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AE Coin Launch Imminent After Gaining CBUAE Approval

Pegged to the UAE Dirham, the UAE’s first stablecoin is set to revolutionize digital payments while offering secure, efficient transactions.

Published

5 months ago

December 10, 2024

Nour Nasir

ae coin launch imminent after gaining cbuae approval

AE Coin, the UAE’s first stablecoin, has officially received a license and go-ahead to launch from the Central Bank of the UAE (CBUAE). The news signals a major step in the region’s digital transformation and the UAE government’s vision for financial innovation.

Developed under the CBUAE’s digital payment token framework, AE Coin aims to reshape financial services with the promise of faster, secure and more cost-efficient transactions. The stablecoin is designed to merge traditional fiat currencies with the efficiency of blockchain, with each AE Coin pegged 1:1 with the UAE Dirham, ensuring stability and trust. Its goal goes beyond streamlining financial transactions to creating an inclusive financial ecosystem for both individuals and businesses.

With blockchain as its backbone, AE Coin offers transparency and efficiency without compromising reliability. Its potential spans various industries, from e-commerce to remittances and decentralized finance (DeFi). By empowering financial inclusion and fostering innovation, the coin’s creators hope it will become a key part of the UAE’s push for a future-ready digital economy.

Ramez Rafeek, General Manager of AE Coin, highlighted the transformative power of the project:

“AE Coin harnesses the speed and efficiency of blockchain technology […] simplifying transfers, making them faster and more seamless. In a rapidly evolving digital world, AE Coin sets a new standard for trust, security, and innovation in digital currency”.

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AE Coin’s ongoing strategy includes forging partnerships with financial institutions, payment gateways, and tech firms to drive adoption rates. Future initiatives also aim to integrate AE Coin with decentralized applications, secure listings on prominent cryptocurrency exchanges, and continually enhance its cutting-edge technology.

Related Topics:AE Coin Cryptocurrency United Arab Emirates

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UAE’s Etihad Rail Launches In 2026 — What You Need To Know

A 1,200 km passenger network will transform public transport, with 11 connected cities, and high-speed trains cutting inter-emirate travel times.

Published

1 day ago

May 19, 2025

Nour Nasir

Etihad Rail

Etihad Rail has confirmed that its long-anticipated passenger train service will officially launch in 2026, ushering in a new era of high-speed, inter-emirate travel. The UAE’s national railway developer shared the announcement on X (formerly Twitter), as work continues on a 1,200 km passenger network set to connect 11 cities across all seven emirates.

The news marks a major leap in public transportation for the country, with passenger trains designed to reach speeds of up to 200 km/h. Travel times will be significantly reduced — Abu Dhabi to Dubai is expected to take just under an hour, while the journey to Fujairah will be cut to around 105 minutes. A separate high-speed line, capable of reaching 350 km/h, is also in the works to link Abu Dhabi and Dubai in just 30 minutes.

The backbone of the network was completed in 2023, when Etihad Rail launched its 900 km freight service linking key industrial and logistics hubs across the UAE, including ports in Abu Dhabi, Dubai, and Fujairah. Now, the focus has shifted to passenger infrastructure.

The first station will be located in Sakamkam, Fujairah city centre, and a second is confirmed near University City in Sharjah. Dubai’s main station is expected to be adjacent to Jumeirah Golf Estates Metro Station, while Abu Dhabi’s is anticipated along the corridor separating Mussafah Industrial Area and Mohammed Bin Zayed City.

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Once completed, the passenger network will link cities including Al Sila, Al Ruwais, Al Mirfa, Dubai, Sharjah, Al Dhaid, Abu Dhabi, Ras Al Khaimah and Fujairah. Integration with Oman is also part of the long-term vision. A new cross-border project — Hafeet Rail — will span 303 km between Sohar and Abu Dhabi’s Al Wathba area. Developed by Etihad Rail in collaboration with Oman Rail and Mubadala, the link is expected to deepen trade and tourism ties between the two countries.

Etihad Rail’s passenger trains will carry up to 400 passengers each and feature Wi-Fi, entertainment systems, charging points, and onboard food and beverage options to ensure a comfortable experience. To further simplify access, passengers will be able to pay with their nol cards, thanks to a partnership between Etihad Rail and Dubai’s Roads and Transport Authority (RTA). The collaboration aims to integrate fare payments and booking systems under one unified platform.