On Friday, accountancy firm Mazars, engaged by Binance to provide a "proof of reserves" report, abruptly halted work with all crypto firms because of "public misunderstanding" of what they were providing. A "proof of reserves" report is not a full audit and gives no information about liabilities. Media reports suggested...

Beijing is ready to expand its crude oil trade with Riyadh and will "list Saudi Arabia as a destination country for outbound tourism organized by Chinese citizens, says Xi Jinping.

People share ideas or content or experiences that reinforce their values or their sense of identity, which is good for their “personal brand”. There’s no better marketing than friends and family recommending products to their peers. Eventually, customers will become custodians of brands, he adds.

DUBAI, UAE - The Dubai Health Authority recently won the 'Best in Future of Operations' category at the International Data Corporation's (IDC) edition of the IDC Future Enterprise Awards. DHA was recognized as an entity that has successfully rethought the ways in which its operations are managed keeping digital transformation...

Britain's Trade Secretary Kemi Badenoch and Ukrainian Economy Minister Yulia Svyrydenko will meet in London to unveil the deal, the government said in a statement. "Trading digitally is particularly important in the current conflict, where damage to Ukrainian infrastructure and warfare makes it much harder to trade physically," the statement...

“Some big techs are facing crisis with large-scale layoffs and investment cuts. As digital space offers enough space and opportunity for diverse players, when they aggregate together and push back against the big giants, that will be the beginning of the defeat of the big tech,” he adds.

ABU DHABI, UAE - Abu Dhabi Islamic Bank (ADIB) announced that its retail customers were able to conveniently participate in the subscription of initial public offerings (IPOs) that were issued this year through its mobile app. ADIB said that 80 percent of clients subscribed IPOs that were issued in 2022...

Abu Dhabi, UAE— The Abu Dhabi Department of Economic Development (ADDED) has partnered with Prototype Interactive to support inventors in developing their ideas into innovative digital and technological applications that will contribute to a sustainable economy. The Memorandum of Understanding (MoU), signed between COAD and Prototype Interactive, allows inventors to...

Sheikh Hamdan bin Mohammed, who is also Dubai’s Higher Committee of Future Technology Development and Digital Economy Chairman, said this while approving the new phase of the Dubai Metaverse Strategy aimed at enhancing the digital economy and implement measures to empower the use of future technologies.

ADIB Securities is a Shari'a-compliant brokerage firm in the UAE.

Dubai Electricity and Water Authority (DEWA) has successfully concluded its awareness campaign among customers about its innovative digital services on electricity and water efficiency, reducing wastage and leaks, and following a responsible and sustainable lifestyle.

The embrace of digital services by it customers drove growth.

SEOUL, S. KOREA - South Korea and a group of Arab countries will hold another round of negotiations for their free trade deal next week, Seoul's trade ministry said Sunday. South Korea and the Gulf Cooperation Council (GCC) will begin the sixth round of official talks for a bilateral free...

Dubai Electricity and Water Authority (DEWA) recorded substantial growth of 22 percent in investments allocated to transmission substations during the first half of 2022, compared to the same period last year.

Abu Dhabi Chamber of Commerce and Industry (ADCCI) will launch a new platform for Abu Dhabi's business community in order to support digital transformation.

LuLu Exchange – one of UAE’s leading financial service providers, announced that it has signed an agreement with the country's Ministry of Interior to launch a digital KYC process through new-age facial recognition on its cross-border payments app, LuLu Money.

MENA residents' satisfaction and expectations about how services can and should be delivered have been radically altered due to the COVID-19 pandemic.

The firm approved a $1 billion share buyback after Q2 result.

A Saudi Arabian delegation led by Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha is on a visit to Oman.

Abu Dhabi, UAE - OneConnect Financial Technology launched Saturday its regional operations in Abu Dhabi Global Market, local media reports said. A Technology-as-a-Service provider for financial institutions, it will support fintech ecosystem and enhance digital transformation of UAE's financial services. ADGM and OneConnect worked on creating the ADGM Digital Lab,...

The facility will enable clients globally to conduct meetings via a virtual platform, offering a unique and semi-realistic experience.

Dubai ranked fifth globally and first in the Arab World in the Local Online Service Index (LOSI) 2022 issued by the United Nations as part of its biennial e-government survey.

Adoption of metaverse technologies is part of the UAE government's strategy to diversify its economy away from oil as the country focuses on innovation and talent development.

MD & CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer met a delegation from the Unified Economic Opportunity Commission of the Utah House of Representatives, USA.

Qatar science and Technology Park (QSTP) has deepened its partnership with Iberdrola Innovation Middle East by signing an agreement to increase Iberdrola's research, development and innovation-based activities.

