Tag: UAE

The United Arab Emirates (UAE) is experiencing a notable economic surge, becoming a magnet for foreign investments and job opportunities. This economic growth is coupled with ambitious plans under the UAE Digital Economy Strategy launched in April 2022, aiming to increase the nation's GDP contribution from digital services from 9.7% in 2022 to 19.4% over the next decade. The strategy positions the UAE as a pivotal digital economy hub both regionally and globally.

The Central Bank of the UAE has launched a regulatory framework, the Open Finance Regulation, as part of its Financial Infrastructure Transformation programme.

The United Arab Emirates (UAE) has made significant strides in its anti-money laundering (AML) and combating the financing of terrorism (CFT) frameworks.

In a significant development reported in October 2023, the United Arab Emirates (UAE) is on the cusp of being removed from the Financial Action Task Force's (FATF) "grey list."

The Central Bank of the UAE has selected three new partners to assist in the implementation of its central bank digital currency (CBDC) strategy.

Noventiq, a digital transformation and cybersecurity solution developer, has acquired UAE-based Seven Seas Technology.

Two fifths of consumers in the UAE have experienced an online fraud attempt, of which, half would contact law enforcements if it is successful.

Financial market data platform Refinitiv is teaming up with Complyfin to promote compliance awareness and effectiveness in the UAE.

The Middle East Africa and South Asia region is getting its first know your customer (KYC) data-sharing consortium in Dubai

Digital client lifecycle management company Fenergo has boosted its precense in the Middle East and Africa (MENA) region having received a full license from the Dubai International Financial Centre (DIFC).