The Dirham-pegged stablecoin is expected to generate multiple opportunities to significantly bolster the digital economy. UAE’s multi-billion dollar tech conglomerate, Phoenix Group PLC, listed on the Abu Dhabi Securities Exchange (ADX), today announced its collaboration with Tether, the largest company in the digital asset industry, with plans to launch a stablecoin pegged to the United Arab Emirates Dirham. This collaboration between Phoenix Group and Tether is supported by Green Acorn Investments Ltd. With the global market for stablecoins currently valued at $150 billion and set to grow exponentially to $2.8 trillion by 2028, this monumental initiative is set to revolutionise … Continue reading ADX-listed Phoenix Group PLC and global giant, Tether set to create UAE Dirham-pegged stablecoin

INDEX Holding is leading a transformative move in its operations through the advanced integration of artificial intelligence (AI) technology across all its subsidiaries, both locally and globally. This strategic effort is in alignment with the visionary directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, emphasizing AI’s pivotal role in both business and everyday life. Recently, the organization’s dedication to innovation was prominently recognized at the World CIO 200 Summit UAE Edition 2024, where it received the Transformative Technology Leader Award, the CIO 200 Award, and the Legend … Continue reading INDEX Holding Leads Industry Transformation Through Advanced AI and Technology Integration