UAE Launches First Digital Dirham Payment: a pivotal financial advancement.

In a groundbreaking development, the UAE marked the commencement of its inaugural cross-border payment through the use of the ‘Digital Dirham’ on Monday. This significant achievement aligns with a broader global initiative to embrace digital representations of national currencies issued by central banks worldwide. Below, we explore the implications for financial landscapes and the global economy.

“The surge in demand for cryptocurrencies has heightened interest in digital investments, leading to discussions about a new form of digital currency known as Central Bank Digital Currency (CBDC),” elucidated Brian Deshell, a cryptocurrency trader and analyst based in the UAE.

CBDCs vs. Cryptocurrencies

“While CBDCs share conceptual origins with cryptocurrencies, they differ significantly. The key distinction lies in centralization,” explained Brody Dunn, an investment manager at a UAE-based asset advisory firm.

“Cryptocurrencies operate on a decentralized model, devoid of central control. In contrast, CBDCs are centralized digital currencies, with the central bank of the issuing country exercising control over their value.”

By definition, CBDCs bear similarities to Stablecoins, which peg their value to fiat money but are privately issued, whereas CBDCs are issued by governments.

Global Adoption of CBDCs

Research indicates that 110 countries globally are either researching or developing CBDCs, with varying stages of progress. As of June 2023, 11 countries have already adopted CBDCs, 53 are in advanced planning stages, and 46 are actively researching the topic, according to Statista, an e-research platform.

In 2020, seven central banks, including those of the US, Europe, Japan, Switzerland, Canada, Sweden, and England, expressed their intention to assess the feasibility of publicly available CBDCs. The latest addition to countries issuing CBDCs is Jamaica.

Several nations, including China, Russia, South Africa, Uruguay, Barbados, Switzerland, Thailand, and Iran, are in the process of implementing CBDCs. The UAE joined this trend in 2022 by expressing interest in issuing a CBDC.

Understanding CBDCs becomes crucial for cryptocurrency investors as they have the potential to impact the crypto market.

Functionality of CBDCs

A Central Bank Digital Currency (CBDC) is essentially an electronic form of cash that can be exchanged similarly to traditional currency. Unlike most digital payments that involve multiple intermediaries, CBDCs operate more directly, resembling the exchange of physical cash.

“While most digital payments act as instructions for a bank to transfer ‘real’ money, CBDCs cut out intermediaries, resembling the direct transfer of cash between parties,” added Dunn.

Infrastructure for CBDCs

Brian Deshell further clarified that both cryptocurrencies and CBDCs rely on networked electronic resources for transaction creation, tracking, and validation. In the case of CBDCs, a central database controlled by the central bank issues the currency and assigns a unique serial number to each e-currency. Typically, central banks peg the electronic currency to their national currency, referred to as digital fiat currencies.

The Future Potential of CBDCs

According to analysts at PricewaterhouseCoopers (PwC), the future of money is likely to involve a combination of centralized, decentralized, account-based, and token-based systems. CBDCs, stablecoins, and cryptocurrencies may coexist with traditional digital and physical currencies. Deshell also sees potential in CBDCs, envisioning them as a transformative force in the financial world, offering efficiency, security, and transparency.

Publish January 30, 2024

Source: https://gulfnews.com/your-money/cryptocurrency/uae-initiates-first-ever-digital-dirham-payment-what-it-means-1.1706629783589

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UAE Golden Visa: 5 Paths to 10-Year Residency without Employment

Explore 5 pathways to secure a 10-year residency through the UAE Golden Visa without employment:

Dubai has recently revised the minimum down payment requirement for property buyers seeking eligibility for a long-term residency permit.

The highly coveted Golden Visa in the UAE has been granted to numerous investors, professionals, students, and entrepreneurs since its introduction in 2019.

As reported by the General Directorate of Residency and Foreigners Affairs (GDRFA) – Dubai, there has been a notable 52% increase in the issuance of Golden Visas in the first half of 2023. By November 2022, the emirate had successfully issued over 150,000 Golden Visas to qualified property buyers, investors, professionals, and others.

This 10-year visa provides several benefits, such as the issuance of residence permits for family members, including spouses and children. Notably, the age limit for sponsored children has been raised from 18 to 25 years, and there is no age restriction for unmarried daughters. Residence permits are extended to children of determination without regard to their age. Furthermore, there are no constraints on sponsoring domestic workers, and the Golden Residence remains valid without limitations on the maximum duration of stay outside the UAE.

Professionals in healthcare, media, IT, and other industries earning a monthly salary of Dh30,000 or more are eligible for the Golden Visa.

