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Industry
Samsung Electronics to supply 1,000 ceiling air conditioners to 100 mosques in Saudi Arabia
Samsung Electronics will supply about 1,000 ceiling-type system air conditioners to around 100 mosques in eight major cities in Saudi Arabia, including Riyadh, it said on Saturday. The company will provide its 360 Cassette model and plans to expand cooperation after signing an MOU in June with local partner Ghoroos Charity. Samsung said its Middle East B2B business is also extending to transport and education facilities.
Crypto
Revolut receives in-principle approval for crypto services from UAE authorities
Revolut has received in-principle approval to provide cryptocurrency-related services in the United Arab Emirates. Cointelegraph reported that Dubai’s Virtual Assets Regulatory Authority approved Revolut in principle to offer broker-dealer, investment management and exchange services. Revolut said the approval builds on earlier authorisation for payment activities from the UAE central bank and provides a basis to expand its local crypto business. It plans to enable UAE users to buy, sell and hold digital assets through its app and the Revolut X exchange.
Crypto
Made in USA adopts XRPL for supply chain verification infrastructure
Made in USA Inc., a U.S. supply-chain certification company, has integrated the XRP Ledger into its core technology infrastructure, positioning it as a base technology for supply-chain verification and product authentication in the United States. The company disclosed the integration in a Form 8-K filed with the U.S. Securities and Exchange Commission related to an acquisition of intellectual property and technology assets in an all-stock transaction valued at $25 million, with no cash involved.
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Crypto
Bitcoin Suisse secures Abu Dhabi licence, targets UAE institutions
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Games & Commerce
Nexthrus kicks off global expansion from Dubai, targeting games, AI and blockchain
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Crypto
Standard Chartered, Circle to support institutional USDC minting and redemption through banking network
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Crypto
EU MiCA rules drive crypto firms\' exodus to Dubai
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Crypto
Goldgenie crypto payments surge 300 percent, with clear preference for XRP
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AI & Enterprise
Alibaba Cloud starts first France data centre, builds third Europe hub
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Crypto
Trump presses to codify U.S. crypto regulatory framework
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Crypto
Kraken clears Dubai regulatory hurdle, UAE market entry in sight
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Crypto
Bitcoin Pizza Day: 10,000 BTC for two pizzas now worth more than 1 trillion won
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Crypto
Nexthrus partners with Worldpay to expand Cross Shop global payments infrastructure
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Crypto
Ceasefire, ETFs and Tesla earnings set crypto market test this week
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Crypto
UAE investors buy AI on dips, keep crypto exposure despite Middle East conflict
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Crypto
Saylor says Bitcoin is best-performing asset since August 2020
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Finance
Woori Bank launches 18.4 trillion won emergency financial support program amid Middle East uncertainty
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Crypto
Dubai formalises rules for exchange-traded virtual asset derivatives