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14,000 to ‘Walk for People and Planet’ on March 29 in Dubai

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The 3km ‘Walk for People and Planet’ will be hosted by Expo 2020 Dubai on Tuesday (March 29).

The event will celebrate the collective six-month contribution of stakeholders from across the World Expo in fostering a safer, cleaner, healthier and more sustainable future, working towards the Sustainable Development Goals (SDGs).

Setting off at 07.30am on Tuesday from the Expo Sports Arena, the walk is a culmination of activities under Expo 2020 Dubai’s Programme for People and Planet, which has inspired collective and meaningful action to address the world’s most critical challenges and opportunities.

Across event-time, the programme featured 229 events and involved more than 14,000 participants from 143 nationalities, with women making up 45 per cent of the total speakers.

Nadia Verjee, chief of staff, Programme for People and Planet, Expo 2020 Dubai, said, “Expo 2020 Dubai has brought the world together for six months and affirmed commitment to people and planet, and a sustainable future for all. Through our efforts, Expo has provided a powerful platform for people’s voices to be heard to trigger new ideas, stimulate new perspectives, and map a transparent path forward for effective action.”

“As Expo 2020 Dubai comes full circle, we’d like to invite everyone to continue to build upon this momentum as we walk together to take the necessary steps as individuals, as businesses and as policy makers towards achieving the Sustainable Development Goals,” she added.

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Dubai set to have world’s largest airport with 400 gates and 5 parallel runways 

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Dubai announced on Sunday that work had begun on a new terminal at Al Maktoum International Airport, which Sheikh Mohammed bin Rashid Al Maktoum, Vice-President, Prime Minister of the UAE and Ruler of Dubai said will become “the world’s largest” at a cost of almost $35 billion.

“We approved the designs for the new passenger terminal at Al Maktoum International Airport, and (are) commencing construction of the building at a cost of AED 128 billion ($34.85 billion),” Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai and prime minister of the United Arab Emirates, said on X.

Once fully operational, the airport will “handle a passenger capacity of 260 million annually”, the government said in a statement.

Sheikh Mohammed said it will have “the world’s largest capacity” and be “five times the size of the current Dubai International Airport”, which is one of the world’s busiest air hubs.
According to Sheikh Ahmed bin Saeed Al Maktoum, president of the Dubai Civil Aviation Authority and CEO of flag carrier Emirates, “the first phase of the project will be ready within a period of 10 years, with a capacity to accommodate 150 million passengers annually.”
Built on the city’s outskirts, Al Maktoum airport has received a relatively small share of the Gulf financial hub’s air traffic since 2010.

Authorities want it to replace Dubai International Airport, which has a capacity of up to 120 million passengers annually and whose city-centre location prevents expansion.

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UAE stars from DP WORLD ILT20 help national side qualify for Asia Cup 2025

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The UAE cricket team qualified for the 2025 Asia Cup, a tournament they will be participating in after nine long years, following a 55-run win over Oman in the ACC Men’s Premier Cup final on Sunday. Their victory was backed by stupendous performances from skipper Muhammad Waseem as well as young batter Alishan Sharafu before pacer Junaid Siddique, in the company of Aayan Afzal Khan, led the bowling attack to help UAE win the final comfortably.

Muhammad Waseem scored a blistering 56-ball-century and was well supported by his opening partner Alishan Sharafu who contributed 34 to their opening stand of 94 runs. After putting up 204 on the board, Junaid Siddique picked up three wickets for 38 runs in his four overs while Aayan Afzal Khan finished with figures of two for 29 to restrict Oman to 149-9 in their 20 overs, as they went on to avenge their defeat to Oman earlier in the tournament.

The 21-year-old Alishan Sharafu, who ended up as the highest run getter of the tournament with 278 runs in six innings, continued his fine form from the DP World ILT20 earlier this year where he played an important role in Sharjah Warriors’ qualification into the play-offs. Striking at 163.52, with a top score of 90* in UAE’s first game against Kuwait, Sharafu made full use of his opportunity with the UAE senior team to leave a mark at the international level during the ACC Premier Cup and help his team seal a spot in the 2025 Asia Cup. “This was a fantastic team effort and I am happy I could contribute with the bat. I was carrying a lot of confidence from my stint in the DP World ILT20 where I batted against some of the best bowlers in world cricket. I think for many of us in the team, this exposure was instrumental and we have been doing well under our new coach Lalchand Rajput,” stated Sharafu.

Captain of the UAE team, Muhammad Waseem ended the ACC Premier Cup just nine runs behind his opening partner, leading his team by example. It hasn’t been too long since Waseem lit up the DP World ILT20 2024, where he set the tone at the top for his team, the MI Emirates, who won the championship. The powerful 30-year-old opener has made a habit of taking the attack to the opposition in the Finals of tournaments. A 24-ball-43 in the DP World ILT20 Final against Dubai Capitals earlier this year and now a century while steering his team to a huge total in the ACC Premier Cup Final proved that Waseem is a big-match player. “It feels incredible to make the Asia Cup. This is the first time in nearly a decade that UAE will be playing this prestigious tournament and the team is ecstatic,” expressed Waseem.

