{"id":106282,"date":"2025-08-06T00:00:00","date_gmt":"2025-08-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/another-addition-to-cbuaes-open-finance-network-ai-powered-parking-in-dubai\/"},"modified":"2025-08-06T00:00:00","modified_gmt":"2025-08-06T00:00:00","slug":"another-addition-to-cbuaes-open-finance-network-ai-powered-parking-in-dubai","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/08\/06\/another-addition-to-cbuaes-open-finance-network-ai-powered-parking-in-dubai\/","title":{"rendered":"Another addition to CBUAE\u2019s open finance network + AI-powered parking in Dubai?"},"content":{"rendered":"<p class=\"tag-border-left\">FINTECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Regional<\/strong> <strong>open <\/strong><strong>banking platform <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.tarabut.com\/\" style=\"\" rel=\"noopener\">Tarabut<\/a><\/strong><strong> secured in-principle approval from <\/strong><strong>the <\/strong><strong>Central Bank of the UAE (CBUAE) <\/strong>to extend its offerings to firms in the UAE under the Open Finance Framework, according to a <a target=\"_blank\" href=\"https:\/\/www.tarabut.com\/blogs\/post\/tarabut-secures-cbuae-in-principle-approval\" style=\"\" rel=\"noopener\">press release<\/a>. Tarabut is also licensed in Saudi Arabia and Bahrain, and gives banks, lenders, ins. firms, and digital platforms authorized access to customer data for income verification, real-time assessments, and personalized financial options. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">ICYMI- <\/strong><span style=\"background-color: transparent;\">The approval comes after the UAE introduced a regulatory framework for open finance <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7a97d2bd-f426-4e6e-a834-f5101dd446d5\/uae-central-bank%25e2%2580%2599s%253cmark%253e-open-finance%253c%2Fmark%253e-framework-debuts-with-first-fintech-authorization\" rel=\"noopener\">earlier this year<\/a><span style=\"background-color: transparent;\">, with alternative payment method provider Pay10 being the first firm to secure authorization. More recently, <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2adadb82-825d-4e15-b404-d8d3c47e4822\/chinese-marketplace-operator-zhuanzhuan-comes-to-dafz\" rel=\"noopener\">infrastructure firm Spare<\/a><span style=\"background-color: transparent;\"> and <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e2315dd0-4399-4063-8b68-08ae01de2930\/dae-secures-10-boeing-amid-fleet-reshuffle-%2B-enec-eyes-international-nuclear-projects-with-hyundai\" rel=\"noopener\">Saudi Arabia\u2019s Lean Technologies<\/a><span style=\"background-color: transparent;\"> also received approval to operate under the framework.<\/span><\/p>\n<p class=\"tag-border-left\">INFRASTRUCTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Dubai\u2019s public parking operator <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.parkin.ae\/\" style=\"\" rel=\"noopener\">Parkin<\/a><\/strong><strong> is more than doubling its parking c<\/strong><strong>overage<\/strong> <strong>via an agreement with Dubai Holding<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/8\/221.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The move will strengthen Parkin\u2019s presence in the private-developer parking segment and across several master-planned communities in Dubai, Parkin CEO Mohamed Abdulla Al Ali said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Under the agreement<\/strong>, Parkin will operate and manage around 29.6k paid parking spaces, expanding its total developer-owned portfolio to approximately 50.4k spaces. It also just recently said it will <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4ef9fa18-6aa3-4a21-bf78-50d46b50dcf3\/this-morning:-adnoc-drilling-eyes-another-acquisition-in-kuwait-and-oman-%2B-fuel-prices-are-down-marginally-in-august\" style=\"\" rel=\"noopener\">take over 2.1k spaces<\/a> at religious sites across Dubai, including mosques. The phased rollout is expected to moderately impact the company\u2019s operational income from mid-3Q 2025. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Dubai Holding, Parkonic, Salik partner on AI parking: <\/strong>Dubai Holding is partnering with Dubai-based smart parking company Parkonic and the emirate\u2019s toll operator Salik to roll out the region\u2019s first fully autonomous, AI-powered parking network across more than 36k parking spaces in key Dubai Holding communities, according to <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2025\/august\/05-08\/parkonic-and-salik-launch\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The system will offer fully automated parking with billing handled by Salik\u2019s payment infrastructure. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS: More automated parking is coming to Dubai<\/p>\n","protected":false},"author":1,"featured_media":106283,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1552],"tags":[47,157,87,7,79,161,183],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-106282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-central-bank-of-the-uae","tag-dubai","tag-enterpriseam-uae","tag-fintech","tag-infrastructure","tag-parkin","wpautop","entry"],"acf":{"mongo_id":"b9b49e2c-a356-4d3e-8636-83ce732111fe","order":"12","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/1512.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Another addition to CBUAE\u2019s open finance network + AI-powered parking in Dubai?","related_issue":[106262],"teaser":"PLUS: More automated parking is coming to Dubai","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/8\/.ddbc7cd5-2797-4676-a9df-ac857c418d5f.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Another addition to CBUAE\u2019s open finance network + AI-powered parking in Dubai? 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