Tagged: difc

Dubai International Financial Centre Receives Approval to Join the World Alliance of International Financial Centers

      Dubai International Financial Centre (DIFC), an international financial hub in the Middle East, Africa, and South Asia (MEASA) region, has received approval to join the World Alliance of International Financial Centers (WAIFC). WAIFC is described as a non-profit association registered in Belgium,… Read More

Over 80 New Fintech Initiatives Joined Dubai International Financial Centre in H1 2020, a 75% YoY Increase

Although Dubai’s economy is projected to contract by 6.2% this year, with the travel and hospitality industries hit really hard due to the COVID-19 pandemic, the country saw a significant increase in bank financing for its communications, storage, and transport sectors. There was also solid… Read More

UAE’s Real Estate focused Fintech Stake to Allow Investors to Begin Investing with Only 2,000 Dirhams

A Dubai-based real estate-focused Fintech firm is planning to offer local investors an opportunity to invest in the property market with as little as 2,000 AED (appr. $544). UAE-headquartered Stake, which is supported by a Saudi national, is currently based in the Fintech Hive which… Read More

Dubai International Financial Centre’s Fintech Hive and Israel’s Fintech Aviv to Work Cooperatively to Expand Financial Tech Ecosystems

The Dubai International Financial Centre (DIFC) Fintech Hive, the largest Fintech hub in the MENA region, entered into an agreement with Israel-based Fintech-Aviv on Saturday, November 28, 2020. Founded in 2014, Fintech Aviv aims to cater to the needs or requirements of the Israeli Fintech… Read More

UK’s Paymentology, a Digital Payments Tech Solutions Provider, to Offer Services in the UAE and other Middle Eastern Countries

UK-based Paymentology, a payment tech solutions provider, is reportedly working with banks and financial institutions based in the UAE and the Middle East in order to offer digital payments services. Paymentology claims that its payment services will change and improve the way customers conduct transactions… Read More

Digitization and Growth in India and UAE’s Fintech, Healthtech Sectors will Lead to Key Changes in Financial and Medical Services, Industry Exec Says

Sameer Nawani, Chief Representative of the Dubai Chamber’s International Office in Mumbai, has noted that the digitization and ongoing growth in technology will lead to significant changes in financial and healthcare services. Nawani, whose comments came during a recent webinar about the impact of COVID-19… Read More

Chengdu’s Jiaozi Fintech Dreamworks and Dubai International Financial Center to Take Advantage of Fintech Opportunities in the UAE and China

The Dubai International Financial Center (DIFC) and Jiaozi Fintech Dreamworks, a Chengdu, China-based Fintech innovation platform, have agreed to allow financial technology firms in both China and the UAE to take advantage of new opportunities by accessing each others’ respective markets. Under the agreement, the… Read More

Arif Amiri, CEO at Dubai International Financial Center, Confirms there are Over 160 Fintechs it’s Support to “Drive Sustainable Growth”

Dubai UAE Beach Camels fredrik-ohlander-unsplash

Dubai is consistently ranked among the world’s leading Fintech hubs. Fintechs in Dubai have been supported by the UAE (United Arab Emirates) government which has introduced many progressive policies and regulations. In statements shared with the Khaleej Times, Arif Amiri, CEO at the Dubai International… Read More

India Remains a “Crucial” Market for the Dubai International Financial Center, Salman Jaffery, Chief Business Development Officer at DIFC Says

Fintech firms based in India and the United Arab Emirates (UAE) plan to continue working cooperatively in order to address key socio-economic changes and challenges resulting from the global COVID-19 outbreak. India and UAE’s financial hub Dubai aim to stay on top of major changes… Read More

Padmini Gupta’s Dubai-based Fintech Firm Rise, which Helps Low Income Migrant Workers, Secures New Investments

