by PREMA Team | Apr 29, 2025 | Business
IHC, ADQ, and First Abu Dhabi Bank (FAB) have announced plans to launch a new stablecoin backed by Dirhams, which will be fully regulated by the Central Bank of the United Arab Emirates (CBUAE) and issued by the UAE’s largest bank, FAB (subject to regulatory...
by PREMA Team | Apr 28, 2025 | Business
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of the Board of Trustees of the Dubai Future Foundation, has launched the Dubai AI Academy, a new initiative to mainstream artificial...
by PREMA Team | Apr 25, 2025 | Business
Pay10, a UAE-based Alternative Payment Method (APM) provider, has become the first fintech company to achieve production status on the Central Bank of the UAE’s Open Finance Framework. This development authorises the company to provide payment initiation services,...
by PREMA Team | Apr 24, 2025 | AML, Business
The Central Bank of the UAE (CBUAE) has imposed financial sanctions on a bank operating in the UAE for failing to comply with the Anti-money Laundering and Combating the Financing of Terrorism and Illegal Organisations policies and procedures....
by PREMA Team | Apr 23, 2025 | Business
The UAE financial technology (fintech) market is expected to reach $3.56bn in 2025, and $6.43bn by 2030, with a compound annual growth rate (CAGR) of 12.56 per cent, positioning the country among the fastest-growing global markets. A report,...
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