Emirate of Dubai

GCEX Receives Operational VASP Licence from Dubai’s Virtual Assets Regulatory Authority

Retrieved on: 
Monday, November 20, 2023
Data Management, Technology, Professional Services, Digital Cash Management, Digital Assets, Other Technology, Asset Management, Software, Other Professional Services, Cryptocurrency, Fintech, Finance, FCA, Safety, VASP, Danish, FX, MVP, Emirate, Contract for difference, FSA, Emirate of Dubai, VARA, Financial adviser

GC Exchange FZE (GCEX) , part of the GCEX Group, has been granted an Operational VASP Licence for VA Broker Dealer services from Dubai’s Virtual Asset Regulatory Authority (VARA).

Key Points: 
  • GC Exchange FZE (GCEX) , part of the GCEX Group, has been granted an Operational VASP Licence for VA Broker Dealer services from Dubai’s Virtual Asset Regulatory Authority (VARA).
  • GCEX facilitates institutional access to digital assets through its proprietary XplorDigital trading solutions, which comprises of a technology-agnostic platform covering regulation, regulated custody, the safety of funds, tier 1 liquidity and technology (both back-end and front-end).
  • GCEX only partners with regulated institutional digital custody and staking providers and always segregates client funds.
  • Headquartered in London, with multiple offices across the globe, GCEX is regulated by the UK’s FCA and registered with the Danish FSA.

Backpack Announces Launch of Cryptocurrency Exchange; Backpack Exchange Receives Approval for VASP License from the Dubai Virtual Asset Regulatory Authority

Retrieved on: 
Tuesday, October 31, 2023
Secure multi-party computation, The Mad Lads, HSBC, VARA, Non-fungible token, MPC, Emirate of Dubai, Treaty of Dappes, Emirate, Collection, Tehran Stock Exchange Services Company, NFT, State Street, Failure, VASP, Cryptocurrency, Coinbase, Barclays, Backpack

DUBAI, UAE, Oct. 31, 2023 /PRNewswire/ -- Backpack, the all-in-one web3 wallet and company behind Mad Lads, the No. 1 NFT collection by market cap on Solana, today announced the launch of a regulated cryptocurrency exchange. Trek Labs Ltd FZE, which will launch under the name Backpack Exchange, has officially been issued the Virtual Asset Service Provider (VASP) license for Exchange Services from the Dubai Virtual Assets Regulatory Authority (VARA), which supervises and regulates all virtual asset activities across the Emirate of Dubai. This license only covers Backpack Exchange and not any of the other virtual asset products and services offered by Backpack.

Key Points: 
  • 1 NFT collection by market cap on Solana, today announced the launch of a regulated cryptocurrency exchange.
  • Trek Labs Ltd FZE, which will launch under the name Backpack Exchange, has officially been issued the Virtual Asset Service Provider (VASP) license for Exchange Services from the Dubai Virtual Assets Regulatory Authority (VARA), which supervises and regulates all virtual asset activities across the Emirate of Dubai.
  • This license only covers Backpack Exchange and not any of the other virtual asset products and services offered by Backpack.
  • VARA's VASP license for Exchange Services allows crypto businesses to exchange virtual assets for all types of customers.

Komainu Receives Virtual Asset Service Provider [VASP] Licence from Virtual Asset Regulatory Authority in Dubai

Retrieved on: 
Tuesday, August 22, 2023
MVP, Growth, Government, Emirate, Emirate of Dubai, Cryptocurrency

DUBAI, UAE, Aug. 22, 2023 /PRNewswire/ -- Komainu, a regulated digital asset custody service provider built by institutions for institutions, today announced that it has been granted the operating licence by the Virtual Asset Regulatory Authority (VARA) in Dubai after securing its MVP license last November.

Key Points: 
  • DUBAI, UAE, Aug. 22, 2023 /PRNewswire/ -- Komainu , a regulated digital asset custody service provider built by institutions for institutions, today announced that it has been granted the operating licence by the Virtual Asset Regulatory Authority (VARA) in Dubai after securing its MVP license last November.
  • Located in Dubai, Komainu MEA FZE is further commitment from Komainu to the continued build-out of a substantial organisation to achieve its goals in the region.
  • "Dubai has a vibrant digital asset ecosystem and impressive talent pool, and we are proud to contribute to the growth of this innovative financial hub.
  • Launched in June 2020, Komainu currently custodies assets for exchanges, financial institutions, asset managers, corporations, and government agencies.

