Dubai is actively positioning itself as a global center for artificial intelligence (AI) and is seeking the assistance of Indian entrepreneurs, startups, and talent to propel this transformation. Younus Al Nasser, the chief executive of the Dubai Data and Statistics Establishment at Digital Dubai, discussed the Emirate’s ambition to become the global capital for AI...
The Financial Services Authority (FSRA), the regulatory arm of Abu Dhabi Global Market (ADGM) located in Abu Dhabi, has announced amendments to its digital asset regulatory framework. These changes are effective immediately, according to a press release from the FSRA. The amendments come after extensive industry engagement and feedback on Consultation Paper No. 11 of...
The Financial Services Authority (FSRA) of Abu Dhabi Global Market (ADGM) has announced the immediate implementation of amendments to its regulatory framework for digital assets. This decision follows extensive industry engagement and feedback on Consultation Paper No. 11 of 2024. The key focus of the amendments is on revising the process for accepting Virtual Assets...
Dubai’s real estate market is undergoing a significant transformation, with tokenisation gaining traction. In May alone, property sales processed through blockchain-based platforms exceeded $399 million, which represents 17.4% of the total real estate transactions for the month. This shift towards digitised ownership models highlights a growing trend in the market. The developments in Dubai’s real...
The Dubai Land Department (DLD) has joined forces with the Ajman Free Zones Authority (AFZA) to facilitate freehold ownership access for companies registered within the free zone. This partnership aims to streamline the registration process for real estate transactions, enhancing the ease with which businesses can secure land and property ownership in the region. The...
Today, H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, led the 87th meeting of the Council, which took place virtually. The meeting included key officials such as Saeed Mohammed Al Tayer, Vice Chairman, and Ahmed Buti Al Muhairbi, Secretary-General, along with board members from various sectors, including Marwan...
The UAE Cabinet has officially approved the executive regulations for organizing the legal profession and legal consultancy. This initiative aims to enhance the judicial system in the country and to improve indicators related to the rule of law and the enforcement of justice, ensuring timely fairness built on concepts of partnership and integration. The new...