Dubai Denies Rumours of Issuing Gambling Licences

Dubai Government has issued a statement denying social media reports that the emirate has started issuing licenses for gambling activities. The Government of Dubai Media Office said reports circulating on so...

Abu Dhabi Bank Makes Islamic Blockchain Breakthrough

Al Hilal Bank of the United Arab Emirates has sold an Islamic bond, or ‘sukuk’, using blockchain technology, the first bank to do so. The deal was worth $500 million, and the contract to be redeemed in Septem...

UAE Approves Plans to Regulate ICO Tokens as Securities

The UAE’s financial regulator is taking the final steps to regulate the way that blockchain start-ups are raising money – initial coin offerings – and has warned of the many risks involved. The watchdog is pr...