News

Fintech world’s best minds converge at inaugural Dubai Summit

Published

3 years ago

May 6, 2023

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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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Use the code DFS23HL

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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.

Related Topics:DFS DIFC Dubai Featured Fintech Madinat Jumeirah summit

Staff Reporter

Health

UAE to India travellers face new mandatory health declaration

Published

5 hours ago

June 30, 2026

Michael Gomes

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If you’re travelling from the UAE to India, there’s a new travel requirement you shouldn’t miss.

India has introduced Air Suvidha 2.0, a mandatory online health declaration system for all international arrivals. The form must be completed within 24 hours before your flight and is required before passengers are allowed to board.

The new system was introduced by India’s civil aviation authorities as a precautionary measure in response to the ongoing Ebola outbreak.

What is Air Suvidha 2.0?

Air Suvidha 2.0 is an online self-declaration portal where travellers must provide their recent travel and health information before flying to India.

Passengers will be asked to submit details including:

Their travel history over the past 21 days
Any possible exposure to infectious diseases
Whether they are experiencing any related symptoms

Once the form is submitted, it is automatically shared with the Airport Health Organisation (APHO) under India’s Ministry of Health and Family Welfare.

Is the form mandatory?

Yes. All international passengers travelling to India are required to complete the Air Suvidha Self Declaration Form before boarding their flight.

Airlines may ask passengers to show proof that the form has been submitted before allowing them to travel.

Do you need a printed copy?

No. After submitting the form, travellers will receive a confirmation by email, which can simply be shown on a mobile phone upon arrival in India. There’s no need to carry a printed copy.

Completing the form in advance also helps speed up the arrival process by reducing paperwork at the airport.

Announcements

Good news for businesses: Sharjah slashes fees and fines

Published

6 hours ago

June 30, 2026

Michael Gomes

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Businesses in Sharjah can now benefit from a range of temporary fee reductions after Sharjah Police unveiled a new package of incentives aimed at easing costs and supporting the emirate’s business community.

The measures, introduced in line with a decision by the Sharjah Executive Council, include 50% discounts on several security-related fees, along with reduced fines and lower training costs for companies.

What discounts are available?

Under the new initiative, eligible businesses will receive:

50% off security permit renewal fees for commercial activities
50% off security system subscription fees
50% reduction on eligible violations and fines
20% off mandatory training programme fees for companies

Sharjah Police said the initiative is designed to support commercial establishments, encourage business sustainability and further strengthen the emirate’s position as an attractive destination for investment.

How long will the discounts last?

The incentives will be available for three months from the date the decision comes into effect.

Businesses seeking more information about the discounts and eligibility can contact the Sharjah Police Call Centre on 901.

India

Waiting for Indian passport services in the UAE? Here’s the latest update

Published

7 hours ago

June 30, 2026

Michael Gomes

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Indian nationals in the UAE will have to wait a little longer for regular passport, visa and attestation services to resume.

The Embassy of India in Abu Dhabi and the Consulate General of India in Dubai have announced that they will continue offering only emergency consular services until July 1, extending the temporary suspension of routine services by an additional day.

In a post on the missions’ official X account, the embassy said emergency requests for passports, visas, attestation and other consular services will continue to be processed during the transition period.

Why the delay?

The extension comes as the Indian missions complete the handover of outsourced passport, visa and attestation services to Alhind Tours and Travel LLC, which is set to begin operations in the UAE from July 1.

Under the transition plan, previous service providers BLS International and SGIVS Global stopped accepting new applications after June 25, while regular appointments were suspended from June 26.

The missions said the extension is due to administrative reasons.

Need urgent assistance?

Applicants with emergency requirements can contact the Indian missions through:

Toll-free: 800 46342 (800 INDIA)
WhatsApp: +971 54 309 0571
Email: pbsk.dubai@mea.gov.in

The embassy said details about the resumption of normal services from July 2 onwards will be announced separately and advised applicants to follow its official social media channels for updates.