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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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From Machboos to Gahwa: Etihad Rail serves up a taste of traditional Emirati cuisine

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A journey on Etihad Rail’s Abu Dhabi–Fujairah passenger service is getting a distinctly Emirati flavour.

Passengers travelling between the two emirates can now enjoy an onboard menu inspired by the UAE’s culinary traditions, with dishes and drinks designed to bring local flavours into the modern rail experience.

The menu, created by Capital Catering, the food and beverage arm of ADNEC Group, was developed around the concept A Journey Through the Emirates.

The idea is simple: as passengers travel through the UAE, they can experience some of the country’s flavours and hospitality along the way.

What’s on the Etihad Rail menu?

The menu uses ingredients closely associated with Emirati cuisine and hospitality, including dates, saffron, cardamom, local honey and Arabic coffee.One of the standout dishes is a contemporary interpretation of machboos, a traditional rice dish.

The Etihad Rail version features slow-braised short rib served with fragrant Emirati-spiced rice, combining familiar flavours with a more modern presentation.

The menu has been designed to cater to different journey times, with options available for breakfast, lunch, dinner and snacks.

Passengers travelling in both Comfort and Premium classes have access to specially curated selections.

There’s a menu for younger passengers too

Families travelling by rail haven’t been overlooked.

Etihad Rail has introduced a dedicated children’s menu, designed to make the onboard dining experience more accessible for younger passengers.

The offering forms part of the railway’s wider effort to create a comfortable and welcoming experience for families and travellers of different ages.

Passengers get a taste of Emirati hospitality

For a limited period marking the launch of passenger services, travellers are also being welcomed with a complimentary Ghaf Juice Shot.

The drink takes its inspiration from the UAE’s national tree, the Ghaf.

Passengers can also enjoy locally inspired chocolates in flavours including:

  • Seven spices
  • Date and caramel
  • Gahwa and cardamom

Traditional Arabic coffee is also available onboard, alongside fresh juices, specialty coffees and premium teas.

Together, the selection gives passengers more than a conventional train meal — it introduces elements of Emirati hospitality during the journey itself.

Who created the Etihad Rail menu?

The menu was developed by award-winning chef Maitha Warshaw, a UAE culinary talent known for presenting Emirati flavours through contemporary techniques.

Warshaw has represented the UAE internationally, including serving as Executive Chef of the UAE Pavilion at Expo 2025 Osaka.

Her approach focuses on taking familiar elements of Emirati cuisine and presenting them in ways that appeal to modern diners while retaining their cultural identity.

More than just a train journey

For Etihad Rail, the food offering is intended to become part of the overall passenger experience rather than simply an onboard service.

The railway says the journey is an opportunity for passengers to experience different aspects of the UAE, from the landscapes outside their windows to the country’s food, traditions and hospitality.

That means travellers on the Abu Dhabi–Fujairah route can experience a modern form of transport while also getting a culinary introduction to the country.

For passengers, the new menu adds another layer to the Etihad Rail experience, offering a taste of Emirati culture while the train carries them across the UAE.

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Perseids meteor shower in UAE tonight: Best spots to watch as heat hits 45°C

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UAE residents looking for something to do after sunset can turn their eyes to the sky tonight as the Perseids meteor shower makes an appearance.

For the best chance of seeing the celestial display, darker locations away from the bright lights of the cities could be worth the drive. The UAE’s mountainous areas, including Jebel Jais and Jebel Hafeet, are among the cooler options for spending an evening outdoors.

The meteor shower arrives as the country experiences another hot summer day, with temperatures expected to reach 45°C in Dubai, Abu Dhabi and Umm Al Quwain.

Where can you watch the shower in the UAE?

The UAE’s mountainous regions can offer more favourable conditions for stargazing because they are farther from urban light pollution.

Jebel Jais in Ras Al Khaimah and Jebel Hafeet in Al Ain are two popular options for those looking to escape the city lights and watch the night sky.

The National Centre of Meteorology (NCM) expects temperatures in mountainous areas to remain comparatively lower, at around 32°C to 38°C.

If you’re planning to watch from a remote location, choose an established and safe viewing area, and check conditions before setting out.

Chances of rain in the east

While the skies may be the main attraction tonight, the weather earlier in the day could be less predictable in parts of eastern UAE.

The NCM forecasts fair to partly cloudy conditions, with the possibility of convective clouds developing over eastern areas during the afternoon.

That could bring rainfall to places such as Fujairah, Kalba and Khor Fakkan.

Sea conditions remain slight

The NCM expects slight sea conditions in both the Arabian Gulf and the Sea of Oman.

Anyone planning marine activities should check the latest official forecast before heading out.

So while the UAE remains firmly in summer mode, tonight offers residents a chance to swap city lights for the night sky and look out for the Perseids.

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Dubai announces official holiday on August 28: Who gets the day off?

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Public sector employees in Dubai will get a day off on Friday, August 28, as the emirate marks the birthday of the Prophet Mohammed (PBUH).

The holiday has been announced for authorities, departments and institutions operating under the Dubai Government.

Normal work will resume on Monday, August 31, giving government employees a three-day weekend.

Who gets a holiday?

The holiday applies to employees working for entities affiliated with the Dubai Government.

However, it does not cover everyone working within government organisations.

Employees whose jobs require them to work on shifts, provide services directly to the public or operate essential public-service facilities may still be required to work during the holiday.

Individual government entities will decide the working arrangements for these employees based on their operational needs.

Essential services will continue

The Dubai Government Human Resources Department said arrangements will be made to ensure that public services continue normally during the holiday.

Employees whose roles are essential to maintaining government operations may therefore have different working schedules.

Their working hours will be determined by their respective government departments and authorities.

This approach allows the holiday to be observed while ensuring that critical services and facilities remain operational.

When do Dubai government offices reopen?

Government employees who are covered by the holiday will return to work on Monday, August 31. The Friday holiday, followed by the weekend, means eligible employees will have three consecutive days away from work before returning on Monday.

Why is August 28 a holiday?

The holiday marks the birthday of the Prophet Mohammed (PBUH), an occasion observed across the region.

The Dubai Government Human Resources Department also extended its congratulations to the UAE leadership, citizens and residents on the occasion, wishing the country continued security, prosperity and progress.

For Dubai government employees, the announcement means a three-day break at the end of August, while essential government services will continue operating according to individual departments’ requirements.

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