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Ripple Secures DFSA Licence to Offer Crypto Services to UAE Businesses, Financial Institutions
Ripple has announced that businesses in the UAE can now use its services to explore crypto payment options. The company has secured an approval from the Dubai Financial Services Authority (DFSA), allowing it to cater to the crypto needs of UAE-based businesses and financial institutions.
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India Blockchain Alliance Partners With RAK-DAO to Promote Cooperation in Web3
On Monday, December 16 India Blockchain Alliance (IBA) announced a partnership with UAE’s free zone for Web3 firms – the Ras Al-Khaimah Digital Assets Oasis (RAK DAO). The aim of this partnership is to take collaborations on Web3 related education, research, and development initiatives on a global level.
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UAE Scraps Value Added Tax on Crypto Transactions, Binance Foresees Rapid Growth in Web3 Businesses
The UAE has exempted some crypto transactions from value added taxes (VAT). This essentially means that the five percent VAT that the UAE previously levied on crypto transfers and conversions now stands cancelled. This move is being implemented retrospectively covering crypto transactions from as far back as January 1, 2018.
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India’s Self Custodial Okto Wallet Acquires Licence in Ras Al Khaimah as Part of UAE Expansion
Okto, the self-custodial wallet by CoinDCX crypto exchange has secured a business licence in UAE’s Ras Al Khaimah (RAK). This marks a pivotal milestone in Okto’s plans for international expansion, starting with the UAE, the company said on August 27.
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CoinDCX Acquires UAE-Based BitOasis Crypto Exchange to Expand in MENA Region
CoinDCX claims it has taken its first step in expanding its crypto business in the Middle East and North Africa (MENA) region by acquiring BitOasis. Both CoinDCX and BitOasis have yet to disclose the financial settlement that was agreed upon for finalising this deal.
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Small Crypto Players in Dubai to Get Benefits from VARA Regulators: Details
Dubai, in a bid to further establish itself as a crypto hub, is looking for ways to make business run smoother for smaller players. Matthew White, the CEO of VARA in Dubai stated thatbigger and more established Web3 players could perhaps ‘host’ the smaller entities and reduce their operational costs.
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PhonePe Users Can Now Make UPI Payments In UAE Via NEOPAY Terminals
NEOPAY Terminals is available across a wide array of retail stores, dining outlets, as well as tourist and leisure attractions.
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Cabinet Approves Bilateral Investment Treaty With UAE
The Union Cabinet on Thursday approved an investment treaty with the United Arab Emirates (UAE) that is likely to significantly boost bilateral economic engagement in a range of areas, including manufacturing and foreign direct investment (FDI).
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Adani Power Takes Up Green Ammonia Combustion Pilot Project At Mundra Plant
As the world leaders converge in the UAE for the COP28 this week to chalk out strategies for climate mitigation, Adani Power announced it has taken up a green ammonia combustion pilot project at its Mundra plant.
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RBI, UAE Central Bank Sign Pact To Increase Cooperation
The RBI and the UAE central bank on Wednesday signed an agreement to enhance cooperation in various areas, including exploring interoperability of Central Bank Digital Currencies (CBDC).
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Davos 2023: UAE, India Hold Talks On Settling Non-Oil Trade In Rupees
The minister said other countries, including China, had also raised the issue of settling non-oil trade payments in local currencies.
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Countries Eager To Sign Free Trade Agreements With India: Commerce Minister
Textile Minister Piyush Goyal said talks are underway with the European Union, Gulf countries, Canada and the United Kingdom for free trade agreements (FTA) and the FTAs with two developed economies of the UAE and Australia will be enforced in this year alone.
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T20 World Cup 2022: Sri Lanka Back In Business With Big Win Over UAE
Surprised by Namibia in their tournament opener, Sri Lanka made a strong comeback, thrashing UAE by a massive 79 runs to better their net run rate, which got a beating in the first match.
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Israel Signs Major Trade Deal With Gulf State UAE
The council predicts there will be almost 1,000 Israeli companies working in or through the UAE by the end of the year doing business with South Asia, the Far East and Middle East.
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Israel Signs Major Trade Deal With Gulf State UAE
The council predicts there will be almost 1,000 Israeli companies working in or through the UAE by the end of the year doing business with South Asia, the Far East and Middle East.
