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DIFC DRIVES INNOVATION THROUGH LANDMARK AGREEMENTS AT GLOBAL FINANCIAL FORUM 2019

Dubai International Financial Centre, the leading financial hub in the Middle East, Africa, and South Asia (MEASA) region, today hosted the second edition of the Global Financial Forum, attracting 700 leading figures from across the financial services industry to hear expert insight from some of the sector’s biggest names.

The Forum took place under the theme ‘Unlocking Growth in a Changing World’, and the incredible line-up of speakers included investment guru Mark Mobius, Sir Gerry Grimstone, the former Chairman of Barclays Bank, and Nicolas Cary, co-founder of Blockchain.

The Forum also witnessed the signing of a number of key agreements aimed at driving the future of finance, including an MoU with Dubai SME to help foster entrepreneurship in the UAE and further the National Innovation Agenda.

FinTech Hive at DIFC, the region’s first and biggest FinTech accelerator and hub, also announced MoUs with three new FinTech hubs – FinTech Saudi, Milan’s FinTech District and FinTech Istanbul. The agreements bring the size of FinTech Hive’s network of strategic partnerships to 14 FinTech hubs in various parts of the world.

FinTech was one of the hot topics at this year’s GFF, which focused on the opportunities presented by disruptive technology, demographic shifts, new trends and a greater focus on sustainability in MEASA. It offered a chance for investors, entrepreneurs and members of the business community to learn more on the potential of these fast-growing markets and the opportunities to thrive in this fast-changing sector. Nicolas Cary, Co-Founder and Vice Chairman of Blockchain, gave an address to open a session on ‘Tomorrow’s Innovation Today: Top 10 FinTech Predictions for 2019 and Beyond’.

The Forum was held the week following the DIFC’s 2018 Annual Review ,highlighting its achievements and operational results during what was a record-breaking year for DIFC. With more than 400 new companies registered and over 1,200 new jobs created in the Centre in the last year alone, the success of 2018 means that more than 23,000 professionals from more than 2,100 companies now call DIFC home.

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