In 2021, the cryptocurrency market took off, generating gains for consumers of $159.7 billion. But a year later, this figure fell precipitously, with losses estimated to be over $127.1 billion. The worldwide cryptocurrency investor community has been able to recover, as evidenced by research from blockchain data company Chainalysis, which achieved gains of $37.6 billion.
Abu Dhabi Global Market, an international financial center that promotes economic diversification in the United Arab Emirates, is collaborating with Kigali International Financial Center, an organization that seeks to establish Rwanda as a premier financial hub for investors looking for opportunities throughout the continent.
Businesses are always seeking to reaffirm their dedication to advancing intelligent and sustainable solutions in a range of sectors. Partnerships are essential for some organizations to accelerate their activities related to environmental, social, and governance (ESG). The MEA-based sustainability pioneer BEEAH Group and the UAE's Emirates Islamic are two businesses that hold this belief.
The debut of Tabby+, a monthly subscription service in the UAE, has been announced by Tabby, a Buy Now, Pay Later platform operating in the Middle East and Africa.
Concerning financial crime and money laundering, the Financial Action Task Force (FATF) has declared that it has removed the United Arab Emirates (UAE) from its grey list.
A memorandum of understanding (MOU) has been signed by UAE-based Dunes Financial to purchase a "substantial portion" of Be Mobile Africa, based in Canada.
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