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Dubai FinTech Summit to convene with more than 5,000 experts

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Dubai continues to solidify its reputation as a global hub for FinTech and Innovation ahead of the Dubai FinTech Summit taking place on 8 and 9 May this year under the patronage of Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai; Deputy Prime Minister and Minister of Finance of the UAE; and President of the Dubai International Financial Centre.

Last year, investment in DIFC’s FinTech and innovation community exceeded $615 million and the total number
of active firms in the sector grew 36 per cent to 686.

The Fintech and Innovation sector in the Middle East, Africa and South Asia (MEASA) region is growing at pace with a market value forecasted to double in size from $135.9 billion in 2021 to $266.9bn in 2027 according to DIFC FinTech Hive’s 2022 FinTech Report.

The Dubai FinTech Summit will provide the perfect environment for connecting start-ups, investors and industry leaders tapping into this opportunity as they advance in the region and beyond.

Organised by DIFC, the leading international financial hub in the (MEASA) region, the Summit will bring together 5,000 global FinTech and technology experts to discuss innovations and challenges in the sector, as well as spotlight all things impacting the future of finance – from Web 3.0, Metaverse and Blockchain to decentralised finance,
regulation and policymaking, and the greater need for increased financial inclusivity.

Visitors will also be able to meet more than 100 FinTech exhibitors and join a series of panels and fireside chats. The Dubai FinTech Summit will take place at Madinat Jumeirah in Dubai.

The event will host esteemed local voices such as Abdullah Bin Touq Al Marri, UAE Minister of Economy and Essa Kazim, Governor of DIFC. The impressive roster of speakers at the summit include Bill Winters, Group CEO of Standard Chartered; Brad Garlinghouse, CEO of Ripple; Melissa Guzy, co-founder and managing partner of Arbor Ventures; and Michael Shaulov, CEO of Fireblocks; among others.

Currently home to 60 per cent of all FinTech companies based in the GCC, Dubai and DIFC is being recognised as a global centre for innovation, with its unique ecosystem and comprehensive approach to business, driving not only the future of finance but increasingly the future economy. As per MAGNITT, FinTech start-ups in MENA recorded a 183 per cent year-over-year growth in funding in 2021.

Highlighting the impact of the growing FinTech sector in the region, Mohammad Alblooshi, Head of DIFC Innovation Hub and FinTech Hive said: “The demand for FinTech services has grown significantly in the last few years, powered by digital technologies and innovation across sectors. In recent years, DIFC has successfully cemented its position as the finance and innovation hub in the MEASA region by offering the most comprehensive FinTech and venture capital environments. In line with its vision to drive the future of finance, DIFC has created lucrative opportunities for start-ups, global players, and unicorns to set up base in the Emirate.

“I’m confident that the Dubai FinTech Summit, organised by DIFC, will soon become the premier platform allowing us to capture the industry’s attention and fulfil our vision of making Dubai a new home for the future of FinTech and finance,” he said.

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Sharjah real estate boom: Dh25 billion waterfront project set to transform city

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Sharjah’s property market is witnessing a major transformation with the launch of the massive Ajmal Makan City – Sharjah Waterfront project in Al Hamriyah. The Dh25 billion coastal development spans over 60 million square feet, offering a mix of residential, commercial, and tourism attractions.

According to Sultan Al Shakrah, CEO of Ajmal Makan Real Estate Development, the project will house more than 60,000 residents across eight islands, blending modern urban living with eco-friendly designs. He emphasized that the development will significantly boost Sharjah’s real estate sector, generating thousands of jobs across industries like infrastructure, retail, hospitality, healthcare, and education.

A Hotspot for Investors

This freehold mega-project has already attracted strong interest from local and international investors, playing a crucial role in Sharjah’s economic diversification. As part of its expansion, Ajmal Makan Real Estate Development has launched three new projects:

  • Al Thuraya Island
  • The View Island
  • Blue Beach Residence

Meanwhile, Sun Island’s first two phases have been completed, and the Blue Bay Walk project—developed in three phases — has seen its first phase finished, with the remaining two ahead of schedule.

