Bahrain has proposed a new stablecoin regulatory framework aligned with Sharia principles. Setting national standards, the move positions Bahrain as a leader in Islamic fintech across the GCC and aims to fuel growth in compliant digital asset use source: reuters.com
Bahrain unveils Sharia-compliant stablecoin standards to support Islamic fintech growth Read More »
Circle, issuer of the stablecoin USDC, is in early negotiations in the UAE to embed its digital dollar in one of the region’s busiest remittance networks. This could streamline cross-border transfers and align with Gulf fintech expansion Source: agbi.com
Circle in talks to integrate USDC into UAE remittance corridor Read More »
On July 1, the UAE Central Bank revealed plans for a fully legal tender Digital Dirham, underpinned by blockchain technology. While not a cryptocurrency, the digital currency promises faster, lower-cost transactions—including seamless remittances—and broader integration with shops, banks, and government services Source: gulf news
UAE launches “Digital Dirham” — a blockchain‑based central bank digital currency Read More »
As of late June, the Tadawul Index (Saudi Arabia) has emerged as one of the worst-performing global markets in 2025, off over 9%. Analysts attribute the decline to falling oil prices, rising debt issuance, and underwhelming IPO performance — raising questions about the sustainability of Saudi Arabia’s economic diversification under Vision 2030 Source: x.com
Saudi market slide casts doubt on reform momentum Read More »
Most Gulf stock markets ended lower on July 1, 2025, as investors booked profits and awaited a U.S. Senate vote on a controversial tax and spending package. Saudi Arabia’s benchmark index fell 0.4%, hit by declines in major firms, while Dubai and Abu Dhabi markets each slipped around 0.2–0.3%. Qatar also saw a drop of about 0.5%, despite first-quarter economic growth of 3.7%
Gulf markets dip ahead of U.S. tax bill vote Read More »