Dubai-headquartered Fintech firm Rise has secured funding via an investment round led by Middle East Venture Partners (MEVP). The round was carried out through a partnership with Dubai International Financial Centre (DIFC) Fintech Fund, 500 Startups, Khwarizmi Ventures and Phoenician Funds. The amount invested has… Read More

State-Owned Dubai International Financial Centre Adds Over 2,000 Jobs, Records $139 Million in Net Profits

Dubai UAE Beach Camels fredrik-ohlander-unsplash

The financial sector in Dubai will be expanding at a gradual pace and only if there is enough demand for new platforms and services, according to the local financial district’s governor. The state-owned Dubai International Financial Centre (DIFC) began expanding its operations in 2019. It’s… Read More

Dubai International Finance Center and UAE’s Mashreq Bank Are Promoting the Use of a Secure Blockchain-enabled KYC Data Sharing Solution

Dubai International Finance Center (DIFC) and Mashreq Bank, the oldest privately-owned bank in the United Arab Emirates (UAE) with over $2.2 billion in annual revenue, are trying to encourage  other banks in the Middle East to take part in a blockchain-enabled know-your-customer (KYC) data sharing… Read More

Dubai International Financial Center Signs MoU for Tech Development with Singapore’s Tribal Accelerator for Blockchain and DLT Initiatives

The Dubai International Financial Center (DIFC) has committed to a memorandum of understanding (MOU) with Singapore’s Tribe Accelerator, a government-backed blockchain or distributed ledger technology (DLT) project accelerator. According to the terms of the MoU, the DIFC and Tribe Accelerator aim to work cooperatively on… Read More

One-Third of Fintech Firms in the Middle East and North Africa (MENA) Are Based in the UAE

The United Arab Emirates’ (UAE) Fintech industry is set to enter 2020 with promising deals as more investors and companies explore potential investment opportunities. One-third of Fintech firms in the Middle East and North Africa (MENA) are based in the UAE. The number of Fintech… Read More

Dubai International Financial Centre Signs MoU With UK’s Innovate Finance

Fintech

Dubai International Financial Centre (DIFC), an international financial hub in the Middle East, Africa, and South Asia (MEASA) region, announced on Monday it has signed a Memorandum of Understanding (MoU) with Innovate Finance, an independent membership association that is at the heart of the UK’s… Read More

FinTech Hive Selects 22 Startups For 2018 Accelerator Program

FinTech Hive at DIFC, a fintech accelerator that was established by the Dubai International Financial Centre (DIFC), announced on Tuesday the 22 startups that were selected for its 2018 accelerator program. According to FinTech Hive, the second edition of the program received more than 300 applications… Read More

FinTech Hive Reports More Than 300 Applications Were Submitted For 2018 Accelerator Program Edition

FinTech Hive at DIFC, a fintech accelerator that was established by the Dubai International Financial Centre (DIFC), announced on Wednesday that more than 300 applications were submitted for the program’s 2018 edition. The accelerator began accepting application in May. As previously reported, FinTech Hive was… Read More

Dubai International Financial Centre Announces New Fintech Partnership With Startupbootcamp

Dubai International Financial Centre (DIFC) announced on Tuesday it has formed a new partnership with Startupbootcamp to support the development of the growing fintech and venture capital ecosystem in the Centre as well as promote entrepreneurship in the region. According to the organization, this partnership… Read More

FinTech Hive at DIFC Opens Applications For 2018 Accelerator Program

FinTech Hive at DIFC, a fintech accelerator that was established by the Dubai International Financial Centre (DIFC), announced over the weekend that it is now accepting applications for its 2018 program, kicking off a competitive search for the top fintech and insurtech innovators in the region…. Read More

FinTech Hive at DIFC Announces Program & International Expansion

FinTech Hive at DIFC, a fintech accelerator that was established by the Dubai International Financial Centre (DIFC), announced last week its upcoming programme will expand its themes to include insurance, Islamic finance, and regulatory technology services. According to the organization, this program will continue to bridge the… Read More

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