However, specific categories exist where individuals do not need employment to apply for a 10-year visa. Here are five such categories:

Property buyers:

Residents and foreign investors in the UAE purchasing one or more properties with a total value of Dh2 million and above can apply for the Golden Visa. This includes both off-plan and existing properties in the country.

In a significant announcement, Dubai has eliminated the Dh1 million down payment requirement for property buyers to be eligible for the 10-year visa. However, the total value of the property should still be Dh2 million and above to meet the eligibility criteria.

Cash deposit:

High-net-worth individuals can deposit Dh2 million with a local bank for a two-year period to qualify for this prestigious visa. Numerous local banks in the country are offering assistance to individuals opting for this scheme.

Entrepreneur:

he executive regulations have established flexible requirements for entrepreneurs seeking eligibility for the Golden Residency. Entrepreneurs must own or partner in a startup registered in the country in the small and medium enterprises (SMEs) category, generating annual revenues of not less than Dh1 million.

Additionally, if the individual is a founder or one of the founders of a prior entrepreneurial project(s) sold for a total value of not less than Dh7 million, they qualify for the Golden Residence. Approval from the Ministry of Economy or the competent local authorities is necessary for projects or ideas.

Scientist & researchers:

Golden Visa residency is conferred upon scientists and researchers with significant achievements and influence in their field, based on recommendations from the Emirates Scientists Council. Candidates must hold a PhD or Master’s Degree in disciplines such as engineering, technology, life sciences, and natural sciences from leading universities worldwide, along with substantial research accomplishments.

Outstanding students:

High-achieving students in UAE secondary schools and outstanding graduates from UAE universities and the top 100 universities worldwide may apply for the 10-year visa. Specific criteria include academic performance (cumulative average), the year of graduation, and university classification.

Publish January 29, 2024

Source: https://www.khaleejtimes.com/life-and-living/visa-and-immigration-in-uae/uae-golden-visa-5-ways-to-get-10-year-residency-without-a-job?_refresh=true

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Dubai’s $136M Initiative: Globalizing SMEs

Dubai Targets Global Talent with $136 Million Initiative to Attract Small and Medium-Sized Businesses

The Dubai International Growth Initiative for SMEs is anticipated to catalyze a wave of expansions and new product launches by existing SMEs and marketplaces, leveraging interest-free loans.

SMEs constitute a substantial 63.5 percent of the UAE’s non-oil GDP.

The Dubai government’s $136 million push to empower small businesses to globalize is poised to draw entrepreneurs and top talents worldwide for the establishment or expansion of businesses in the emirate, contributing to global endeavors. Experts and industry players affirm the inclusivity of the initiative as a strategic move to enhance Dubai’s cosmopolitan business landscape.

The initiative is also expected to trigger a surge in expansions and new product launches by existing small and medium businesses, capitalizing on interest-free loans to gear up for regional and global pursuits.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, launched the “Dubai International Growth Initiative,” allocating AED 500 million ($136.1 million) to accelerate the global expansion of small and medium-sized enterprises (SMEs) established in Dubai.

Several Dubai-based entrepreneurs laud the soft loan component of the initiative, foreseeing it as a significant boost for SMEs pursuing regional and global ambitions.

Leo Dovbenko, Co-Founder of YallaHub, emphasizes the potential for independent brands to enhance growth and development with interest-free loans for SMEs in the UAE. The initiative aligns with YallaHub’s goals, supporting Dubai’s small businesses in expanding globally.

Global gifting marketplace Flowwow anticipates the government’s proactive measures to bolster SME growth and local makers. With SMEs accounting for 63.5 percent of the country’s non-oil GDP, the initiative is considered a vital step toward fostering innovation, economic resilience, and helping Dubai-based SMEs expand globally.

Rada Russkikh, founder of Rada Russkikh and Gedonist Cosmetics brand, emphasizes the evolving landscape with increased state-level support for SMEs. Access to capital is crucial for growth and expansion, and the initiative is seen as a positive step in facilitating global business development.

Dr. Kiran Nair, Associate Professor of Marketing at Abu Dhabi University, commends the inclusivity of the initiative, stating that it can contribute to the development of a resilient and dynamic economy, further globalizing the UAE economy in the long run.

The financing component of the initiative, provided by Emirates NBD at competitive rates, is recognized as a pragmatic measure addressing the bottleneck for SMEs seeking affordable financing to invest in international ventures, research and development, and critical expansion aspects.

Amidst these developments, UAE businesses like Sanctuary are already making moves to expand globally, partnering with overseas players. The government’s initiative is seen as potentially easing the path for companies aiming to go global.

Overseas investor Olga Romanova, founder of Romanovamakeup brand, sees the program as enabling Dubai brands to strengthen their market position and concentrate on developing new products for both local and international audiences.

