Dubai is integrating cryptocurrency into flights and real estate transactions. Crypto use is popular in the UAE due to zero taxes and easy global payments. Top developers like DAMAC and Emaar accept ...

First Abu Dhabi Bank has received approval from the Central Bank of the UAE to go live with its dirham-backed stablecoin, ...

The UAE has carried out its first-ever cross-border payment with China using central bank digital currencies, marking a major breakthrough in digital finance and setting the stage for deeper ...

CBDC is a digital form of a country’s sovereign currency designed to function as a digital equivalent of traditional banknotes and coins. More than 100 countries today are exploring the potential ...

The United Arab Emirates (UAE) Securities and Commodities Authority (SCA) has recently announced its intention to accept applications from businesses aiming to offer cryptocurrency services within the ...

The United Arab Emirates has informed the secretariat of the Gulf Cooperation Council that it is pulling out of the proposed GCC monetary union, according to a report by the country’s official news ...

Central Bank of the UAE releases money numbers; Banking assets rise by more than $212.4bn to reach $1.45 trillion ...

The United States and the United Arab Emirates (UAE) jointly took action to disrupt an extensive currency exchange network in Iran and the UAE that has procured and transferred millions in U.S. dollar ...

The UAE Central Bank (CBUAE) has launched its digital currency implementation strategy, which forms one of the key initiatives in its programme to digitise the country’s finance sector. In February, ...

India bought 1 million barrels of oil from the United Arab Emirates using its own currency instead of US dollars. The Indian Oil Corp settled a payment in rupees with the Abu Dhabi National Oil ...