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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Abu Dhabi‘s prominence in the global technological landscape has been reaffirmed with the launch of MGX, a pioneering global technology investment company aimed at spearheading advancements in artificial intelligence (AI). Led by heavyweight partners Mubadala Investment Co. and G42, MGX sets its sights on surpassing $100 billion in assets under management. Ahmed Yahia Al Idrissi, Chief Executive Officer of Mubadala’s direct investments platform, will lead MGX as its CEO, steering…
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The year 2023 marked a significant resurgence for global crypto markets, with prices and market sentiment rebounding positively after the tumultuous events of the previous year. According to the latest insights from the Chainalysis report ‘2023 Cryptocurrency Gains by Country’, the global crypto investor community collectively achieved total gains of US$37.6 billion throughout the year. While this figure falls short of the remarkable US$159.7 billion gains witnessed during the 2021…
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Dubai Multi Commodities Centre (DMCC), the world’s leading free zone and the authority under the Dubai Government specializing in commodity trade and projects, released its annual report for the year 2023, marking one of its best years ever with a significant influx of new companies into its business district. In the past year alone, 2,692 new companies joined the center, bringing the total number of registered companies to over 24,000.…
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Animoca Brands has recently announced a significant partnership with King Abdulaziz City for Science and Technology (KACST) aimed at driving innovation in the Web3 and gaming landscape within Saudi Arabia. This strategic Memorandum of Understanding (MOU) underscores Animoca Brands’ commitment to advancing technological growth and fostering innovation in collaboration with key stakeholders like KACST. The partnership is set to revolutionize the digital landscape in Saudi Arabia, marking a crucial step…
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In a recent exclusive interview With Unlock Blockchain, Richard Crook, the newly appointed CEO of HAYVN, provided insights into the company’s future trajectory and Vision for future success while addressing pivotal challenges, heralding a transformative phase for the firm. From the outset, Crook conveyed his gratitude for assuming the helm at HAYVN, underscoring his unwavering dedication to the company’s overarching vision. Notably, he shed light on the significant milestone achieved…
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Tencent Cloud, a division of the Chinese conglomerate Tencent offering cloud services, has entered into a memorandum of understanding (MoU) with the United Arab Emirates’ specialized free economic zone focusing on cryptocurrencies. The aim is to support the growth of startups through various initiatives. Announced on March 7 by Ras Al Khaimah Digital Asset Oasis (RAK DAO), the MoU with Tencent Cloud aims to explore avenues for mutual growth. Initially,…
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Saqr Ereiqat, a prominent figure in the Middle East blockchain sector and co-founder of Crypto Oasis Ventures, has recently taken on the role of Chief Executive Officer at TDMM and joined TradeDog Group (TDG) as a partner, signifying a strategic shift towards a more internationally focused position. Ereiqat brings a wealth of experience, expertise, and vision to both TDMM and TradeDog Group, backed by a proven track record of delivering…
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LEAP 2024, renowned as the world’s premier global technology conference, made a groundbreaking announcement today, revealing a colossal $11.9 billion injection into deep and emerging technologies, innovation, and cloud computing both in Saudi Arabia and on a global scale. This substantial investment further solidifies the Kingdom’s status as the largest market and digital economy in the Middle East and North Africa (MENA) region for leading technology firms like Amazon Web…
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The Central Bank of the UAE (CBUAE) has recently announced the culmination of the UAE’s fulfillment of the Financial Action Task Force’s (FATF) prescribed Action Plan, marking the nation’s exit from the enhanced monitoring process. This achievement highlights the collaborative endeavors of national entities to combat money laundering and terrorism financing, alongside extensive cooperation with global partners and institutions to uphold the integrity of the UAE’s financial system and beyond.…
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The registration of artificial intelligence (AI) companies in Abu Dhabi has soared by 67 percent between 2021 and 2023, according to a recent study by the Business & Economics Intelligence Sector at the Abu Dhabi Chamber of Commerce and Industry (ADCCI). This remarkable growth cements Abu Dhabi’s position as a frontrunner in the global AI landscape and underscores its dedication to leveraging technological innovations for sustainable progress. The study sheds…
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