Dubai International Financial Centre (DIFC) has launched a new license for startups, entrepreneurs, and technology firms. The new Innovation License will attract a variety of businesses to DIFC and is a key initiative for the Dubai Future District, which was announced in January 2020 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler … Read More
UAE named the largest FinTech hub in MENA
According to a report by Abu Dhabi Global Market (ADGM) and MAGNiTT, $237 million dollars has been invested in MENA-based FinTech startups since 2015. FinTech has received 181 investments over 5 years, accounting for 10% of all venture investment deals across MENA. Other key points from the report include; FinTech Investments: 2017 was the breakout year for FinTech investments across … Read More