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.
-
Network International LLC (Network), a key player in digital commerce across the Middle East and Africa (MEA) region, has announced its acquisition of a stored value facility (SVF) license from the Central Bank of the UAE. This milestone achievement will fortify Network’s role in boosting the UAE’s growing digital payment landscape. The issuance of this license underscores Network’s commitment to supporting FinTech and Financial Institutions while contributing to the advancement…
Read More » -
ENOC Group, a leading integrated global energy player, has appointed the innovative technology loyalty partner, Loyyal, to integrate Access Point, their self-service platform, into the Group’s rewards programme. This move will revolutionize the ‘YES’ rewards program, allowing members to seamlessly earn and redeem points across a vast network of merchants, powered by Loyyal’s cutting-edge blockchain technology. With numerous businesses in Loyyal’s partner network, members can expect unparalleled flexibility and convenience in earning and redeeming rewards. His Excellency Saif Humaid…
Read More » -
CoinMENA, licensed in both Bahrain and the UAE (CoinMENA B.S.C. and CoinMENA FZE, respectively), announces a partnership with Zodia Markets. Zodia Markets, a UK-based digital asset trading business backed by Standard Chartered, is renowned for its industry-leading trading infrastructure and operational efficiency. This partnership aims to enhance liquidity and reduce slippage on high-volume trades for G10 and GCC currencies against a curated selection of stablecoins and crypto assets for CoinMENA…
Read More » -
Medad Holding and Franklin Templeton have united in a groundbreaking partnership set to transform the financial landscape of the United Arab Emirates (UAE). This collaboration is centered on introducing a pioneering tokenized digital asset – the yieldcoin. Yieldcoins represent a fusion of traditional financial instruments with cutting-edge blockchain technology, offering investors a new paradigm for investment. Yieldcoins: Merging Stability and Flexibility By amalgamating the stability of a money market fund…
Read More » -
Outer Edge, one of the pioneer events in the world of Web 3, tech, culture, and entertainment, today announced a partnership with Animoca Brands, the company advancing digital property rights for gaming and the open metaverse, and King Abdulaziz City for Science and Technology (KACST), the national labs of the Kingdom, to debut Outer Edge Riyadh on 23 April. The dynamic event is set to bring together some of the…
Read More » -
Richard Teng, leading Binance in the wake of regulatory turbulence, has secured a significant victory: the much-anticipated full crypto license from VARA in Dubai. Binance FZE, the Dubai entity of the world’s leading global virtual assets services provider, today announced that it has received the Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). This license, subsequent to the previous issuance of the Minimum Viable Product…
Read More » -
Varys Capital (“Varys”) has announced a strategic collaboration with FundRock Investment Management Services (ME) Ltd (“FundRock”), a fund management firm licensed by the FSRA. Together, they will oversee the management of Varys Capital Ventures (CEIC) Limited, a feeder fund operating within the Abu Dhabi Global Market (ADGM). This feeder fund will allocate its assets into a Master Fund initially established as an early-stage venture fund with a primary focus on…
Read More » -
Microsoft (MSFT.O) is making a major move in the realm of artificial intelligence (AI) by investing $1.5 billion in the United Arab Emirates-based firm G42. This investment not only secures Microsoft a minority stake in G42 but also grants the tech giant a seat on G42’s board, facilitating deeper collaboration between the two entities in the fiercely competitive global tech landscape. As part of the agreement, G42 will leverage Microsoft…
Read More » -
INABLR Middle East W.L.L (INABLR) stands at the forefront of Bahrain’s rich legacy in Islamic finance, as it successfully graduates from the Central Bank of Bahrain’s (CBB) Regulatory Sandbox, unveiling a groundbreaking Proof of Concept (POC) for fractionalized Sukuk (Islamic Bonds). This milestone not only signifies a leap forward for INABLR but also underscores Bahrain’s historical leadership in financial innovation. With a reputation as the cradle of Islamic banking, Bahrain…
Read More » -
Karak Network, a groundbreaking blockchain solution developed by Andalusia Labs Ltd., a company registered in Abu Dhabi Global Market (ADGM), has made a significant splash in the industry. Just months after securing a hefty $48 million investment round in December 2023, Karak went live in April 2024, showcasing their innovative approach to blockchain security. Billion-Dollar Valuation for Disruptive Technology The Series A funding round not only fueled Karak’s growth but…
Read More »
