Leading companies in Dubai collaborate on Gig Economy Sandbox initiative to develop emerging sector
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Dubai Future Foundation
Dubai Future Foundation launches 2 sandboxes to boost gig economy and proptech sectors
Dubai Sandbox initiatives look to assist development of the gig economy and PropTech sectors
CBUAE
UAE Central Bank issues new fintech sandbox regulation to attract startups
The Sandbox Conditions Regulation aims to attract startups and global fintech businesses to test innovative products and services within the UAE’s financial sector
Angel Investors
Dubai-based metaverse startup Eikonikos raises $2 million in pre-seed funding to bring more people into the digital realm
The company is currently in the process of issuing digital assets for investment as it gears up for commercial launch in May 2022, when it expects a jump in valuation
apps
Saudi Arabia’s digital regulator drives surge in transport delivery apps
Communications and Information Technology Commission says number of delivery applications has risen by over 460% in just two years
Dubai Silicon Oasis Authority
DSOA’s new start-up program Sandbox is founder-focused, hones in on wellness
Sandbox targets local MVP to seed-stage companies that are looking to raise institutional funds within the next 12 months, citing a gaping hole in the market
DIFC FinTech Hive
First 5 start-ups graduate from Emirates NBD testing ground
API Sandbox is important milestone in Emirates NBD’s AED1bn digital transformation programme
Bahrain Central Bank
Bahrain eyes regulation as it chases crypto trading firms
Bahrain allows companies using cryptocurrency to work in the country on a trial basis
Dubai
Robo-advisory firm is first graduate from Dubai fintech testing
Dubai Financial Services Authority issues innovation testing licence to Sarwa, a low-cost investment advisory platform
Central Bank of Bahrain
UAE crypto firm is first to win regulatory sandbox licence
Palmex granted licence by Bahrain Central Bank; says part of a process to verify security systems, policies, and controls to protect customers