A City Within a City

Ajmal Makan City isn’t just a real estate project; it’s a fully integrated urban destination. It will feature:

  • 1,500 luxury villas and mid-rise buildings
  • Hotels, retail spaces, and entertainment hubs
  • A university and several schools
  • A massive theme park
  • A 3-million-square-foot shopping mall
  • A marina with 800 yacht berths
  • Waterfront restaurants, cafes, and leisure spots

In addition, 60% of the project is dedicated to green spaces, beaches, and public areas, aligning with Sharjah’s sustainability vision.

With its stunning waterfront setting, modern infrastructure, and eco-friendly design, Ajmal Makan City – Sharjah Waterfront is set to become one of the region’s most sought-after destinations for residents, tourists, and investors alike.

(Source: Wam)

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Education

‘Not in our schools’: UAE group announces tough new rules on vaping 

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The UAE’s largest school network, GEMS Education, is taking a stand — launching a zero-tolerance crackdown on vaping in a bid to stamp out the habit before it takes hold.

From random bag checks to high-tech vaping detectors, GEMS schools are rolling out tough new measures to stop students from picking up the habit. 

Sensors in Schools

The battle against vaping is being fought with hi-tech gadgets. GEMS is installing state-of-the-art vaping sensors in key areas, including toilets and corridors — places where students are most likely to try and get away with it.

These sensors can:

  • Instantly detect vapour and alert staff in real time
  • Differentiate between vaping and other airborne particles
  • Pick up distress words like “help”, alerting teachers to potential safeguarding concerns. The new GEMS School of Research and Innovation, set to open in August 2025, will feature these sensors from day one — marking a new era in school safety.

Big Health Threat

Lisa Crausby OBE, Group Chief Education Officer at GEMS Education, has made it clear: this is a zero-tolerance policy.

“Vaping is one of the biggest health threats facing young people today. We refuse to stand by and let this dangerous trend take hold in our schools.”

Students caught vaping will face serious consequences. But instead of just punishment, GEMS is offering support — those found with vapes will attend counselling sessions to help them quit.

A Lesson for Life

GEMS wants to change the way students think about vaping altogether. That’s why anti-vaping education is now being built into the curriculum.

Teachers will work closely with health professionals to make sure students get the facts — how vaping affects their lungs, how nicotine hooks them in, and why so many people regret ever picking up a vape.

Parents are being brought into the conversation too. With awareness programmes and community discussions, GEMS is making sure the fight against vaping goes beyond the school gates.

A Bold Move

GEMS is making it clear: there’s nothing harmless about addiction. By combining strict enforcement, cutting-edge technology, and education, the school network is protecting young people from the dangers of vaping.

(Source: GN)

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Business

Dubai opens doors for free zone businesses to expand into mainland

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Dubai has introduced a new rule allowing Free Zone businesses to operate in mainland Dubai, making it easier for companies to grow and expand. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, issued Executive Council Resolution No. (11) of 2025 to regulate Free Zone businesses working outside their zones.

This decision is part of the Dubai Economic Agenda (D33), which aims to double the city’s economy by 2033 and establish Dubai as one of the world’s top three economic cities.

What This Means for Businesses

Under the new rule, any business licensed in a Free Zone can now operate in mainland Dubai, but they must get the proper licences or permits from the Dubai Department of Economy and Tourism (DET). This move is designed to:

  • Boost investment and job creation
  • Help Free Zone businesses expand easily
  • Attract more global businesses to Dubai
  • Strengthen Dubai’s position as a business hub

How Businesses Can Apply

Free Zone companies can now apply for:

  • A branch licence in mainland Dubai
  • A branch license with headquarters in a Free Zone
  • A permit for specific activities

These licences are valid for one year and can be renewed. The DET will also issue a list of economic activities Free Zone businesses can engage in within six months.

Rules & Compliance

To operate in mainland Dubai, businesses must:

  • Follow all local and federal laws
  • Keep separate financial records for mainland and Free Zone operations
  • Get additional approvals if expanding outside Dubai

The DET will also conduct regular inspections to ensure businesses follow the rules. Companies already working outside Free Zones have one year to comply, with a possible one-year extension.

Why This Matters

This game-changing move makes it easier for businesses to grow in Dubai, attracting more investors and entrepreneurs. It also reinforces Dubai’s commitment to innovation, economic growth, and making business easier.

(Source: Wam)

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