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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.

Entertainment

Salman Khan’s ‘Nepotism’ Joke Steals the Show at Nephew Ayaan’s Song Launch in Dubai

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Salman Khan has never been one to hold back, and at a recent event in Dubai, he added his signature dose of humour to the oft-debated topic of nepotism in Bollywood. The superstar, fondly known as Sallubhai, was in town to launch his nephew Ayaan Agnihotri’s debut song, “Universal Laws”, and in true Salman style, he had the audience in splits with his witty remark.

As Dubai’s DJ Bliss – who hosted the event – praised the Khan family for their unwavering support for Ayaan, Salman quipped, “That’s what nepotism is!” His playful jab left everyone in the room in splits.

And as the crowd cheered, Salman officially launched the song, marking Ayaan’s much-anticipated entry into the music world.

A Star-Studded Affair

The event turned into a Bollywood reunion, with stars like Arbaaz Khan, Sohail Khan, Neha Dhupia, Angad Bedi, and other celebrities coming together to celebrate Ayaan’s big moment.

During his speech, Salman highlighted that Ayaan, the son of Atul Agnihotri and Alvira Khan Agnihotri (Salman’s sister), hails from a family of seasoned film producers. He also mentioned that Ayaan’s cousin, Alizeh Agnihotri, who recently made her Bollywood debut, shares the same film-driven lineage.

Ayaan and Salman’s Previous Collaboration

This isn’t the first time the uncle-nephew duo has joined forces. Salman and Ayaan previously worked together on the track, “You Are Mine”, where the young artist showcased his rap skills alongside the Bollywood megastar. The song, composed by Vishal Mishra, became a talking point among fans.

Salman & Sanjay Dutt Spotted in Saudi Arabia

Meanwhile, Salman is keeping busy with multiple projects. A recent video circulating on social media showed him and actor Sanjay Dutt filming on the streets of Saudi Arabia. The clip, shared by an X user, captured the two actors casually chatting with crew members.

The buzz is that Salman and Sanjay are working on a cameo appearance in the Bollywood remake of the 2021 Argentine film Seven Dogs. While details remain under wraps, fans are excited to see the duo share screen space again.

From family celebrations in Dubai to shooting in Saudi Arabia, Salman Khan is proving yet again that his star power knows no boundaries.

(Inputs from Hindustan Times, Zee News)

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India

Dubai-bound plane makes emergency landing after smoke alert

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A Biman Bangladesh Airlines flight from Dhaka to Dubai made an emergency landing at Nagpur’s Dr Babasaheb Ambedkar International Airport in India after the pilot received a smoke alert from the aircraft’s hold. Officials later confirmed that no fire was found.

Flight BG 347, carrying 396 passengers and 12 crew members, was diverted to Nagpur on Thursday night as a precaution. The pilot, alerted by a fire alarm, immediately informed the Airport Operations Control Centre (AOCC) and the System Operations Command Centre (SOCC). A full emergency was declared, and the flight landed safely at 10.45 pm.

The aircraft was moved to an isolation bay, where all passengers and crew were safely evacuated. Fire safety teams from the Maharashtra Airport Development Company (MADC) and Nagpur Municipal Corporation (NMC) were deployed as per protocol. A thorough inspection of the aircraft and its cargo hold was conducted, but no signs of fire or smoke were detected.

“We deployed a team of firefighters as soon as we received the alert. Following safety protocols, necessary precautions were taken, but no fire was reported,” said Bhimrao Chandankhede, Chief Fire Officer.

To minimise disruption, Biman Bangladesh Airlines arranged an alternative flight for the passengers, ensuring they could continue their journey to Dubai later that evening.

Authorities are investigating the cause of the smoke alert as part of standard safety procedures.

(Inputs from The Indian Express)

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Business

UAE’s high-tech Dh500 note wins ‘Best Banknote’ award for 2025

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The UAE has once again set a new standard in currency innovation. The Central Bank of the UAE (CBUAE) has won the Best New Banknote Issue for 2025 for its Dh500 note, securing the top spot in the Europe, Middle East, and Africa region.

The award was announced during the High Security Printing EMEA conference in Basel, Switzerland, held in early February 2025.

A Design Rooted in Sustainability and Innovation

This newly recognised Dh500 Dirham is more than just currency—it’s a reflection of the UAE’s commitment to sustainability and cutting-edge technology in banking. Crafted from polymer, the note is not only more durable and longer-lasting than traditional paper notes but also fully recyclable, reducing environmental impact.

On the front side, the note showcases the Terra Sustainability Pavilion in Expo City Dubai, a symbol of the UAE’s vision for a greener future. The reverse side features the Museum of the Future, along with iconic landmarks like Emirates Towers and Burj Khalifa, emphasising the UAE’s balance between heritage and progress.

Security Features & Inclusivity

With state-of-the-art security features, including 3D designs and the region’s largest surface-applied foil stripe, the banknote is among the most secure in the world. It also incorporates Braille symbols to ensure accessibility for visually impaired individuals.

Banknotes accessible to all

Speaking about the win, Saif Humaid Al Dhaheri, Assistant Governor of Banking Operations & Support Services at CBUAE, said: “Winning this award is a testament to our dedication to sustainability and innovation. We are proud to lead the region in introducing banknotes with advanced security features and materials that minimise environmental impact. Additionally, our commitment to inclusivity ensures that our banknotes are accessible to everyone, with Braille symbols aiding visually impaired users.”

With this award, the UAE continues to strengthen its position as a global leader in financial innovation and sustainability — one banknote at a time.

(Inputs from WAM)

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