Business Development and... Details
UAE and China Central Banks cooperate on CBDC beyond mbridge project

UAE and Chinese central Banks go beyond Mbridge CBDC project with new MOU on CBDC collaboration

The Central Bank of the UAE (CBUAE) and the People’s Bank of China has signed an MOU (Memorandum of Understanding) to enhance technical and technological... Details