The eighth World Green Economy Summit (WGES) will explore ways to improve global food security, sustainability of the food systems and the contribution of the agriculture and food production sectors to achieve a net zero future.

The digital bank is co-owned by ADQ, Etisalat, and others.

UAE's Telecommunications and Digital Government Regulatory Authority (TDRA) has announced that it has become a member of the European Foundation for Quality Management (EFQM).

Riyadh, Saudi Arabia -Saudi Arabia has approved the establishment of duty-free markets, when necessary, at air, sea and land ports and on-board ships and aircraft. The kingdom's Zakat, Tax and Customs Authority (ZATCA) had invited the public to express their opinion on the draft Free Market Rules through “Istitlaa” platform...

The kingdom is the largest economy in the Middle East, making it a key market for any firm operating in the region.

Property developers are imitating their peers in retail and hospitality and catering to the tech savvy Gen Z tenants and homeowners with more personalized products and services.

Ajman Bank and Mastercard have partnered to launch Touch Card, a payment card that will allow blind and partially sighted people to easily facilitate payments and distinguish between their cards.

Despite ease in the measures set to combat the COVID-19 pandemic, electronic payments in the Gulf countries surged more than cash transactions in several other Arab countries.

Remote work seems to be here to stay, and digital transformation will continue to facilitate it. For companies that haven’t embraced it, now is the time to invest in the digital transformation strategies that enable remote work, and in the technologies that spur digital transformation, Kazak points out.

The Central Bank of the United Arab Emirates has issued its Financial Stability Report for 2021, which outlines the measures taken by the CBUAE to support the national economy during the COVID-19 pandemic and safeguard the stability of the financial system.

Net sentiment for traditional banks is higher than those for challenger banks as the former have a long history in the market and have proved to be trustworthy and reliable.

From optimizing the purchasing ecosystem to driving personalization and developing schemes that help consumers with finance management, retailers must work harder.

Dubai Chamber of Digital Economy, one of three chambers operating under the umbrella of Dubai Chambers, has announced the formation of the Dubai Digital Assets Business Group (D2A2), which aims to strengthen the digital asset industry’s role in the economic development of the UAE and the wider Middle East region,...

A high penetration of digital technologies and a tech-savvy younger consumer base among the factors that make the region a fertile ground for the flourishing of online banking. The present laws and regulations in most GCC countries have significantly influenced this sector's development. Aiding the region in its embrace of...

The establishment of over 40 financial free zones in the UAE has encouraged innovation in digital banking. The fintech market in Saudi Arabia, meanwhile, is expected to grow by 55 percent by 2033.

Forward-leaning financial institutions are ready to seize strategic opportunities to secure their stake in the future of Web 3.0. Right strategies will help traditional banks in giving an edge to their competitors in the cyberspace.

UAE will set up the country’s first Industry 4.0 Enablement Centre aimed at promoting, enabling, and supporting the digital transformation and the adoption of Industry 4.0 technologies across the country’s manufacturing sector. UAE’s Ministry of Industry and Advanced Technology (MoIAT) and EDGE, which signed a memorandum of understanding, will explore...

An Ethiopian delegation of 10 members, comprising decision-makers from the public and private sector, visited Dubai Chambers between July 25- 30.

UAE’s publishing sector has grown by 150 percent during the current decade and it will reach $650 million in 2030, according to a report by Pricewaterhouse Cooper, which estimates that global media and entertainment services sector will reach $2.4 trillion next year. The report said the UAE accounts for 25...

The United Arab Emirates has formed a committee that aims to supervise and guide the development of the digital ecosystem in the country. The committee will also enhance readiness, competitiveness, flexibility and digital alignment between projects and digital systems in federal government agencies, an official statement said. The formation of...

Pushing intelligence out to the edge will drive change in the design of our products, services, processes, and organizations, and transform how decisions get made – giving greater autonomy to the devices at the edge. The only question is: how quickly can you respond to start building the future? he...

Morocco and Israel added legal links to a growing list of cooperation accords since they normalized relations in 2020, during a visit Tuesday by Israeli Justice Minister Gideon Saar. He signed a judicial accord in Rabat with his Moroccan counterpart Abdellatif Ouahbi. A joint statement said the two countries would...

An agreement between Dubai Land Department and Emirates NBD eliminates the need for manually managing postdated cheques submitted to landlords.

France's central bank said Tuesday it will push ahead with the second phase of its experiment with a digital euro with the aim of rolling out the cryptocurrency next year. Last year, the Banque de France successfully completed the first stage of its experiment with a central bank digital currency. "We'd...

Based on the mutual market access model, Tabadul will allow investments across Bahrain Bourse and Abu Dhabi and enable investors to trade directly on both exchanges through licensed brokers in both markets.