Microsoft’s Partnership with G42 Enables UAE Collab With OpenAI
Microsoft’s partnership with G42 paves the way for UAE’s integration with OpenAI, enhancing AI capabilities and fostering innovation. Microsoft has formed a partnership with G42, a prominent AI and cloud computing company based in the United Arab Emirates, in a move that emphasizes the increasing influence of artificial intelligence (AI). This agreement, which follows Microsoft’s […]
Microsoft Invests $1.5B Into Abu Dhabi-based G42
Microsoft recently invested $1.5B into Abu Dhabi-based AI company G42 to expand into the UAE and global artificial intelligence (AI) market. Microsoft explained on April 16 regarding the investment, stating that its purpose is to advance the development of artificial intelligence (AI) and increase the availability of state-of-the-art technologies worldwide, including the United Arab Emirates […]
Dubai’s VARA Grants Operational Approval to Crypto.com
Dubai’s Virtual Assets Regulatory Authority (VARA) has granted full operational approval to Crypto.com’s Dubai-based subsidiary, CRO DAX Middle East FZE. The notification from April 9 states that Crypto.com successfully fulfilled the pre-operational requirements listed in the Virtual Asset Service Provider Licence provided to CRO DAX Middle East FZE in November 2023, when VARA gave operational […]
CoinMENA Earns Dubai VASP License for Virtual Asset Brokerage
Dubai’s VARA has granted CoinMENA FZE, a crypto asset service provider, a VASP license for virtual asset Broker-Dealer services. CoinMENA has operated out of its Bahrain headquarters, serving customers in the United Arab Emirates. With its new headquarters in Dubai, CoinMENA will now serve UAE consumers with easy-to-use money services. “Thanks to the regulatory clarity […]
eToro, M2 Receive ADGM Crypto Licenses to Operate in UAE
The ADGM Financial Services Regulatory Authority has authorized crypto investment platforms eToro and M2 to operate in the UAE. While the former receives a securities, derivatives, and crypto assets broker license, the latter is a regulated Multilateral Trading Facility (MTF) and custodian. EToro has obtained authorization to function as a broker for crypto assets, derivatives, […]