ARP Digital has secured a broker-dealer license from Dubai's Virtual Assets Regulatory Authority, enabling the firm to offer regulated digital asset and UAE dirham conversions for institutional clients.
Dubai's Department of Economy and Tourism launched the 'Dubai Invite' scheme, offering residents benefits worth over 3,000 AED to attract friends and family, aiming to revive tourism numbers that plummeted after the city was drawn into the US-Israel war on Iran, leading to hotel vacancies and revenue declines.
Kraken's operator, Payward, received preliminary approval from Dubai's VARA for a broker-dealer, investment, and management license, paving the way for a full launch in the UAE with services like AED funding and institutional access.
