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Fintech world’s best minds converge at inaugural Dubai Summit

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Dubai is set to host the first-ever Dubai Fintech Summit on May 8 and 9 under the patronage of Sheikh Maktoum bin Mohammed Al Maktoum, First Deputy Ruler of Dubai, and Deputy Prime Minister and Minister of Finance of the UAE.

The event will take place at Madinat Jumeirah and will bring together over 5,000 global Fintech C-suite executives and technology experts to discuss the latest innovations and challenges in the sector.

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The Summit will feature a lineup of distinguished speakers from both local and international arenas. Notable speakers include Abdulla bin Touq Al Marri, UAE Minister of Economy, and chief executives Bill Winters, Brad Garlinghouse, Piyush Gupta, Jenny Johnson and Brian Armstrong from Standard Chartered, Ripple, DBS Bank Singapore, Franklin Templeton and Coinbase respectively, among others.

Mohammad AlBlooshi

Mohammad Alblooshi, head of organisers DIFC Innovation Hub and Fintech Hive, underscored the importance of the summit. “Nearly 60% of all Fintech companies in the GCC are currently based in the city. 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 promises to bring together the most prominent figures in the industry, with an agenda that will captivate and inspire audiences worldwide.”

The global Fintech sector is rapidly growing and is predicted to be valued at $305 billion globally by 2025, according to Research and Markets, an intelligence and market analysis firm.

In the Middle East, Africa and South Asia (MEASA) region, the industry is expected to double in value from $135.9 billion in 2021 to $266.9 billion in 2027, according to a 2022 report by DIFC Fintech Hive.

The DFS will offer a unique platform for startups, investors, and industry leaders to connect and capitalise on the growing Fintech market in the region and beyond. The DFS will feature a series of panel discussions, fireside chats, and over 100 Fintech exhibitors.

There are over 800 Fintech startups worth $15.5 billion in the MEASA region alone, according to data by dealroom.co. Dubai alone is home to over 20% of the world’s Fintech businesses, according to a report by Mordor Intelligence.

Mastercard’s 2022 Digital Payments Index report reveals that digital payments are gaining traction in the MENA region. More than 85% of respondents reported using at least one emerging payment method in the past 12 months, indicating a shift away from cash-based transactions. Among MENA countries, the UAE stands out as being ready to embrace a cashless society. According to the event’s co-host sponsor Visa, 52% of UAE consumers are already cashless or plan to be by 2024.

The DFS will offer attendees a platform to participate in discussions and exchange ideas on emerging trends, regulatory frameworks, and future possibilities.

The event will feature discussions on a range of topics, including ‘Building the Economies of the Future’, ‘Crypto and the Evolving Regulatory Framework’, ‘The World of Finance: Where are the Women?’, and ‘Building a Resilient and Sustainable Financial Sector in the Age of Disruption’. Participants will have the opportunity to gain valuable insights on these critical issues from industry leaders and experts.

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Don’t cross here: Abu Dhabi Police issue fresh warning

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Pedestrians in Abu Dhabi are being reminded to use designated bridges, tunnels and crossings to stay safe and help reduce road accidents, according to Abu Dhabi Police.

The advisory comes as part of GCC Traffic Week 2026, held under the theme “I Cross Safely,” which focuses on improving road safety awareness across the region.

Officials warned that crossing roads from undesignated areas remains a high-risk behaviour, putting both pedestrians and drivers in danger, especially on busy roads where vehicles may not be able to stop in time.

Pedestrian crossings in place

Authorities highlighted that the UAE’s road network includes well-equipped pedestrian bridges, tunnels and marked crossings, designed to ensure safe and smooth movement across major roads.

Shared responsibility

Police are urging residents and visitors alike to follow traffic rules and act responsibly, stressing that road safety depends on collective efforts from both pedestrians and motorists.

For residents, the message is simple: use the right crossing points to stay safe and avoid unnecessary risks.

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US issues advisory in UAE after security alerts

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The US Mission to the UAE has advised American expats in the country to remain alert following warnings of potential aerial threats.

The guidance comes after alerts issued by the UAE Ministry of Interior, with officials confirming that recent aerial threats were successfully intercepted.

A Level 3 Reconsider Travel advisory from the US Department of State remains in place, urging citizens to exercise increased caution while in the country.

Embassy operations continue with adjustments

The US Embassy Abu Dhabi and Consulate in Dubai remain open but are operating with reduced staffing under an ordered departure status, with non-essential personnel temporarily relocated.

Routine visa services are currently suspended, although emergency consular services remain available.

What US expats should know?

Authorities have encouraged citizens to stay informed through official channels and be prepared to follow safety instructions if needed, including temporary shelter-in-place measures.

Precautionary advice includes:

  • Staying away from windows during incidents
  • Keeping basic emergency supplies ready
  • Maintaining communication with family members

Officials say the situation is being closely monitored, with further updates expected as needed. UAE authorities have emphasised that response systems are active and effective, with safety remaining a top priority.

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Pakistan restores passport services in UAE after 8-day disruption

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Passport services at Pakistani missions in the UAE have resumed, bringing relief to thousands of expats affected by a recent outage.

The Consulate General of Pakistan and Embassy of Pakistan confirmed that passport services are now fully operational as of Tuesday, May 5.

The disruption, which lasted around eight days, was caused by a technical fault at the Directorate General of Immigration and Passports (DGI & P) headquarters in Islamabad, leading to a temporary suspension of passport services at missions abroad from April 29.

What should applicants do now?

Officials have advised applicants to visit embassies and consulates during designated service hours to complete passport applications and renewals.

Wider impact across the Gulf

The outage affected Pakistani missions across multiple countries, including the United Arab Emirates, Saudi Arabia, Qatar, Bahrain, Oman and Kuwait, leaving many unable to process documents during the disruption.

Pakistanis expats can now move forward, easing pressure for those needing urgent travel or documentation.

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