UAE Shoppers Shift Beyond Cards as Crypto, Stablecoins Grow
UAE retail payments are shifting fast, with BNPL, wallets and stablecoins reshaping how Al-Futtaim and banks handle transactions.
The latest startup stories reporting and analysis from Dubai and the UAE.
UAE retail payments are shifting fast, with BNPL, wallets and stablecoins reshaping how Al-Futtaim and banks handle transactions.
Mashreq and Citi completed a live cross-border payment on Swift's new blockchain ledger, testing tokenised deposits for 24/7 settlement.
Dubai-based Fasset and South Korea's NEXUS plan a joint stablecoin payments pilot linking the UAE dirham and Korean won.
UAE's CE-Ventures joins a $45.4 million seed round for Italy's Aptadir Therapeutics, backing RNA treatments for genetic disorders.
Commercial Bank of Dubai becomes the first non-European lender to test tokenised deposits in Germany's CBMT sandbox for faster Gulf-Europe payments.
Abhi and NymCard have teamed up to help UAE banks streamline SME credit, from onboarding to disbursement, faster and more efficiently.
Dubai's CE-Ventures joins a €40 million seed round for Aptadir, an Italian biotech developing RNA therapies to reverse gene silencing.
Dr. Sheikha Ayesha bint Saud Al Qassimi joined about 50 women founders at The Wealth Room in Dubai to discuss capital, equity and ownership.
Dubai's Amaani raised USD 5 million led by BECO Capital to grow its AÏZA beauty brand across Saudi Arabia, Kuwait and Qatar.
Shorooq and Presight led a $100 million Series A for Maven Robotics, an Abu Dhabi-linked bet on industrial robots tackling warehouse automation.