UAE Archives - FortuneZ

Dubai Denies Rumours of Issuing Gambling Licences

April 27, 2021

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...

UAE, Saudi Arabian Central Banks Disclose Report On Project Aber CBDC Trial

November 30, 2020

UAE, Saudi Arabia central banks disclose report on project Aber CBDC trial. On November 29, central banks from two of the most strong economies in the Middle East released a study on the yearlong Joint Centra...

UAE Government Signs Deal With IESF To Promote Tolerance And Coexistence In Esports

July 21, 2020

UAE Government signs deal with IESF to promote tolerance and co-existence in eSports. IESF President Vlad Marinescu and UAE Minister for Tolerance and Coexistence His Excellency Sheik Nahayan Mabarak Al Nahya...

Bithumb Partners with Nvelop to Launch Crypto Exchange in the UAE

February 12, 2019

South Korean cryptocurrency exchange Bithumb is expanding its operations in the Middle East by opening a new fiat-to-crypto exchange in the United Arab Emirates (UAE), the South Korean Financial News reported...

Saudi Arabia and the UAE Central Banks to Create Joint Token

December 12, 2018

The Central Bank of the United Arab Emirates and the financial regulator of Saudi Arabia are working together to create a new cryptocurrency, according to Gulf News. A currency for the people The token is...

Abu Dhabi Bank Makes Islamic Blockchain Breakthrough

November 27, 2018

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

September 10, 2018

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...

RippleNet Adopted by UAE Exchange, One of World’s Largest Forex Firms

February 12, 2018

Ripple has announced a partnership with UAE Exchange, one of the world’s largest remittance and foreign exchange companies. More specifically, UAE Exchange will being using the RippleNet, a platform that use...

ADS Securities Promotes Bryan Seegers to Co-Head Global eFX Coverage

December 12, 2016

Abu Dhabi-based broker ADS Securities, a provider of foreign exchange (FX) and contracts-for-difference (CFDs), has promoted Bryan Seegers, the company’s former Director – Head of eFX Pricing & Execution,...