UAE to launch Dirham-backed stablecoin

IHC, ADQ, and First Abu Dhabi Bank (FAB) have announced plans to launch a new stablecoin backed by Dirhams, which will be fully regulated by the Central Bank of the United Arab Emirates (CBUAE) and …

AI Becomes New Cash Cow for Dubai

From Dubai to DubAI? At least the DIFC (Dubai International Financial Centre) is attempting the balancing act. According to DIFC Governor, «Arabia’s Wall Street» is increasingly relying on artificial …