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Tag Archives: UAE

‘Who needs Messi when we have Passi’

'Who needs Messi when we have Passi'

   Nineteen-year-old Swapnil is so pumped about the India-UAE game that he and his friends have travelled to the Zayed Sports City stadium almost six hours ahead of kick-off. A college student based in Mumbai, Swapnil is one of 150 fans who have travelled together and will be seated together …

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Dubai Department of Finance Launches Blockchain-Based Payment System for UAE Gov’t

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The Dubai Department of Finance (DoF) has partnered with the Smart Dubai Office (SDO) to launch a blockchain-powered payment system. The news was reported on by a local news site Zawya, September 23. The new platform, called “Payment Reconciliation and Settlement,” was officially launched Sunday, September 23. It is reportedly …

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Abu Dhabi Regulator Calls for International Cryptocurrency Regulation Effort

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The head of the financial regulator of the United Arab Emirates (UAE) capital Abu Dhabi wants “proper” international regulation of cryptocurrency, local news outlet The National reports Wednesday, September 19. Speaking during an interview at this week’s Fintech Abu Dhabi event, Richard Teng, head of the Financial Services Regulatory Authority …

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Digital Currency Will ‘Soon Replace’ Cash Despite Hurdles

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A senior Dubai law enforcement official has predicted that digital currency will “soon” usurp cash, local news outlet Khaleej Times reported Sunday, September 16. Speaking during a panel he was heading, Lt-Gen Dhahi Khalfan Tamim, deputy chairman of the Dubai Police and head of general security in Dubai, said that …

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UAE Preparing to Adopt Formal ICO, Fintech Regulations, Local Media Report

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The United Arab Emirates (UAE) has approved a draft of regulations governing Initial Coin Offerings (ICO), local media outlet WAM reported Sunday, September 9 citing government sources. The reported move comes in addition to lawmakers in the country adopting plans for a regulatory sandbox aimed at attracting greater fintech activity. …

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How Cryptocurrencies Are Regulated in the Middle East

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On Sept. 4, the government of Bahrain, a constitutional monarchy in the Persian Gulf, emphasized the importance of blockchain for the country’s economy. While the kingdom seems to be taking a rather positive approach toward crypto, the Middle East at large has proven to be a difficult region for virtual …

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Mattis Supports Saudi War in Yemen, Rejects Privatizing Afghan Fight « Breaking Defense

Royal Saudi Air Force PENTAGON: Under increasing pressure from human rights groups and the United Nations, Defense Secretary James Mattis said Tuesday that Washington’s support for the Saudi-led coalition fighting in Yemen is “not unconditional,” following several high-profile attacks by Saudi jets that left dozens of civilians dead, including children. …

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UAE oil giant making ‘good progress’ with expansion plans in Saudi Arabia, executive says

Robert Nickelsberg/Liaison Welders work on the Strategic Petroleum Reserve pipeline on June 1, 1980, in West Hackberry, Louisianna. Begun under President Ford to reduce the threat of oil embargoes, the SPR crude oil is stored in huge underground salt caverns along the Gulf of Mexico, a natural choice due to …

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Iranian Crypto Ransomware Threat Will Rise in Today’s Geopolitical Climate, Report Predicts

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Iran-based malware that demands a digital ransom in cryptocurrencies is on the rise and will further escalate in the present geopolitical climate, according to a report published by global management consulting firm Accenture on August 7. After two years of analysis, Accenture Security iDefense predicts that emerging trends in the …

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