United Arab Emirates

Ripple Launches Effort to Promote Blockchain Innovation in UAE
Ripple Launches Effort to Promote Blockchain Innovation in UAE
August 07, 2024  |  Blockchain

Blockchain solutions provider Ripple is set to team up with Dubai’s DIFC Innovation Hub. The collaboration is designed to accelerate blockchain and digital assets innovation in the United...

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Mashreq Launches API-Enabled Instant Payments for Corporate Clients in UAE
Mashreq Launches API-Enabled Instant Payments for Corporate Clients in UAE
July 02, 2024  |  B2B Payments

Mashreq has launched a new application programming interface (API)-enabled instant payment solution for its corporate and institutional clients in the United Arab Emirates (UAE). This...

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Comfi Secures $5 Million Debt Facility to Expand B2B Payments
Comfi Secures $5 Million Debt Facility to Expand B2B Payments
June 28, 2024  |  B2B Payments

Dubai-based FinTech Comfi reportedly secured a $5 million debt facility to expand its B2B payment platform and support its launch of an embedded buy now,...

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UAE Proposes AI ‘Marriage’ With US
UAE Proposes AI ‘Marriage’ With US
June 04, 2024  |  Artificial Intelligence

The United Arab Emirates reportedly hopes to deepen its artificial intelligence relationship with the United States. Omar Sultan Al Olama, the UAE’s AI minister, told...

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Report: US and UAE Plan AI Partnerships
Report: US and UAE Plan AI Partnerships
May 21, 2024  |  Artificial Intelligence

The United States and the United Arab Emirates are reportedly strengthening their artificial intelligence ties. Omar Sultan Al Olama, the UAE’s state minister for AI, said his...

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Digital Stagnation Pressures UAE Merchant Growth
Digital Stagnation Pressures UAE Merchant Growth
May 13, 2024  |  VISA

In the United Arab Emirates, 71% of consumers actively use digital features to enhance their shopping experiences. Yet valuable opportunities to build on this robust...

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Report: US Looks to Forge AI Partnerships With UAE
Report: US Looks to Forge AI Partnerships With UAE
April 21, 2024  |  artificial intelligence

The White House reportedly wants U.S. artificial intelligence (AI) companies to form partnerships in the United Arab Emirates (UAE). By launching operations in the UAE,...

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Microsoft Invests $1.5 Billion in UAE AI Firm G42
Microsoft Invests $1.5 Billion in UAE AI Firm G42
April 16, 2024  |  Investments

Microsoft has invested $1.5 billion in Abu Dhabi-based artificial intelligence (AI) firm G42. The investment is the latest in a series of collaborations for the company and...

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PhonePe and Mashreq Partner to Enable UPI Payments in UAE
PhonePe and Mashreq Partner to Enable UPI Payments in UAE
April 01, 2024  |  Partnerships

Indian citizens visiting or working in the United Arab Emirates can now use the PhonePe app to make payments using the United Payments Interface (UPI) at Mashreq’s Neopay terminals. These transactions...

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