TECHNOLOGY

GCEX gets virtual asset licence in Dubai

UK-based digital assets brokerage GCEX Group has secured a licence for its virtual assets broker-dealer service in Dubai. The licence from the Virtual Asset Regulatory...

UAE investment tech market to grow by 145%

The investment technology sector in the UAE is forecast to more than double within the next two years, thanks to the rapid development of...

ADGM announces AI regulatory initiative

The Financial Services Regulatory Authority (FSRA), the supervisory arm of Abu Dhabi Global Market (ADGM), is planning to explore the use of artificial intelligence...

Backpack to launch crypto exchange in Dubai

Web3 wallet and NFT provider Backpack is set to launch a regulated cryptocurrency exchange in Dubai after receiving a licence from the Dubai Virtual...

PIF to launch digital asset management platform

Saudi Arabia’s sovereign wealth fund, the Public Investment Forum (PIF), has unveiled a digital platform designed to forge closer links with external fund managers. The...

Emirates NBD launches digital wealth service

UAE-based financial services group Emirates NBD has launched a digital wealth platform to trade securities and ETFs. The platform is embedded within the mobile trading...

Alkhair Capital launches sharia healthcare fund

Dubai-based asset manager Alkhair Capital has launched an Islamic fintech fund focused on the healthcare sector. The Alkhair Capital Healthcare Sector Fund is a Sharia-compliant,...

Binance mulls Middle East expansion

One of the world’s largest crypto exchanges is considering deepening its presence in the Middle East amid growing regulatory issues elsewhere. Binance was granted a...

Mumtalakat increases stake in McLaren

Bahrain-based sovereign wealth fund Mumtalakat has acquired the senior preference shareholders’ stakes in UK tech group McLaren. The company, known for its Formula One racing...

Qatar welcomes first independent VC fund manager

Newly launched Rasmal Ventures has reportedly become the first independent venture capital (VC) fund manager to operate within the Qatar Financial Centre (QFC). The firm,...