Iranian newspaper Tehran Times reported online that Iranian diplomats had left the embassy before it was stormed, citing foreign ministry spokesman Esmaeil Baqaei
mena1 hour ago
Abu Dhabi Global Market (ADGM) on Monday launched a new initiative called digital sandbox, bringing together financial institutions and FinTech innovators to join hands to experiment on products and solutions in a digital platform environment.
A statement issued on Monday explained that digital sandbox will provide a marketplace for open collaboration between financial institutions, Fintech firms, and regulators to facilitate testing and adoption of innovative digital financial products and services that can benefit the industry in the region.
It also allows financial institutions to source and procure Fintech solutions locally and globally, run tests digitally on the platform, and adopt and orchestrate the best ones that meet their business needs.
In this way, Fintech firms to offer their innovative solutions to international market players, and tap cross-border market access and opportunities to grow and scale their business. Participants in the UAE and regional markets to connect with other international markets and vice versa.
Richard Teng, CEO of ADGM's Financial Services Regulatory Authority, said the objective of the digital sandbox is to help financial institutions to build deep digital capabilities to tap market opportunities, and promote financial inclusion through innovative technologies to better cater to the underserved population in the Mena region. Meanwhile, ADGM and Department of Economic Development (DED) in Abu Dhabi on Monday signed a cooperation agreement to provide more integrated support for innovators and technology enterprises across various key industries.
The new partnership will serve to enhance the innovation and technology ecosystem in Abu Dhabi particularly and the UAE in general, encouraging the growth of small and medium enterprises.
The agreement was signed by Saif Mohamed Al Hajeri, Chairman of the DED, and Ahmed Al Sayegh, Chairman of ADGM, at the FinTech Abu Dhabi Summit 2018.
Al Hajeri said that innovation has become a focal point in Abu Dhabi's plans, programmes and initiatives due to its vital role in building a knowledge-based economy and transforming new and transformative ideas into economic value promoting economic growth and development locally and nationally. - waheedabbas@khaleejtimes.com
Iranian newspaper Tehran Times reported online that Iranian diplomats had left the embassy before it was stormed, citing foreign ministry spokesman Esmaeil Baqaei
mena1 hour ago
Abu Mohammed al-Jolani, whom the rebels identified by his real name Ahmed al-Sharaa, arrived hours after fighters seized the capital, they claimed
mena1 hour ago
Germany has the largest Syrian diaspora in the European Union, more than one million strong
mena1 hour ago
UN Special Envoy for Syria Geir Pedersen urged all Syrians to prioritise dialogue, unity and respect for international humanitarian law
europe1 hour ago
On Sunday, rebels announced that they had ousted the Syrian President, marking the end of his nearly 25-year-rule
mena1 hour ago
The defending champions scored 198 runs and then bundled out India for 139 to register an impressive 59-run victory
sports1 hour ago
Growth was primarily driven by the performance of financial institutions
markets2 hours ago
Al-Bahra says Syria should draft a constitution within six months on which the first election would be a referendum
mena2 hours ago