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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.

Education

Dubai Police Academy launches one-year master’s in cybersecurity

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Dubai Police Academy has unveiled a new master’s degree in cybersecurity, the first of its kind among police colleges in the Arab world. The one-year programme, which begins in December 2025, comes with tuition fees of Dh60,000 and is open to both UAE citizens and residents.

Dr Ebtsam Al Awadhi, Director of Graduate Studies at the academy, said the degree will cover four key areas: policies and management, digital forensics, digital infrastructure and security, and scientific research and publishing. Unlike traditional police academic programmes that usually take two to three years, this one is designed to be completed in a single year, requiring 30 credit hours across three semesters and a summer term.

Eligibility/Admission
Applicants must hold a bachelor’s degree in law, security sciences or a related field from a university recognised by the UAE Ministry of Higher Education, with a minimum GPA of 3.0. At least five years of professional experience in cybersecurity is required, alongside English proficiency (IELTS 5.5, TOEFL CBT 5.5, TOEFL IBT 550, or equivalent). Candidates must also pass an academic exam and a personal interview.

Industry-driven approach
Dr Saeed Al Rashdi, a cybersecurity expert, said the programme has been designed in line with market needs. “Practical training will take the largest share, supported by theoretical study, and industry specialists will deliver the teaching,” he explained.

Cybercrime expertise
Dubai Police has been at the forefront of tackling digital crime, with its Criminal Data Analysis Centre working alongside the CID to use AI and advanced systems for detecting criminal hotspots and predicting cyber threats. The force has successfully disrupted high-value cyber fraud operations, including tracking a gang behind a multi-billion-dirham scam.

Graduates of the new programme will be well-placed to support such missions, with strong prospects for roles in the cybersecurity sector, and potentially within Dubai Police’s own cybercrime units.

Registration is now open on the Dubai Police Academy website, with the first intake expected to include 15–20 students.

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Dubai Ruler renames Mohammed Bin Rashid Al Maktoum Charitable Establishment

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In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has issued a new decree to rename the Mohammed Bin Rashid Al Maktoum Charity and Humanitarian Establishment.

The organisation will now be officially known as the Mohammed Bin Rashid Al Maktoum Charitable Establishment.

The foundation, first established in 1997, continues to run humanitarian and charitable initiatives in the UAE and abroad. Its work includes supporting education, health, culture, social welfare, religion, and relief efforts for communities affected by crises and disasters.

It also provides financial aid to families in need, supports patients with medical treatment, and offers assistance to students and educators.

The Establishment will remain under the supervision of Dubai’s Islamic Affairs and Charitable Activities Department and the Community Development Authority, ensuring compliance with local laws regulating charities and fundraising.

The decree took effect upon its publication in the Official Gazette.

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Dubai warns engineering firms over costly villa designs

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Dubai Municipality has issued warnings to several engineering consultancy offices after finding that they exaggerated structural designs for citizens’ villas.

According to officials, these inflated designs went against the Dubai Building Code and led to unnecessary construction costs for property owners, without any real engineering need.

The move is part of the Municipality’s efforts to regulate Dubai’s construction sector and protect residents from extra financial burdens. Consultancy offices across the emirate had already been reminded through circulars to strictly follow approved engineering standards.

Eng. Maryam Al Muhairi, CEO of the Buildings Regulation and Permits Agency, said:

“Compliance with the Dubai Building Code is not only a legal requirement but also a professional and ethical responsibility. The goal is to ensure safe, high-quality construction without forcing citizens to pay more than necessary.”

She added that Dubai Municipality will continue to monitor consultancy offices and contractors to prevent excessive use of building materials, including steel, and ensure construction remains efficient, safe, and cost-effective.

Repeat offenders could face disciplinary measures, including poor annual evaluations or even suspension. Earlier this year, two consultancy offices were banned from licensing new projects for six months due to violations.

By cracking down on such practices, Dubai Municipality says it aims to strengthen the emirate’s construction sector, cut waste, and support sustainable urban growth.

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