Sonic Labs has scrapped its initial plans to launch a US dollar-pegged algorithmic stablecoin, pivoting to a version tied to ...

The #CentralBankUAE (CBUAE) today unveiled the new symbol for the UAE's national currency, the "Dirham", in a move that ...

A personal loan agreement may include a clause stating that the salary and the end-of-service benefits of borrower should be ...

Sonic Labs will launch a “mathematically-bound” UAE dirham stablecoin instead of a US dollar-based algorithmic stablecoin.

Sonic Labs has abandoned its plans to introduce a US dollar-pegged algorithmic stablecoin, following backlash from the crypto community.

The UAE’s move mirrors a similar initiative in Saudi Arabia, where the Saudi Central Bank (SAMA) unveiled an official symbol ...

The United Arab Emirates has introduced the Jaywan co-badge card, a significant advancement in the nation’s payment infrastructure, enabling residents to conduct transactions seamlessly both ...

The United Arab Emirates is set to issue its own blockchain-backed central banking digital currency (CBDC) by late 2025.

UAE to launch Digital Dirham by 2025, enhancing financial security, cross-border payments, and digital transactions with CBDC ...

Days after the collapse of the Awami League government in August 2024 following the July uprising and the ouster of prime ...

The International Monetary Fund (IMF) proposed a framework called “REDI” to deploy CBDCs and steps to promote the adoption of CBDCs. The international financial agency emphasised that raising ...

Karim Souaid has been appointed as governor of the Central Bank of Lebanon (BdL), the country’s council of ministers announced on March 27.