The Dubai AI and Web 3.0 Campus , situated in Dubai International Financia Centre, announced that it will be issuing artificial intelligence (AI) and Web3 licenses supporting activities ranging from Distributed Ledger Technology Services (DLT), specialised Artificial Intelligence Research & consultancies, IT infrastructure builders, Technology Research and Development and Public Networking Services. Licenses will be issued by Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, which is currently home to an established ecosystem of tech enablers and start-ups at the DIFC Innovation Hub. The Dubai AI and Web 3.0 Campus is a dedicated campus for AI and Web3 innovation and will provide state-of-the-art physical and digital infrastructure within the DIFC Innovation One new premises, including R&D facilities, accelerator programmes and collaborative workspaces, to attract, build and scale...

  Zero Two, an ADQ sovereign wealth fund  entity, has launched its digital assets business in Abu Dhabi UAE to offer latest generation technologies. Zero Two will build and operate data center and offer digital asset management services as part of ADQ's digital asset strategy. The name "Zero Two" is derived from the significance of the numerals 0 and 2 in Web3 technology. Zero Two aims to become a trusted partner to companies seeking to capitalize on the broad innovative scope and transformative potential the technology offers. The company’s services range from developing power infrastructure to sourcing and testing latest generation technologies, to building and operating data centers, and providing digital assets management services. Zero Two was created to develop, operate and invest in best-in-class technologies accelerating and supporting the digital asset and Web3 ecosystem in the region, which comprises concepts such as decentralization and token-based economic...

    Two announcements recently for C-level positions in the GCC region, showcased how blockchain is helping to fast track appointments up the corporate ladder. The first announcement was that of The Abu Dhabi Securities Exchange (ADX), the Arab world's second-largest bourse by market value, who appointed Abdulla Al Nuaimi as its new chief executive. Al Nuaimi had previously held the position of COO at ADX. In the announcement it stated, “ Al Nuaimi played a key role in the development of the ADX's trading platform, helping establish the first application of blockchain technology in the UAE's financial sector.” He will seek to further accelerate the range of products and services at the ADX, the statement added. His appointment comes at a time of heightened market activity on the ADX. The exchange has experienced a rush of initial public offerings (IPOs) in recent years. Companies that listed on the bourse last year include Borouge, the Abu Dhabi Ports Group, Abu Dha...

 KSA Web 3 NFT Marketplace, NuqtahNFT sponsors LEAP tech convention that will be taking place in Riyadh Saudi Arabia from February 6th-9th 2023.  LEAP is one of Saudi Arabia's biggest annual tech events. A yearly 3-day tech convention held in Riyadh, Saudi Arabia. It is the largest debut tech event as of 2022, with over 100,000 attendees worldwide. It is co-organized by the Ministry of Communication and Information Technology, Informa Tech, and the Saudi Federation For Cybersecurity, Programming, and Drones. Wajd Badawi, Head of Operations at NuqtahNFT, commented: "We are very excited about this partnership. Part of our mission is to enable individuals and institutions in Saudi with Web 3.0 technologies, and LEAP is a great platform for us to showcase the different use-cases through the NFTs activations we are providing.”  This agreement is pushing the current boundaries of the Saudi NFTs scene with various activations powered by NuqtahNFT. Such as Digital Collectibles t...

  During a Bloomberg TV interview at WEF Davos event, Mansoor Al Mahmoud, CEO, of Qatar Investment Authority, reaffirmed the fund's interest in investing in Blockchain technology, more precisely any application using Blockchain. Qatar’s sovereign wealth fund will use the current economic turmoil as an opportunity to rebalance its $450 billion portfolio. The Qatar Investment Authority is looking for opportunities in Europe, Asia and the US in sectors such as venture capital, fintech and sports except for crypto. As Al Mahmoud stated, “We are still not interested in crypto, yet we are interested in investing in Blockchain technology. Any application using Blockchain would be of our interest. This is a technology that came to remain. The QIA in October agreed to invest $2.5 billion in RWE AG to back the German utility’s purchase of US renewable assets. It was also a cornerstone investor in sports car brand Porsche AG’s IPO and has invested in a string of tech start-ups. Qatar...

  Dubai has officially launched its metaverse strategy which will bring on 5000 blockchain and metaverse companies to the city by 2027. His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council has launched the directives of the Dubai Metaverse strategy.  As per his tweet , the Dubai Metaverse strategy will add 5 times more Blockchain and Metaverse companies to Dubai within the next five years. Knowing that today Dubai currently has 1000 Blockchain and metaverse entities, this means that by 2027 there should be 5000 Blockchain metaverse companies at least in Dubai UAE. As Sheikh Hamdan stated, “It will also add 40,000 new jobs in the virtual world and bring in 4 billion USD to Dubai’s economy in the next 5 years.” He notes, “Today we have launched our metaverse strategy which is the next economic and technological revolution that will play a role in every facet of our lives for the next two decades to c...

UAE based data and location-driven marketing services company, MEmob which utilizes blockchain technology to offer advanced and effective advertising services, is now  accepting crypto payments As per their announcement , MEmob is assisting entrepreneurs, crypto investors, agencies, and brands as well as decentralized apps (DAPPs), data oracles, blockchain firms, and crypto exchanges by offering them the opportunity to pay in cryptocurrencies. Ihab El Yaman, CEO of MEmob stated, “By backing blockchain technology, embracing it, and accepting cryptocurrencies as payments, we are saying that we believe in this long-term.” MEmob was one of the first tech companies in MENA to integrate blockchain technology into its operations; MEmob is presently well positioned to enhance digital marketing activations & performance and has strict control over data flow and GDPR adherence. MEmob is trusted by top brands to harness their data for growth and ROI maximization. Ihab El Yaman adde...

  As a result of the recently launched Dubai's metaverse strategy which aims to increase the contribution of the metaverse sector to Dubai’s economy to US$4 billion by 2030 and increase its contribution to Dubai’s GDP to 1 percent, regional companies in the MENA region, specifically Turkey are flocking towards the country. Burak Soylu, CEO of Har Group, noted in a recent tweet   on the productive meeting he and his team had with UAE Minister of State for Foreign Trade, Dr. Thani Bin Ahmed Al Zeyoudi.  He stated, “We had a productive meeting with Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, about the UAE's work in the metaverse and web 3.0.” Turkish based Har Group incorporates under its wings five companies in the sector of technology, tourism, energy and agriculture and comprises over 500 employees. One of its companies is Roof Stacks, a software company that specializes in tourism systems, the metaverse, augmented reality, game developmen...