MENA News
Unlock is the only official source of Blockchain and Crypto news from MENA region. latest projects and implementations in Dubai, Abu Dhabi, Bahrain, Saudi Arabia and other regional countries in the Middle East and north Africa.
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Following the crash of giant crypto exchange FTX and all the turmoil it caused, crypto enthusiasts and investors have been constantly withdrawing their assets from exchanges. In fact, trust and security are two main pillars of any potential investment. However, with the current events and market conditions, there is no doubt that this hasn’t been the case, as users are more aware of the types of wallets available for use.…
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SwissBorg, a cryptocurrency wealth management app in Europe, has launched in the UAE, offering a safe and easy app to invest and earn interest on assets through Web 3.0. The award-winning app’s formula for mass adoption is two-fold — simplicity and automation — to help anyone regardless of age or skills, become a community member. SwissBorg brings more than six years of expertise to the UAE, introducing a digital asset…
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Kunlun Digital Technology, backed by the China National Petroleum Corporation, and eWTP Arabia Capital, a venture that relies on marquee investors including Saudi Arabia’s PIF, signed a memorandum on cooperation (MOC), aimed at accelerating the digitalization process of petroleum, gas, and energy organisations in the MENA region. The first digital transformation project that the venture will undertake is in Saudi Arabia. The MENA region is recognized as a leader in…
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The 2nd edition of Web3 Delight took place in Abu Dhabi on the 15th of November, during the Formula 1 and FinTech week, and has attracted over 3,000+ in-person and online participants from over 40 countries worldwide. Web3 Delight Abu Dhabi was designed around Web3 value chain, in other words, the critical question addressed was, ‘What does it take to generate value at each stage of the Web3 value chain?!’ …
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Hex Trust, the leading fully licensed and insured provider of bank-grade custody and associated services for digital assets, has received the Minimum Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). This follows the issuance of its provisional license in June 2022. The MVP license will allow Hex Trust to provide a wide range of virtual asset services to [institutional clients and sophisticated investors] in Dubai within…
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Phoenix Group and Cypher Capital, venture capital firms located in the UAE, held a gala event announcing several new partnerships, ventures and investments at 88Terrace. Munaf Ali, CEO at Phoenix Group, opened the evening by announcing a new partnership with Kevin O’Leary and O’Leary Financial Group for Cypher Capital along with an exciting new platform for the group in the form of Fenix Games, a web3 based gaming platform. He…
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Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of The Executive Council of Dubai, and Chairman of Dubai’s Higher Committee of Future Technology Development and Digital Economy, has approved the new phase of the Dubai Metaverse Strategy, which will implement measures to empower the use of the metaverse and future technologies. The new phase of the strategy was approved at the first meeting of the…
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Fenix Games, a newly formed company founded by former Mythical Games executives has raised $150m from Phoenix Group to redefine games publishing for Web 3.0. The Dubai-based games company will use the funds to build a global team and form publishing partnerships with both traditional “Web 2.0” developers interested in the transition to blockchain as well as blockchain native companies looking to succeed in the rapidly growing Web 3.0 games…
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In a mission to expand its services and accelerate blockchain adoption through the African continent, DIFX has officially partnered with the South African digital banking platform eZaga. Over the past 2 years alone, the African continent has become a well-developed crypto market that has seen deep penetration and integration of cryptocurrency into everyday financial activities for many users. In fact, the Chainalysis report for June 2022 showed that Sub-Saharan Africa was the overall…
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Food, the blessed commodity that fuels our bodies and fires our minds, is known to be the essential building block of our health and happiness. But, what if you find out that food is not accessible to everyone, and that bold steps need to be taken to ensure our food security now and in the future? This thought drove Emirati entrepreneur and innovator Khalifa AlJaziri on a unique mission to…
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