The move, according to the report, is part of a drive to develop a fintech sector in the Arab world’s biggest economy under reforms designed to reduce reliance on oil.
Education, Government
Preparing young Emiratis in AI is vital for UAE’s future, says minister
Omar Sultan Al Olama, UAE’s Minister of State for Artificial Intelligence, member of the Board of Trustees of Dubai Future Foundation and deputy managing Director, has revealed a new initiative that aims to equip the next generation of Emiratis with leadership skills.0 3522
Accelerating creative minds: FinTech Hive receives huge response this year
FinTech Hive has received an overwhelming response of over 300 applications that were created from all around the world – triple the number of applications received in 2017.
Abu Dhabi incubator revamps programme for Emirati tech entrepreneurs
startAD, the innovation and entrepreneurship platform anchored at NYU Abu Dhabi, has partnered with Khalifa Fund for Enterprise Development for the first time to present an updated version of Ibtikari (My Innovation).
Dubai promotes fintech innovation with new partnership
DIFC has signed a Memorandum of Understanding (MoU) with Finance Innovation, France’s official innovation cluster for the financial industry.
startAD opens applications for AI-focused sprint accelerator programme
startAD, the innovation and entrepreneurship platform anchored at NYU Abu Dhabi, has opened applications for its inaugural Artificial Intelligence (AI) Venture Launchpad.
Dubai DED strengthens support to e-Traders
The Business Regustration & Licensing (BRL) sector in the Department of Economic Development (DED), Dubai, has signed two separate agreements …
FinTech set to catapult GCC cybsersecurity market to $8 billion
Banking and finance security innovations in the UAE is set to drive the GCC’s cybersecurity market to $8 billion in 2018 as organisations optimise emerging technologies such as facial recognition. iris scans and crypto currency.
RTA diversifies payment methods for Dubai motorists
The Dubai Roads and Transport Authority (RTA) has recently enabled payment of fees using Near Field Communication (NFC) technology of smartphones and devices at Customer Happiness Centres.
UAE’s ADGM creates framework to regulate crypto assets
Abu Dhabi Global Market’s new framework will regulate crypto asset activities, including those undertaken by exchanges and other intermediaries in the finance hub.
Egypt accounts for 3.97M of global ransomware threats: study
Egypt continues to face a growing threat from cyber-attacks with malware detections in Q1 of 2018 reaching 253,995, the second highest figure in the North African region.