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Burj Khalifa Developer Emaar to Launch Tradeable Reward Token EMR

News Dubai-based real estate giant Emaar Properties has released its new blockchain token-based referral and loyalty platform. Real monetary valueEmaar, which developed the world’s tallest building, the Burj Khalifa, as well as the Dubai Mall, is planning to launch the EMR token for rewarding its ..

UAE Financial Watchdog Asks for Public Feedback on Crypto Regulation

News The United Arab Emirates’ (UAE) Securities and Commodities Authority (SCA) has published draft regulations for crypto assets. Seeking feedback from the industryAccording to an official statement from Oct. 15, the SCA will be collecting public feedback on the draft regulations until Oct. 29 be..

Dubai, Emirates NBD Sign MoU on Blockchain Trade Finance Solutions

News Middle Eastern news daily Saudi Gazette reported on Oct. 14 that the DCCI, which acts as an international business hub in Dubai, has signed an MoU with Dubai government-owned bank, Emirates NBD. The bank, which is one of the largest banking groups in the Middle East in terms of assets, will ..

Economic Dept. of Dubai Unveils Blockchain-Based Business Registry

News The Department of Economic Development in Dubai has announced its move to a blockchain-based unified business registry platform (UBRP). According to a Saudi Gazette report on Oct. 7, the platform aims to improve the ease of doing business in Dubai and enable license issuers to manage trade li..

UAE’s Social Ministry to Grant $16K in Blockchain Contest

News The United Arab Emirates’ Ministry of Community Development (MOCD) will host a competition for developing blockchain software in the social sector. Driving blockchain for awareness and social careThe MOCD announced its “Social Blockathon” competition with a total prize fund of $16,300 to enco..

Samsung-Backed Blockchain Firm Launches in UAE After Securing $16M

News Blocko, a South Korean blockchain provider, launched in the United Arab Emirates after securing $16 million in funding. Building full-scale enterprise blockchain solutionsOn Oct. 2, Middle Eastern business publication Arabian Business reported that Blocko has partnered with SEED Group, a memb..

United Arab Emirates Ministry of Health Launches Blockchain System

News United Arab Emirates’ (UAE) Ministry of Health and Prevention (MoHAP) launched a blockchain system for recording and sharing information of healthcare workers in health facilities. The official news agency of the UAE reported the development on Sept. 18, noting that the system aims to improve..

Abu Dhabi Sovereign Wealth Fund Invests in Cryptocurrency Exchange

News The world’s thirteenth largest sovereign wealth fund, Abu Dhabi-based Mubadala Investment Capital, has made an investment in cryptocurrency exchange MidChains. As UAE English language newspaper Gulf News reported on Aug. 11, Mubadala Investment Capital has invested in MidChains, a digital cur..

Etihad Airways Integrates Travel-Focused Blockchain Platform Winding Tree

News The national carrier of the United Arab Emirates Etihad Airways has partnered with blockchain-based platform for the travel industry Winding Tree to explore how blockchain can aid in distribution. Logistics see greater adoption of blockchainAs Reuters reported on Aug. 8, Etihad joined a range..

Islamic Finance Expert: ‘Halal Coin’ a Matter of Time and Awareness

News The issue of Shariah acceptability of crypto is a matter of time and raising awareness, according to an Islamic finance expert based in Malaysia. Skepticism of crypto stems from uncertaintySuhaida Mahpot, CEO of major Shariah advisory firm Amanie Advisors, suggested that the existing skeptici..

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