Standard Chartered, a licensed crypto custodian in the UAE, has partnered with OKX to introduce a collateral mirroring program. This initiative, operating under the regulatory framework of Dubai’s Virtual Asset Regulatory Authority (VARA), allows institutional clients to use crypto and tokenized money market funds as off-exchange collateral for trading. According to MSN, the pilot program...
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Tag: digital transformationFree Wi-Fi Rolls Out at 29 Public Transport Locations in Dubai
The Roads and Transport Authority (RTA) of Dubai has successfully completed the rollout of free wi-fi services at 29 public transport locations across the emirate. This initiative includes 17 public bus stations and 12 marine transport stations, making it easier for commuters to stay connected while traveling. The free wi-fi is accessible on various devices,...
Al Ansari Financial Services Completes Acquisition of BFC Group
Al Ansari Financial Services PJSC (AAFS), an integrated financial services group in the UAE and parent company of Al Ansari Exchange, has successfully finalized its acquisition of BFC Group Holdings (BFC). This deal, valued at USD 200 million, positions AAFS as the largest non-banking financial institution (NBFI) in the Gulf Cooperation Council (GCC) region, particularly...
AppyThings Expands Operations in META Region to Drive Digital Transformation
AppyThings, a Google Cloud-specialized IT integration partner based in the Netherlands, is expanding its presence in the Middle East, Turkey, and Africa (META) region. The company aims to meet the growing demand for secure, agile, and cloud-native integration services, which are crucial for accelerating digital transformation in one of the world’s fastest-growing digital economies. Since...
Vehere Expands in the Middle East Focusing on UAE, KSA, and Bahrain
Vehere, a leader in cybersecurity solutions, is significantly enhancing its presence in the Middle East, with a particular emphasis on the United Arab Emirates, the Kingdom of Saudi Arabia, and Bahrain. This expansion aims to meet the increasing demand for cybersecurity services as enterprises navigate a complex digital landscape. The company’s strategic initiatives in the...
Tap Payments Receives UAE License, Expands Regulatory Coverage Across GCC
Tap Payments has secured a Retail Payment Services License from the Central Bank of the UAE (CBUAE), completing its regulatory approvals throughout the Gulf Cooperation Council (GCC). With this new license, Tap Payments is now one of the most licensed payment providers in the region, reinforcing its commitment to compliance as it works to unify...
TradeTech Forum Accelerates Digital Trade Systems
The TradeTech Forum, held at the ADNEC Center in Abu Dhabi, serves as a significant platform for advancing digital trade systems globally. The event is jointly hosted by the UAE Ministry of Economy, the Abu Dhabi Department of Economic Development (ADDED), and the World Economic Forum. This year, the forum unites global leaders, technology innovators,...
OPSWAT Opens New Office in Riyadh to Boost Cybersecurity Efforts
OPSWAT, a global leader in critical infrastructure protection (CIP) solutions based in Tampa, Florida, has officially opened its new office in Riyadh, Saudi Arabia. This move signifies the company’s commitment to the rapidly growing cybersecurity market in the Kingdom and its alignment with Saudi Arabia’s digital transformation initiatives. As Saudi Arabia is poised to become...
Sandstone Media Forms Strategic Partnership with Techbot Information Technology LLC
Sandstone Media, a prominent strategic communications agency based in Dubai, has announced a new partnership with Techbot Information Technology LLC. Techbot is recognized as a leading Odoo implementation partner specializing in business automation and digital transformation. This collaboration aims to enhance Techbot’s brand positioning, media engagement, and industry visibility within the UAE market. Through this...
Hamdan bin Mohammed Launches ‘MyDubai Communities’ Digital Platform
His Highness Hamdan bin Mohammed, the Crown Prince of Dubai, has launched the ‘MyDubai Communities’ digital platform. This initiative aims to enhance the success of the #MyDubai initiative, which encourages residents and visitors to share their experiences and highlights of living in Dubai. The platform is designed to foster a sense of community and engagement...