Bybit Granted MVP License from Dubai’s Virtual Assets Regulatory Authority

Retrieved on: 
Tuesday, June 27, 2023
Provisional liquidation, VARA, Minimum viable product, Emirate of Dubai, MVP, License, Emirate, Maxima and minima, Cryptocurrency, Bybit

DUBAI, United Arab Emirates, 27 June, 2023 — Bybit FinTech FZE, a subsidiary of Bybit, a global leading crypto exchange, announced today that it has been granted the Minimum Viable Product (MVP) Preparatory License by Dubai's Virtual Assets Regulatory Authority (VARA), following the Provisional License it received in March 2022.

Key Points: 
  • DUBAI, United Arab Emirates, 27 June, 2023 — Bybit FinTech FZE, a subsidiary of Bybit, a global leading crypto exchange, announced today that it has been granted the Minimum Viable Product (MVP) Preparatory License by Dubai's Virtual Assets Regulatory Authority (VARA), following the Provisional License it received in March 2022.
  • The Preparatory License does not yet allow Bybit to commence virtual asset operations in the Emirate of Dubai, but exhibits the significant progress made to obtain operational permission from VARA.
  • “We would like to express our gratitude to VARA for their careful consideration of our application and for granting us the MVP Preparatory License.
  • This is a crucial step forward for Bybit in the UAE, as Dubai plays a pioneering role in advancing the world's development of financial innovation and digital assets,” said Ben Zhou, co-founder and CEO of Bybit.

EQS-News: Bybit Granted MVP License from Dubai’s Virtual Assets Regulatory Authority

Retrieved on: 
Tuesday, June 27, 2023
Provisional liquidation, ARAB, VARA, Minimum viable product, Emirate of Dubai, MVP, License, Emirate, Maxima and minima, Cryptocurrency, Bybit

DUBAI, UNITED ARAB EMIRATES - Media OutReach - 27 June 2023 - Bybit FinTech FZE, a subsidiary of Bybit, a      global leading crypto exchange, announced today that it has been granted the Minimum Viable Product (MVP) Preparatory License by Dubai's Virtual Assets Regulatory Authority (VARA), following the Provisional License it received in March 2022.

Key Points: 
  • DUBAI, UNITED ARAB EMIRATES - Media OutReach - 27 June 2023 - Bybit FinTech FZE, a subsidiary of Bybit, a      global leading crypto exchange, announced today that it has been granted the Minimum Viable Product (MVP) Preparatory License by Dubai's Virtual Assets Regulatory Authority (VARA), following the Provisional License it received in March 2022.
  • The Preparatory License does not yet allow Bybit to commence virtual asset operations in the Emirate of Dubai, but exhibits the significant progress made to obtain operational permission from VARA.
  • “We would like to express our gratitude to VARA for their careful consideration of our application and for granting us the MVP Preparatory License.
  • This is a crucial step forward for Bybit in the UAE, as Dubai plays a pioneering role in advancing the world's development of financial innovation and digital assets,” said Ben Zhou, co-founder and CEO of Bybit.

Dubai Electricity & Water Authority highlights the city's sustainability plans in an interview with World Finance

Retrieved on: 
Wednesday, March 8, 2023
Carbon, World News Media, DEWA, Emirate, GCC, Growth, DFM, CO2, EV, PJSC, Emirate of Dubai, World Finance Corporation, Muhammad, Government, Electricity, UN, Dubai Financial Market, Drug, Renewable energy, Marketing

LONDON, March 8, 2023 /PRNewswire/ --  Dubai Electricity & Water Authority (DEWA) PJSC – the exclusive electricity and water utility provider for the Emirate of Dubai, the UAE which is listed on the Dubai Financial Market (DFM) – has outlined a series of initiatives to help Dubai achieve net-zero carbon emissions by 2050, including the largest solar park in the world.

Key Points: 
  • "One of our biggest projects to help us achieve 100 percent clean energy by 2050 is the Mohammed bin Rashid Al Maktoum Solar Park," he said.
  • By 2030 it will have a production capacity of 5,000 megawatts, using photovoltaic solar panels and concentrated solar power technologies."
  • Dubai saw a 21 percent reduction in CO2 emissions by the end of 2021, exceeding a target of 16 percent.
  • DEWA's efforts saw the company receive the World Finance award for Best ESG Strategy in the UAE for 2022.

Dubai Electricity & Water Authority highlights the city's sustainability plans in an interview with World Finance

Retrieved on: 
Wednesday, March 8, 2023
Carbon, World News Media, DEWA, Emirate, GCC, Growth, DFM, CO2, EV, PJSC, Emirate of Dubai, World Finance Corporation, Muhammad, Government, Electricity, UN, Dubai Financial Market, Drug, Renewable energy, Marketing

LONDON, March 8, 2023 /PRNewswire/ --  Dubai Electricity & Water Authority (DEWA) PJSC – the exclusive electricity and water utility provider for the Emirate of Dubai, the UAE which is listed on the Dubai Financial Market (DFM) – has outlined a series of initiatives to help Dubai achieve net-zero carbon emissions by 2050, including the largest solar park in the world.

