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Crypto

Fintech

+4

Revolut wins in-principle approval from Dubai's VARA to offer crypto services in the UAE

Jul 17, 2026

•

1 min read

Revolut wins in-principle approval from Dubai's VARA to offer crypto services in the UAE

The Virtual Assets Regulatory Authority approval covers broker-dealer, exchange, and management and investment services, and lands a month after Revolut completed its Central Bank licensing for payments, stacking a second regulatory pillar under a UAE launch that has yet to be given a date.

Jamie Lane
Jamie Lane

Fintech

+4

Sovra raises $2M+ pre-seed led by Pharsalus Capital to build a self-custodial dollar account for MENA

Jun 18, 2026

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1 min read

Sovra raises $2M+ pre-seed led by Pharsalus Capital to build a self-custodial dollar account for MENA

The round drew angel cheques from the likes of Ramp founder Karim Atiyeh and Lean Technologies founder Hisham Al-Falih, backing a platform that holds user balances in USDC outside the conventional banking system.

Jamie Lane
Jamie Lane

News

+3

Bahrain's Rain acquires Saudi financial media company Digital Ma'arefa in bid to reach one million Arabic-speaking crypto followers

Apr 28, 2026

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2 min read

Bahrain's Rain acquires Saudi financial media company Digital Ma'arefa in bid to reach one million Arabic-speaking crypto followers

Digital Ma'arefa is a Saudi-based financial media company behind The Finance Memo, Crypto Memo, AI Memo and a broader newsletter and podcast network reaching more than one million followers and over 100,000 newsletter subscribers.

Jamie Lane
Jamie Lane

Fintech

+3

How stablecoins are rebuilding MENA cross-border payments

Mar 25, 2026

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23 min read

How stablecoins are rebuilding MENA cross-border payments

How stablecoins actually work and why Tether owns emerging markets. The regulatory landscape across Saudi, Egypt, and the UAE. The founders building the pipes, the sovereignty question, and why the window is closing.

Jamie Lane
Jamie Lane

Fintech

+4

CoinMENA acquired by Paribu in up to $240M deal, marking Türkiye’s largest fintech transaction

Dec 5, 2025

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3 min read

CoinMENA acquired by Paribu in up to $240M deal, marking Türkiye’s largest fintech transaction

The Turkish crypto giant gains VARA and Bahrain licenses through its purchase of CoinMENA, expanding regulated operations into the MENA region as consolidation accelerates across digital asset markets.

Jamie Lane
Jamie Lane

Saudi Arabia

+3

Saudi Web3 startup Astra Nova secures $48.3M to expand creator platforms globally

Oct 21, 2025

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2 min read

Saudi Web3 startup Astra Nova secures $48.3M to expand creator platforms globally

Founded by Muhamed Ashhar and Faizy Ahmed, Astra Nova develops tools that allow creators to launch interactive blockchain-based experiences without technical expertise.

Jamie Lane
Jamie Lane

Startups

+3

Dubai’s VARA fines Fuze over AML failures, cites unlicensed activity

Aug 19, 2025

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3 min read

Dubai’s VARA fines Fuze over AML failures, cites unlicensed activity

As part of the enforcement action, Fuze was handed a financial penalty and placed under ongoing supervision, with remedial actions to be overseen by an independent expert.

Jamie Lane
Jamie Lane

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