-
Ripple Secures DFSA Licence to Offer Crypto Services to UAE Businesses, Financial Institutions
Ripple has announced that businesses in the UAE can now use its services to explore crypto payment options. The company has secured an approval from the Dubai Financial Services Authority (DFSA), allowing it to cater to the crypto needs of UAE-based businesses and financial institutions.
-
India Blockchain Alliance Partners With RAK-DAO to Promote Cooperation in Web3
On Monday, December 16 India Blockchain Alliance (IBA) announced a partnership with UAE’s free zone for Web3 firms – the Ras Al-Khaimah Digital Assets Oasis (RAK DAO). The aim of this partnership is to take collaborations on Web3 related education, research, and development initiatives on a global level.
-
UAE Scraps Value Added Tax on Crypto Transactions, Binance Foresees Rapid Growth in Web3 Businesses
The UAE has exempted some crypto transactions from value added taxes (VAT). This essentially means that the five percent VAT that the UAE previously levied on crypto transfers and conversions now stands cancelled. This move is being implemented retrospectively covering crypto transactions from as far back as January 1, 2018.
-
India’s Self Custodial Okto Wallet Acquires Licence in Ras Al Khaimah as Part of UAE Expansion
Okto, the self-custodial wallet by CoinDCX crypto exchange has secured a business licence in UAE’s Ras Al Khaimah (RAK). This marks a pivotal milestone in Okto’s plans for international expansion, starting with the UAE, the company said on August 27.
-
CoinDCX Acquires UAE-Based BitOasis Crypto Exchange to Expand in MENA Region
CoinDCX claims it has taken its first step in expanding its crypto business in the Middle East and North Africa (MENA) region by acquiring BitOasis. Both CoinDCX and BitOasis have yet to disclose the financial settlement that was agreed upon for finalising this deal.
-
Small Crypto Players in Dubai to Get Benefits from VARA Regulators: Details
Dubai, in a bid to further establish itself as a crypto hub, is looking for ways to make business run smoother for smaller players. Matthew White, the CEO of VARA in Dubai stated thatbigger and more established Web3 players could perhaps ‘host’ the smaller entities and reduce their operational costs.
-
PhonePe Users Can Now Make UPI Payments In UAE Via NEOPAY Terminals
NEOPAY Terminals is available across a wide array of retail stores, dining outlets, as well as tourist and leisure attractions.
-
Cabinet Approves Bilateral Investment Treaty With UAE
The Union Cabinet on Thursday approved an investment treaty with the United Arab Emirates (UAE) that is likely to significantly boost bilateral economic engagement in a range of areas, including manufacturing and foreign direct investment (FDI).
-
Adani Power Takes Up Green Ammonia Combustion Pilot Project At Mundra Plant
As the world leaders converge in the UAE for the COP28 this week to chalk out strategies for climate mitigation, Adani Power announced it has taken up a green ammonia combustion pilot project at its Mundra plant.
-
RBI, UAE Central Bank Sign Pact To Increase Cooperation
The RBI and the UAE central bank on Wednesday signed an agreement to enhance cooperation in various areas, including exploring interoperability of Central Bank Digital Currencies (CBDC).
-
Davos 2023: UAE, India Hold Talks On Settling Non-Oil Trade In Rupees
The minister said other countries, including China, had also raised the issue of settling non-oil trade payments in local currencies.
-
Countries Eager To Sign Free Trade Agreements With India: Commerce Minister
Textile Minister Piyush Goyal said talks are underway with the European Union, Gulf countries, Canada and the United Kingdom for free trade agreements (FTA) and the FTAs with two developed economies of the UAE and Australia will be enforced in this year alone.
-
T20 World Cup 2022: Sri Lanka Back In Business With Big Win Over UAE
Surprised by Namibia in their tournament opener, Sri Lanka made a strong comeback, thrashing UAE by a massive 79 runs to better their net run rate, which got a beating in the first match.
-
Israel Signs Major Trade Deal With Gulf State UAE
The council predicts there will be almost 1,000 Israeli companies working in or through the UAE by the end of the year doing business with South Asia, the Far East and Middle East.
-
Israel Signs Major Trade Deal With Gulf State UAE
The council predicts there will be almost 1,000 Israeli companies working in or through the UAE by the end of the year doing business with South Asia, the Far East and Middle East.
