United Arab Emirates

JPMorgan Expanding UAE Services to Wholesale Banking Clients
JPMorgan Expanding UAE Services to Wholesale Banking Clients
November 27, 2023  |  Banking

J.P. Morgan says it is expanding its presence in the United Arab Emirates (UAE). The banking giant announced Monday (Nov. 27) that it will begin...

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Binance Founder Seeks to Prove He’s Not a Flight Risk
Binance Founder Seeks to Prove He’s Not a Flight Risk
November 26, 2023  |  Legal

Binance’s founder is fighting the Justice Department’s efforts to keep him in the U.S. Changpeng Zhao pleaded guilty last week to failing to maintain proper anti-money laundering standards...

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Preferred Payment Methods and Rewards Among Most In-Demand Digital Shopping Features in UAE
Preferred Payment Methods and Rewards Among Most In-Demand Digital Shopping Features in UAE
November 23, 2023  |  eCommerce

Shoppers in the United Arab Emirates (UAE) have a strong inclination toward digital features in their shopping journeys. Ninety-four percent of consumers in the Middle...

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Dubai Crypto Chief Stepping Down Amid Regulatory Push
Dubai Crypto Chief Stepping Down Amid Regulatory Push
November 16, 2023  |  Cryptocurrency

The head of Dubai’s cryptocurrency authority is reportedly resigning after 11 months on the job. Henson Orser, who became CEO of the Virtual Assets Regulatory Authority (VARA)...

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Standard Chartered and SBI Create $100 Million Crypto Investment Firm
Standard Chartered and SBI Create $100 Million Crypto Investment Firm
November 09, 2023  |  Cryptocurrency

Standard Chartered Ventures and SBI Holdings are forming a $100 million company to back cryptocurrency startups. The new venture will be based in the United Arab Emirates (UAE)...

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Riyadh-Based Buy Now, Pay Later Platform Tabby Raises $200 Million
Riyadh-Based Buy Now, Pay Later Platform Tabby Raises $200 Million
November 01, 2023  |  BNPL

Tabby, a buy now, pay later (BNPL) platform based in Riyadh, has raised $200 million in its Series D funding round, achieving a valuation of...

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UAE Central Bank Launches Instant Payment Platform Aani
UAE Central Bank Launches Instant Payment Platform Aani
October 17, 2023  |  Faster Payments

The Central Bank of the United Arab Emirates (CBUAE) has introduced Aani, an instant payments platform.  Developed by Al Etihad Payments (AEP), a subsidiary of CBUAE,...

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Thailand Ranked First Globally in Real-Time Payments Transactions per Capita
Thailand Ranked First Globally in Real-Time Payments Transactions per Capita
September 01, 2023  |  Real-Time Payments

The value proposition of real-time payments is undeniable: payments initiated, cleared and completed in just seconds — at any time. In other words, payees get...

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The Most Satisfied Shoppers Are Found in the UAE — How Other Countries Can Catch Up
The Most Satisfied Shoppers Are Found in the UAE — How Other Countries Can Catch...
July 31, 2023  |  eCommerce

Consumers worldwide are increasingly using digital features to enhance their shopping journeys, but few markets have adopted digital as quickly as the United Arab Emirates....

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