Digital Government MENA

First third generation blockchain technology launched in Dubai

Relam Investment, an international investment company headquartered in Dubai, UAE, owned by local entrepreneur Sultan Ali Rashed Lootah, has announced the global launch of its third generation blockchain technology: Hetachain, which promises faster processing time and lower energy use.

UAE adopts new regulatory framework for fintech companies

With the aim of regulating the use of fintech technology, the UAE's Minister of Economy has announced a regulatory framework for fintech companies adopting experimental licenses to conduct their operations. Similar frameworks were introduced by Dubai International Financial Centre and Abu Dhabi Global Market over the last year.

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