Dr. Nair underscores that by prioritizing SME growth and providing financial support, the Dubai government is laying the groundwork for sustained economic expansion, job creation, and increased global competitiveness. The initiative acknowledges the importance of diversification and globalization in today’s interconnected economy, assisting SMEs in establishing a presence in regional and global markets.

Publish January 30, 2024

Source: https://www.arabianbusiness.com/startup/dubai-targets-global-talent-with-136mn-push-to-attract-small-and-medium-sized-businesses

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Dubai Launches Dh500 Million ‘International Growth Initiative’ to Propel Global Expansion of SMEs

The ‘Dubai International Growth Initiative’ was inaugurated by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, and Chairman of the Executive Council of Dubai, on Sunday.

An allocation of Dh500 million has been earmarked for this initiative, aimed at accelerating the global expansion of small and medium-sized enterprises (SMEs) based in Dubai. Launched in collaboration with Emirates NBD, the initiative underscores the Government of Dubai’s commitment to fostering the international growth of SMEs.

Sheikh Hamdan emphasized Dubai’s pivotal role in the global economy and its prominence as an international hub for business and trade. He stated, “The Dubai International Growth Initiative will provide essential support for the global expansion of SMEs rooted in Dubai, constituting 95 percent of registered businesses and playing a vital role in the emirate’s economy.”

Highlighting Dubai’s business-friendly environment, Sheikh Hamdan added, “Consistent and robust support for entrepreneurs, investors, and SMEs enhances Dubai’s attractiveness as a destination for both local and global investments.”

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance of the UAE, expressed that the Dubai International Growth Initiative, allocating Dh500 million to support SMEs, is a strategic commitment to the future development of Dubai’s economy. He stressed the government’s priority in facilitating the sustainable global expansion of SMEs, aligning with the D33 Agenda.

Sheikh Maktoum conveyed gratitude to Emirates NBD for its strategic partnership with the Government of Dubai in supporting the initiative. He highlighted the importance of the private sector as a crucial partner in nurturing the growth of Dubai’s economy.

Open to all SMEs established in Dubai, regardless of the owner’s nationality, the initiative aims to empower businesses for international expansion, focusing on key strategic sectors of the emirate. Further details on the financing program by Emirates NBD will be announced in February.

Emirates NBD will offer competitive financing rates, pegged to the Emirates’ Interbank Offered Rate (EIBOR) with no additional margin. A joint steering committee, comprising representatives from the Government of Dubai and Emirates NBD, will oversee the initiative, including the selection of eligible SMEs, implementation, and ensuring its success in meeting the emirate’s strategic objectives.

Publish January 28, 2024

Source: https://www.khaleejtimes.com/business/dubai-international-growth-initiative-allocates-dh500-million-to-accelerate-global-expansion-of-sm

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Dubai’s DFSA reports a record number of licensed firms in 2023

Among all the registered firms, the authority observed an increase in Asset Managers and Hedge Fund Managers establishing a presence in DIFC

117 new firms licensed and registered in 2023.

The Dubai Financial Services Authority (DFSA) has announced a record-breaking number of firms licensed and registered since its establishment, achieving remarkable growth in 2023. 117 firms were registered during the year, marking an increase of 25 percent from the year prior.

Among all the registered firms, the authority noted an increase in Asset Managers and Hedge Fund Managers establishing a presence in the Dubai International Financial Centre (DIFC).

As of November 2023, the DIFC exchange, NASDAQ held the world’s largest listed ESG sukuk market valued at $27 billion.

Fadel Al Ali, Chairman of the DFSA, said: “The remarkable achievements of 2023 are a testament to our dedication to not only regulate the present but to also shape and govern the future. Our aim is to become a global benchmark as an international regulatory body, delivering excellence in tandem with the government’s strategic vision – including Dubai Economic Agenda D33.”

Publish January 23, 2024

Source: https://www.arabianbusiness.com/industries/banking-finance/dubais-dfsa-reports-record-number-of-licensed-firms-in-2023

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Exploring Business Opportunities in Dubai’s Sustainable Landscape

The Dubai Clean Energy Strategy 2050 aims to increase the share of clean energy in the total energy mix, with the goal of making Dubai a global hub for clean energy and green economy. The strategy includes targets such as achieving 75% of Dubai’s total power output from clean energy sources by 2050.

The Dubai Green Mobility Initiative focuses on promoting sustainable transportation solutions to reduce the environmental impact of transportation in the city. This initiative involves integrating electric and hybrid vehicles into the transportation system, as well as improving public transportation infrastructure.

