Tag: UAE

Dubai Police Employs Cardano To Secure Its Criminal Investigations

The Dubai Police has embarked on a pilot project that harnesses the Cardano blockchain to bolster the security and integrity of data from...

Nexo Ventures into Dubai’s Crypto Landscape with VARA Preliminary Approval

Nexo has secured preliminary approval from Dubai's Virtual Assets Regulatory Authority (VARA). The firm remains committed to aligning its market strategies with...

Anticipating Phoenix: UAE’s Crypto Trailblazer Delays IPO for National Day

Cryptocurrency mining firm Phoenix Group is poised for its IPO debut after experiencing substantial oversubscription, highlighting robust investor interest. The rescheduled listing date...

BRICS admit six countries to the bloc, seeks to boost local currency lending

BRICS total GDP now stands at US$30.76 trillion, controlling about 30 percent of the global economy The new countries to join BRICS include...

India and UAE agree to settle trade in Rupees ahead of BRICS summit

The two nations will settle trade using the India Rupee and drastically cut foreign exchange costs. Real-time payment system will allow for seamless...

UAE sets out a strategy to launch CBDC

The CBUAE has engaged with two companies, G42 Cloud and R3, to support the implementation of a Central Bank Digital Currency The first...