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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 wants residents to cut down on single-use products: Here’s how you can help

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Sharjah has launched a new sustainability campaign encouraging residents to swap single-use products for reusable alternatives as part of its efforts to create a cleaner and greener emirate.

Called ‘Sharjah Deserves the Best’, the initiative will run until December 31 to help individuals, families and businesses adopt environmentally friendly habits in their everyday lives.

Here’s everything you need to know.

What is it all about?

The campaign focuses on reducing waste by encouraging people to replace disposable items with reusable alternatives.

It is part of Sharjah’s wider sustainability strategy and supports the UAE’s environmental goals by promoting responsible consumption and protecting natural resources.

How can residents help?

The campaign encourages simple everyday actions such as:

  • Carrying reusable shopping bags.
  • Using refillable water bottles.
  • Choosing reusable coffee cups.
  • Avoiding disposable cutlery and straws.
  • Using reusable food containers instead of single-use packaging.
  • Reducing unnecessary waste at home and work.

The idea is that small lifestyle changes, when adopted by many people, can have a significant environmental impact.

How will the campaign reach people?

Throughout the year, residents can expect to see:

  • Awareness campaigns on TV, radio and social media.
  • Educational programmes in schools and communities.
  • Interactive exhibitions and workshops.
  • Community events promoting sustainable living.
  • Distribution of reusable shopping bags at shopping centres.

The campaign is designed to engage people of all ages and make sustainable choices easier to understand and adopt.

Why is Sharjah focusing on single-use products?

Disposable products are one of the biggest contributors to household waste and environmental pollution.

Replacing them with reusable alternatives can help:

  • Reduce landfill waste.
  • Cut plastic pollution.
  • Conserve natural resources.
  • Lower carbon emissions linked to manufacturing disposable products.
  • Encourage more sustainable consumption habits.

Across the UAE, authorities have introduced measures to phase out many disposable products while encouraging businesses and consumers to adopt more sustainable alternatives.

Sharjah’s initiative complements these efforts by focusing on public awareness and long-term behavioural change.

The campaign highlights that sustainability doesn’t always require major lifestyle changes. Simple actions, such as bringing your own shopping bag or reusable water bottle, can collectively reduce waste and help protect the environment.

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You can now pay for parking at Dubai Harbour using Salik account

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Paying for parking in Dubai just became easier.

Motorists using the new Harbour West Car Park at Dubai Harbour can now pay parking charges directly through their Salik account, eliminating the need for paper tickets, cash or payment machines.

The new service, launched through a partnership between Salik and Shamal in collaboration with Parkonic, came into effect on July 13.

Here’s what drivers need to know.

How does the new Salik parking system work?

The system uses automatic number plate recognition (ANPR) technology to identify your vehicle when you enter and exit the car park.

Instead of taking a ticket or paying before leaving, the parking fee is automatically charged to your linked Salik account.

The process is completely contactless and requires no manual payment.

Where can you use it?

The service is currently available at the new Harbour West Car Park in Dubai Harbour.

The nine-storey facility offers:

  • 845 parking spaces
  • Rooftop parking
  • Easy access to Dubai Harbour attractions

Who will benefit?

The car park is expected to serve visitors travelling to:

  • Dubai Harbour
  • Dubai Marina
  • Marina Walk
  • Jumeirah Beach Residence (JBR)
  • Dubai Media City
  • Dubai Internet City

The location is designed to accommodate both residents and tourists visiting one of Dubai’s busiest waterfront districts.

What are the benefits for drivers?

Using Salik for parking offers several advantages:

  • No paper parking tickets.
  • No cash payments.
  • No waiting at payment machines.
  • Faster entry and exit.
  • Automatic payment through your Salik account.
  • A smoother parking experience.

The system also helps reduce queues and improves traffic flow within the parking facility.

Is Salik becoming more than a toll system?

Yes.

While Salik is best known for collecting road tolls across Dubai, the company is gradually expanding into a broader digital mobility platform.

The addition of parking payments is part of Salik’s strategy to offer integrated transport and payment services beyond toll gates.

The partnership supports Dubai’s ambition to become one of the world’s smartest cities by making everyday transport services more seamless and digital.

For drivers, it means fewer payment steps, quicker exits from parking facilities and a more convenient experience, whether commuting or visiting popular destinations around Dubai Harbour.

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Dubai’s Palm Monorail back in service after 6-month shutdown

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The Palm Monorail has officially resumed operations after a six-month maintenance closure, once again providing residents and tourists with a quick and convenient way to travel across Palm Jumeirah.

The operator announced the reopening on social media, confirming that services are back on track following planned maintenance work that began in January.

The reopening restores an important transport link connecting some of Dubai’s most popular attractions, hotels and residential communities.

Route and stations

The elevated 5.5-kilometre monorail runs from Gateway Station at the entrance of Palm Jumeirah to Atlantis Aquaventure, with stops at several key destinations along the way.

Stations include:

  • Gateway Station
  • Palm Jumeirah Mall
  • Al Ittihad Park
  • Golden Mile Galleria
  • Atlantis Aquaventure

The journey provides easy access to shopping centres, beachfront resorts, entertainment venues and residential areas across the island.

Journey time

A complete trip from Gateway Station to Atlantis Aquaventure takes approximately nine minutes.

Travel time between individual stations is around three minutes, making it one of the fastest ways to get around Palm Jumeirah.

Ticket prices

Passengers can choose from several ticket options.

Current fares include:

  • Single journey: Dh10
  • Return ticket: Dh15

Family packages and unlimited travel passes are also available.

Tickets can be purchased online or through the Palm Monorail’s official booking channels.

Operating hours

The Palm Monorail operates daily with trains running every 15 minutes.

From Gateway Station:

  • First train: 9am
  • Last train: 9am

From Atlantis Aquaventure:

  • First train: 9:15am
  • Last train: 10am

With affordable fares, frequent departures and direct access to major attractions, the Palm Monorail service is expected to ease travel across one of Dubai’s most visited destinations.

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