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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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UAE declares June 15 public holiday for Islamic New Year

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The UAE has officially declared Monday, June 15, 2026, a public holiday for both public and private sector employees to mark the Islamic New Year 1448.

The announcement was made by the Federal Authority for Government Human Resources and the Ministry of Human Resources and Emiratisation, confirming a paid day off for workers across the country.

Normal working hours will resume on Tuesday, June 16.

As the holiday falls on a Monday, most employees who enjoy a Saturday-Sunday weekend will benefit from a three-day break.

For government employees in Sharjah, the holiday will create an even longer weekend. With the emirate’s four-day workweek already providing Fridays, Saturdays and Sundays off, the additional Monday holiday means a four-day break.

The Islamic New Year, also known as the Hijri New Year, marks the beginning of a new year in the Islamic lunar calendar. It falls on the first day of Muharram, the opening month of the Hijri calendar, and is traditionally confirmed through official moon-sighting procedures.

The occasion is one of the UAE’s official public holidays and is observed by both government entities and private sector companies.

The announcement comes shortly after residents enjoyed the longest holiday period of the year during Eid Al Adha.

Earlier this month, government employees benefited from an extended nine-day break, while many private sector workers received up to six days off.

With June 15 now confirmed as a public holiday, UAE residents have another long weekend to look forward to before the summer holiday season gets underway.

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Education

Dubai schools to receive surprise KHDA inspections§

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Dubai’s private schools will face short-notice inspections from the 2026-27 academic year under a revamped quality assurance framework announced by the Knowledge and Human Development Authority (KHDA).

Under the new approach, schools will receive no more than 24 hours’ notice before inspectors arrive, marking a significant shift in how education quality is monitored across the emirate.

KHDA said the updated system will include two types of visits. Full inspections will be carried out by teams of specialist education experts, while shorter monitoring visits will focus on specific areas of school performance and quality assurance.

Return of formal inspection

The move signals the return of formal inspection activity after KHDA paused inspections during the 2025-26 academic year. At the time, the authority said the break would allow for greater collaboration with schools and a review of how educational quality is assessed and supported.

The new model aims to provide a more responsive and differentiated approach to evaluating schools, with visits designed to offer a clearer picture of day-to-day operations and educational standards.

Dubai’s private school sector serves hundreds of thousands of students across a wide range of international curricula, making quality assurance a key part of maintaining educational standards and supporting continuous improvement.

Further details on how the inspection and monitoring framework will operate are expected ahead of the 2026-27 academic year.

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Health

Dubai plans faster medical visas under new health tourism plan

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Patients travelling to Dubai for medical treatment could soon enjoy a faster and more seamless experience under a new partnership between the General Directorate of Identity and Foreigners Affairs (GDRFA Dubai) and the Dubai Health Authority (DHA).

The two entities have signed an agreement aimed at streamlining medical visa procedures and improving the patient journey from arrival to recovery.

Under the partnership, healthcare and residency services will be more closely integrated, making it easier for international patients to access treatment in Dubai. The initiative will also strengthen coordination between visa processing, healthcare providers and insurance systems.

A key focus is on enhancing digital integration between the two organisations, allowing medical visa applications to be processed more efficiently through the Dubai Health Experience network.

Officials said the collaboration could pave the way for future innovations, including a smart medical visa and proactive digital services designed to support patients throughout their treatment journey.

Lieutenant General Mohammed Ahmed Al Marri, Director General of GDRFA Dubai, said the partnership reflects Dubai’s vision of creating connected government services that put people first.

Meanwhile, Dr Alawi Sheikh Ali, Director General of the DHA, said health tourism is about more than medical care, adding that accessibility, convenience and quality of service are equally important parts of the patient experience.

The initiative supports Dubai’s broader ambitions to strengthen its position as a global healthcare and medical tourism destination while delivering faster, smarter and more integrated services for visitors seeking treatment in the emirate.

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