Connect with us

News

Fintech world’s best minds converge at inaugural Dubai Summit

Published

on

Spread the love

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.

———————————————————————————————————————————-

As a reader of www.headline.ae, grab an exclusive 10% discount on tickets purchase.

Use the code DFS23HL

———————————————————————————————————————————-

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.

News

Etihad Rail offers 50% ticket discount: Abu Dhabi–Fujairah fares start at just Dh55

Published

on

Spread the love

Planning to ride the UAE’s first Etihad Rail passenger service? Now is the perfect time to book. Etihad Rail has unveiled a limited-time 50% launch discount on tickets for its new Abu Dhabi–Fujairah route, bringing fares down to as little as Dh55.

The passenger service officially begins on June 30, but travellers will need to act fast. Demand has been exceptionally high since bookings opened, with many seats on launch day already sold out or close to selling out. The introductory offer applies to both Comfort and Premium classes, giving passengers an affordable chance to be among the first to experience the UAE’s highly anticipated rail network.

Introductory prices

Passengers can choose between two travel classes, both currently available at discounted launch fares:

Comfort Class

  • Regular fare: Dh109
  • Launch fare: Dh55

Premium Class

  • Regular fare: Dh239
  • Launch fare: Dh120

Which ticket type should you choose?

Etihad Rail offers three ticket tiers designed to suit different travel needs and levels of flexibility.

Saver

Ideal for travellers with fixed plans.

  • Lowest-priced option
  • Changes and refunds are not permitted
  • Seat selection available for an additional fee
  • Complimentary seat allocation 24 hours before departure
  • Tickets cannot be transferred to another passenger

Value

Perfect if you need some flexibility.

  • Free seat selection included
  • Unlimited free changes up to 72 hours before departure
  • Changes made within 72 hours incur a Dh20 fee plus any fare difference
  • Non-refundable
  • Non-transferable

Flex option

The most flexible ticket option.

  • Complimentary seat selection
  • Unlimited free changes before departure and up to 30 minutes after scheduled departure
  • Full refund available when cancelled at least 24 hours before travel
  • Same-day cancellations incur a 30% cancellation fee
  • Transferable to another passenger before boarding

Travellers can upgrade from Saver to Value for an additional Dh10, or to Flex for Dh20.

How to book your ticket

Booking a journey is straightforward and can be completed online through the Etihad Rail website or mobile app.

Step 1: Choose the route

Select Abu Dhabi and Fujairah as your departure and arrival stations, then choose your preferred travel date. Tickets are currently available for journeys from June 30, 2026 onwards.

Step 2: Select the class

Choose between Comfort and Premium Class, then pick the ticket tier that best matches your travel plans.

Step 3: Add a return trip

If you’re planning a round trip, simply repeat the booking process for your return date.

Step 4: Enter passenger information

Provide your full name, email address and mobile number.

Step 5: Add optional services

Passengers can also book a connecting shuttle bus service for an additional Dh10.

Step 6: Complete payment

Pay securely using a credit card, debit card or mobile wallet. Once payment is confirmed, your digital ticket will be issued instantly. Physical ticket vending machines will also be available at stations.

Etihad Rail rollout timeline

The Abu Dhabi–Fujairah route marks the first phase of Etihad Rail’s passenger operations, with additional stations opening over the coming months.

June 30, 2026

Passenger services begin between Abu Dhabi and Fujairah.

September 30, 2026

Dubai Train Station and Al Dhaid Train Station officially open.

December 30, 2026

Stations in Al Dhafra become operational as the network expands further.

March 30, 2027

Sharjah Train Station opens, completing the planned passenger route network.

With launch fares starting from just Dh55 and travel times expected to transform journeys across the UAE, it’s no surprise tickets are already selling quickly. If you’re planning to be among the first passengers to experience Etihad Rail, booking sooner rather than later may be your best bet.

Continue Reading

Announcements

Dubai rolls out ‘Flexi Rents’ to support tenants with payment relief

Published

on

Spread the love

Dubai has launched a new initiative aimed at making housing more affordable by allowing tenants greater flexibility in how they pay their rent.

The programme, known as Flexi Rents, was announced by the Dubai Land Department (DLD) on Tuesday and will initially be rolled out through 12 participating real estate companies.

https://www.instagram.com/reels/DZ7K90SNEsl

Under the scheme, tenants will be offered a range of payment options, including monthly rent instalments, extended payment plans of up to 12 months, grace periods and revised payment schedules. In some cases, landlords may also waive rental increases.

Khalid Al Shaibani, Director of the Rental Affairs Section at the DLD, said the initiative was intended to improve housing stability and help residents manage rising living costs.

“The Affordable Rental Initiative reflects Dubai’s commitment to promoting housing stability and supporting residents through flexible and accessible rental solutions,” he said.

The programme will be available to both new and existing tenants. Residents currently paying rent through annual or multiple-cheque contracts can request revised payment arrangements from participating landlords and property management companies.

The DLD said some administrative fees associated with delayed cheque payments could also be waived. Tenants will be able to pay using a variety of methods, including credit cards, debit cards and cheques.

Officials said the initiative is expected to expand beyond the initial group of participating companies in the coming phases.

“This is only the beginning,” Mr Al Shaibani said, adding that further measures aimed at enhancing quality of life in Dubai would be announced in the months ahead.

According to DLD figures, nearly 1.2 million tenancy contracts, including new leases and renewals, were recorded in Dubai last year, underlining the scale of the emirate’s rental market.

Continue Reading

Announcements

Etihad Rail announces official launch date for passenger services

Published

on

Spread the love

The UAE’s national railway developer, Etihad Rail, has announced that the introductory operational phase of its long-awaited passenger rail service between Abu Dhabi and Fujairah will begin on 30 June, reducing travel time between the two emirates to just one hour and 45 minutes.

Passengers will be able to book tickets from 23 June through the Etihad Rail website and mobile application. Fares on the Abu Dhabi–Fujairah route will start from AED55 for Comfort Class and AED120 for Premium Class.

The passenger rail fleet comprises 13 trains, each capable of carrying up to 400 passengers.

The network’s expansion will continue in phases, with Dubai Train Station and Al Dhaid Train Station scheduled to open on 30 September. Stations in Al Dhafra will follow on 30 December, while the route will be fully completed with the opening of Sharjah Train Station on 30 March 2027.

The announcement came as the Mohamed bin Zayed City Passenger Train Station in Abu Dhabi was inaugurated by Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council.

During a tour of the station, Sheikh Khaled reviewed its facilities, operational readiness and infrastructure.

He said the passenger rail project reflects the UAE’s ambition to create a fully integrated transport network, improving connectivity between emirates while supporting economic growth, tourism and urban development.

Etihad Rail said studies would also be carried out to assess the feasibility of extending passenger rail services to additional emirates in the future.

The launch marks a significant milestone in the UAE’s transport infrastructure strategy, with the network designed to connect major population centres, economic hubs and tourist destinations across the country.

Continue Reading

Popular

© Copyright 2025 HEADLINE. All rights reserved

https://headline.ae/