Dubai’s Roads and Transport Authority (RTA) has recently held the first legal forum to review the rules and regulations governing operations for passenger transport autonomous air vehicles. This preliminary step aims to chart out suitable structures and develop rules and regulations required for the operation of this ultra-advanced mode of future transportation. Such efforts form an integral part of plans and
Verofax Limited, an Asset Digitization and Traceability solutions provider, today announced closing a $1.5M pre-Series A round by international investors led by Benson Oak Ventures, with 500 Startups, Wami Capital and Vernalis Capital completing the group. Verofax utilizes patented technology incorporating Blockchain, Augmented Reality and Artificial Intelligence to provide ‘Traceability as a Service’, enabling brands to turn their offline products interactive,
Etisalat Digital’s blockchain arm UAE Trade Connect (UTC) has crossed the milestone of handling invoices worth AED10 billion within its first eight months of operation. This amount represents the value of invoices presented by member banks into the UTC system for fraud analysis and duplicate financing checks The consortium banks include Commercial Bank of Dubai, Commercial Bank International, EmiratesNBD, First Abu