“Definitely the exposure we gained during the DP World ILT20 was instrumental in our performance. Playing alongside the best cricketers in the world is a big factor in improving our individual performances as well as a team. I think we are adapting to playing under pressure very well after our experience in these leagues,” added Waseem who was the recipient of the Blue Belt awarded to most outstanding player from UAE at the DP World ILT20.
Impressive at the ACC Premier Cup was another youngster who turned heads at the DP World ILT20 2024 while representing the Gulf Giants. Left-arm spinner Aayan Afzal Khan continued to spin webs around the batters as he consistently picked up wickets for the UAE senior team including figures of two for 29 in the all-important final against Oman. With ten wickets in six innings, Aayan picked up ten wickets to finish as his team’s highest wicket taker as well as the second highest wicket taker of the tournament overall. Displaying maturity with his variations and when he used them, Aayan’s performances were prominent in UAE’s confirmation of a spot in the 2025 Asia Cup.

“I have gained a lot of confidence after my recent experience at the DP World ILT20 where I got to watch and learn from some of the best bowlers in the world. For a youngster like me, exposure like this definitely helps in improving my own performance. I am very happy that I was able to contribute to my team’s success in ACC Premier Cup and we are now looking forward to a good show in Asia Cup,” stated Aayan.
Junaid Siddique picked up six wickets in the five games he played for UAE and was their best bowler in the ACC Premier Cup final. Although the pacer didn’t get too much playing time in the DP World ILT20 2024 for the Sharjah Warriors, sharing the dressing room with international stars like Chris Woakes and Daniel Sams certainly provided him with the much-needed experience that was there for everyone to see in the ACC Premier Cup final. “Though I did not get too many matches at the DP World ILT20 this year, sharing the dressing room with some of the cricket greats and watching them closely did help me. I am motivated even more to perform well for UAE and showcase my potential. I am really happy I could do well for the team and look forward to more such performances,” Junaid said.

Pacer-all rounder Ali Naseer, who played for the Desert Vipers in DP World ILT20 2024 and can be remembered for his stunning catch to dismiss Nicholas Pooran, was another UAE cricketer who had a decent outing in the ACC Premier Cup picking up seven wickets from the six games he played with best figures of three for 26 coming against Kuwait.

While how they square up against the best teams in the continent is to be seen, the DP World ILT20’s role in developing UAE cricket is certainly justified with the national side’s qualification in to the Asia Cup after nearly a decade.

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Funding Continues to Surge as Second Edition of Dubai FinTech Summit Commences

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For the second consecutive year, Dubai will remain in the spotlight as it hosts the second edition of Dubai FinTech Summit, under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance of the UAE and President of DIFC, which is set to take place on 6-7 May at Madinat Jumeirah.

Organised by Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, the Summit will bring together 8,000 decision-makers, over 300 thought leaders and more than 200 exhibitors to discuss the latest innovations and challenges and showcase cutting-edge technologies.

The global FinTech sector is rapidly growing and is predicted to be valued at USD 608bn globally 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.

Dubai FinTech Summit will offer a platform for start-ups, investors and industry leaders to connect and capitalise on the growing FinTech market in the region and beyond. The MENA region’s FinTech start-up and venture capital landscape is booming, with over 800 FinTech start-ups worth USD15.5 bn, according to data by dealroom.co. Reflecting the ongoing transformation in the financial sector driven by Innovation, Inclusion, and Impact, the key themes this year will be Finance Renaissance, Ecofinance and Impact, Investment Vanguard, Regulatory Frameworks, Global Financial Dynamics and FinTech 2.0.

Mohammad Alblooshi, CEO at DIFC Innovation Hub, said: “Nearly 60 per cent of all FinTech companies in the GCC are currently based in Dubai. 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.”

With an impressive line-up of distinguished local and international speakers, the Dubai FinTech Summit will host a series of panel discussions and fireside chats. More than 20 governors of financial institutions will attend the summit this year, amongst them, H.E. Essa Kazim, Governor, DIFC, UAE; H.E. Dr. Philmnisi, Governor, Central Bank of Eswatini; H.E. Cheaserey, Governor National Bank of Cambodia; H.E. Martin Galstyan, Governor, Central Bank of Armenia; H.E. John Rwangombwa, Governor, National Bank of Rwanda; H.E. Prof. Edward Scicluna, Governor, Central Bank of Malta will participate in discussions during the two-day event. Adena T. Friedman, Chair & 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 global markets at Bank of America, along with many other global industry leaders will also be participating in the various sessions planned for the Summit. Notable local speakers include H.E. Abdullah bin Touq Al Marri, Cabinet Member & UAE Minister of Economy; H.E. Helal Saeed Al Marri, Director General, Department of Economy and Tourism, Dubai; H.E. Salem Humaid Al Marri, Director General, Mohammed Bin Rashid Space Centre, UAE; and H.E. Faisal Belhoul, Vice Chairman of the Dubai Chamber, Chairman of J&F Holding.

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 USD 1 million. The competition is a growth-enabling initiative by DFS designed to encourage cross-border collaboration and stellar innovation, pivotal to transforming the global FinTech sector.

In line with the D33 Agenda to position Dubai as the top four global financial hub by 2033, the 2nd edition of the Dubai FinTech Summit is designed to encourage cross-border collaboration and innovation, pivotal to transforming the global FinTech sector. It presents a unique opportunity to explore emerging FinTech trends and their potential to drive financial progress in the MEASA region.

The inaugural Dubai FinTech Summit attracted over 5,000 C-suite leaders from over 90 countries including north of 1,000 investors and more than 150 speakers. Over 20 Memorandum of Understandings were signed with global financial leaders during the Summit.

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