Key Points: 
  • "One of our biggest projects to help us achieve 100 percent clean energy by 2050 is the Mohammed bin Rashid Al Maktoum Solar Park," he said.
  • By 2030 it will have a production capacity of 5,000 megawatts, using photovoltaic solar panels and concentrated solar power technologies."
  • Dubai saw a 21 percent reduction in CO2 emissions by the end of 2021, exceeding a target of 16 percent.
  • DEWA's efforts saw the company receive the World Finance award for Best ESG Strategy in the UAE for 2022.

Excelerate Energy Extends Time Charter Agreement with Dubai Supply Authority

Retrieved on: 
Thursday, March 2, 2023
Maritime, Energy, Transport, Oil, Gas, NYSE, Natural gas, Multimedia, Emirate, Exploration, The Company, Emirate of Dubai, FSRU, Partnership

Excelerate Energy, Inc. (the "Company" or "Excelerate") (NYSE: EE) announced today the extension of its Time Charter Agreement with Dubai Supply Authority ("DUSUP") for the FSRU Explorer.

Key Points: 
  • Excelerate Energy, Inc. (the "Company" or "Excelerate") (NYSE: EE) announced today the extension of its Time Charter Agreement with Dubai Supply Authority ("DUSUP") for the FSRU Explorer.
  • Prior to this agreement, the FSRU Explorer had a remaining firm charter period of approximately three years.
  • View the full release here: https://www.businesswire.com/news/home/20230302005134/en/
    "Reaching an agreement on the extension of our time charter agreement with DUSUP highlights our ongoing efforts to develop and grow our existing, diversified regasification business," said Daniel Bustos, Chief Commercial Officer of Excelerate.
  • We look forward to continuing our partnership with DUSUP and remain committed to providing Dubai with the critical energy security it needs."

Komainu Secures MVP Licence from Dubai's Virtual Assets Regulatory Authority

Retrieved on: 
Tuesday, November 22, 2022
MVP, Blockchain, VARA, Emirate, VASP, Emirate of Dubai, MEA, Cryptocurrency, Custodian

The MVP licence means that Komainu can offer an approved range of virtual asset related services to institutional investors in Dubai within an internationally benchmarked legislative framework for virtual asset service providers (VASPs) following completion of its readiness requirements.

Key Points: 
  • The MVP licence means that Komainu can offer an approved range of virtual asset related services to institutional investors in Dubai within an internationally benchmarked legislative framework for virtual asset service providers (VASPs) following completion of its readiness requirements.
  • The transition to an MVP licence, from a provisional approval received earlier this year, means Komainu can provide institutional clients in the UAE with:
    Komainu MEA FZE is the first 'dedicated" institutional digital asset custodian to receive its MVP licence approval from VARA.
  • Komainu acts as key gatekeeper to institutions gaining exposure to the virtual asset industry with the provision of secure and regulated virtual asset custody services for blockchain and beyond.
  • With the full MVP licence now granted by VARA, we look forward to launching our services in the MEA region and assist institutions gain exposure to virtual assets, whilst relying to secure and regulated virtual asset custody services."

New Research Reveals Best Real Estate Investments for Residence and Citizenship Rights

Retrieved on: 
Tuesday, February 8, 2022
Consulting, Data Management, Residential Building & Real Estate, Commercial Building & Real Estate, Technology, Construction & Property, Travel, Professional Services, Software, Other Professional Services, Other Travel, Knowledge, Henley & Partners, Acquisition, Emirate, GDP, Quality of life, Program, COVID-19, Emirate of Dubai, Index, Real estate, Henley, Family, CEO, Work, Partnership, EUR, Partner, Portugal Golden Visa, Commercial property, EU

Henley & Partners in partnership with Deep Knowledge Analytics has launched the Best Investment Migration Real Estate Index a unique new analytical tool to assess investment migration programs offering real estate investment as a pathway to residence rights or citizenship acquisition.

Key Points: 
  • Henley & Partners in partnership with Deep Knowledge Analytics has launched the Best Investment Migration Real Estate Index a unique new analytical tool to assess investment migration programs offering real estate investment as a pathway to residence rights or citizenship acquisition.
  • The Best Investment Migration Real Estate Index is a first-of-its-kind metric for those in the market for a secondary residence or citizenship.
  • International real estate has always been a reliable asset class due to its long-term staying power.
  • Sharing 5th spot with Thailand, the Portugal Golden Residence Permit Program continues to outstrip all others in terms of demand.