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.
Editor's Picks, Technology, UAE
Telecom subscribers in UAE rise to 24 million: TRA
The number of subscribers to telecommunications services in the UAE, whether through mobile phones, landlines and the internet, rose to around 24 million during the first five months of 2018.1 6174
GITEX continues to be a venue of firsts
Bigger and better over the last four decades, GITEX Technology Week is scheduled to take place from 14th to 18th …
Sharjah issues resolution to regulate e-commerce activities
The Sharjah Executive Council has recently issued a mandate that only allows SEC licenced organisations to engage in e-commerce activities in the emirate.
UAE ranked most innovative country in the Arab world
The UAE has retained its good standing at this year’s edition of the Global Innovation Index (GII) ranking number one …
Dubai Silicon Oasis is raising the bar for tech excellence, says UAE minister
UAE AI Minister Omar Sultan Al Olama commended government entities and private corporations on their harmonised efforts in contributing to the status of the country as a pioneer in the field of innovative artificial intelligence technologies.
Middle East job seekers can now make applications more “personal”
Bayt.com has just introduced video cover letters to 33 million job seekers.
Middle East firms collect more data than they can handle: study
Gemalto has released the results of a global study which reveals that more than half of the companies surveyed in the Middle East (56 percent) are unable to analyse all the data they collect and 32 percent do not know where their sensitive data is stored.
Simulated cyber-attacks prepare regional firms for the real deal
Help AG has announced it will leverage this platform to deliver its new ‘Red Team/Blue Team Simulation’ service, which provides a custom-built cyber-attack and defence simulation environment to train its ethical hacking and security analytics teams.
Dubai 10X: Live sports viewing coming to VR devices soon
Dubai Sports Council (DSC) has introduced a new project aimed at developing the sports sector under the umbrella of the Dubai 10X initiative.
Huawei to develop the new generation of ICT talent in Bahrain
Huawei has launched the second edition of Huawei Middle East ICT Competition in Bahrain to enhance the ICT skills of the upcoming generation.