Usually, proms are organised for students that have written board exams, at the end of their school year
uae22 hours ago
Nearly 60 per cent of all the financial technology (fintech) companies in the GCC are currently based in Dubai, Mohammad Alblooshi, CEO of DIFC Innovation Hub, said while announcing the second edition of the Dubai FinTech Summit.
The Mena region’s fintech start-up and venture capital landscape is booming, with over 800 fintech start-ups worth $15.5 billion, according to data by dealroom.co.
Stay up to date with the latest news. Follow KT on WhatsApp Channels.
The global fintech sector is predicted to be valued at $608 billion by 2029, according to Mordor Intelligence, a market intelligence and advisory firm. Bucking the downward global market trend, the Mena fintech market is expected to register a CAGR of over eight per cent during the period 2024 to 2029.
The two-day summit will offer a platform for start-ups, investors and industry leaders to connect and capitalise on the growing market in the region and beyond.
“With the industry growing at an unprecedented rate, it is crucial for stakeholders to gather and discuss the challenges and opportunities that lie ahead. The Dubai FinTech Summit will bring together the most prominent figures in the industry, with an agenda that is aimed at driving innovation, inclusivity, and growth for all,” said Alblooshi.
Organised by Dubai International Financial Centre (DIFC), over 8000 decision-makers, 300 speakers and more than 200 exhibitors will take part in the Summit on May 6 to May 7 2024.
The inaugural Dubai FinTech Summit in 2023 attracted over 5000 C-suite leaders from over 90 countries including more than 1000 investors and more than 150 speakers. Over 20 MoUs were signed with global financial leaders during the Summit.
More than 20 governors of financial institutions and global executives will attend the summit this year, including Kazim, governor of DIFC, UAE; Adena Friedman, chairwoman and CEO of Nasdaq Inc; Nic Dreckman, CEO of Bank Julius Baer & Co.; Yie-Hsin Hung, president & CEO of State Street global advisors; and Jim Demare, president of Global Markets at Bank of America, along with many other global industry leaders.
Notable local speakers include Abdullah bin Touq Al Marri, UAE Minister of Economy; Helal Saeed Al Marri, director-general of the Department of Economy and Tourism, Dubai; Salem Humaid Al Marri, director-general, Mohammed Bin Rashid Space Centre, UAE; and Faisal Belhoul, vice-chairman of the Dubai Chamber.
A key highlight of the Dubai FinTech Summit will be the Grand Finale of the FinTech World Cup (FWC). The champions of the FinTech World Cup will be announced on Day 2 of the summit with the winners securing an investment of up to $1 million.
ALSO READ:
Usually, proms are organised for students that have written board exams, at the end of their school year
uae22 hours ago
Corporate tax applies to juridical persons incorporated in the Emirates and to foreign entities that are effectively managed and controlled in the country
uae1 day ago
The exact cause of Salma’s cancer remains multifactorial, potentially involving family history and hormonal imbalances
uae1 day ago
Rents in both emirates have been on the rise after the pandemic due to the influx of foreign professionals and high-net-worth individuals
uae1 day ago
The facility is supported by M42’s Environmental Sciences team and is located at the Central Testing Laboratory (CTL) in Masdar City
uae1 day ago
Other countries like Oman have also announced a holiday for the Hijri New Year
uae1 day ago
One million workers to benefit from the Al Freej Fridge campaign, which will continue until August 23
uae1 day ago
The Dubai-based citizen now stands the chance to win the Arab Reading Challenge title and receive the Dh500,000 prize
uae1 day ago