These initiatives have indeed created opportunities for businesses in various sectors related to sustainability:

Renewable Energy:

Solar Power: Dubai’s abundant sunlight makes it an ideal location for solar power projects. Businesses can engage in the development and implementation of solar farms, rooftop solar installations, and solar energy storage solutions.
Wind Power: Exploring wind energy projects, especially in coastal areas, can be another avenue. Wind farms and wind turbine technology can contribute to the diversification of Dubai’s energy mix.

Waste Management:

Recycling Solutions: Businesses can focus on developing efficient recycling processes for various materials, including plastics, paper, and electronic waste. Implementing advanced sorting and recycling technologies can contribute to Dubai’s waste reduction goals.
Waste-to-Energy: Companies involved in waste-to-energy technologies can explore partnerships with local authorities to convert waste into electricity. This aligns with Dubai’s commitment to reducing landfill dependency and harnessing energy from waste.

Sustainable Construction:

Green Building Materials: Manufacturers and suppliers of eco-friendly construction materials, such as recycled steel, sustainable concrete, and energy-efficient insulation, can find a growing market in Dubai.
Smart Building Technologies: Integrating smart technologies for energy management, water conservation, and overall sustainability in construction projects aligns with Dubai’s vision for smart and green buildings.

Green Technology and Innovation:

Smart Grid Solutions: Developing and implementing smart grid technologies can enhance energy efficiency and grid management, aligning with Dubai‘s goal of a smart and sustainable city.
Environmental Monitoring Systems: Businesses involved in creating systems for real-time monitoring of air and water quality, waste levels, and other environmental parameters can contribute to Dubai’s efforts in maintaining a clean and sustainable environment.

Green Mobility:

Electric and Hybrid Vehicles: Companies manufacturing or providing infrastructure for electric and hybrid vehicles can tap into the growing demand for sustainable transportation options.
Public Transportation Solutions: Developing and improving public transportation infrastructure, such as electric buses and smart transportation systems, aligns with Dubai’s Green Mobility Initiative.

Government Incentives and Collaborations:

Businesses should stay informed about government incentives, grants, and policies supporting sustainable initiatives. Collaborating with government bodies and participating in public-private partnerships can open doors for businesses looking to contribute to Dubai’s sustainability goals.

Education and Awareness:

There are opportunities for businesses involved in sustainability education and awareness campaigns. Promoting sustainable practices and educating the public can contribute to a culture of environmental responsibility.

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COP28 in UAE: Dubai Fintech for ESG Transformation

COP28 in UAE: A new Dubai fintech platform poised to revolutionize environmental, social, and corporate governance. Major partnerships with some of the leading names in the industry will be announced soon.

Before COP28, the fintech platform Fils was launched in Dubai on Monday to assist global businesses in translating their intent into action when integrating sustainable values into the core of digital payments.

The homegrown platform will pave the way for trust and safety in carbon markets, bringing together buyers with capital and suppliers with high-integrity carbon credits, at the rate and scale required to rebalance the planet, as stated by Nameer Khan, the founder of Fils and chairman of the Mena Fintech Association (MFTA).

Designed as a holistic, enterprise-grade B2B2C product offering, Fils leverages the power of leading technologies for its end-to-end infrastructure to transform various industries, including financial services, hospitality, and e-commerce. This makes it easier for businesses to act on the core values of environmental, social, and corporate governance (ESG), said Khan, adding that major partnerships with some of the leading names in the industry will be announced soon.

Speaking at the launch, Khan stated that Fils is poised to transform the world of ESG through an API-first digital payment infrastructure that makes sustainability a lifestyle and can be easily embedded into platforms across sectors.

“Fils is a catalyst for the evolution of ESG enforcement and has the right team, technology, experience, and expertise to lead the market. With our robust infrastructure, it spells the end of greenwashing and clears a path towards greater accountability and implementation of actionable outcomes that can improve the sustainability of the world we live in.”

He said Fils aims to address ESG implementation challenges head-on, making it easier for businesses to play a vital role in driving a more sustainable future — one that is not only climate-neutral but also one that supports the most vulnerable in society, including the financially excluded and those most impacted by global disasters.

Companies across all industries are increasingly looking to align their ambitions with ESG principles and pursue opportunities that offer long-term societal benefits and business growth.

By taking a technology-first approach to sustainable action, Fils has created a game-changing digital ecosystem connecting payment infrastructure, organizations, impact makers, and consumers. It is a best-of-breed fintech that enables organizations to increase the scalability of their sustainability practices and provides projects across 17 UN Sustainable Development Goals (UN SDGs) with the ability to receive digital payments faster, easier, more securely, and with greater transparency, as explained by Khan.

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Sheikh Al Mualla bin Ahmed Al Mualla were among several industry leaders who attended the launch.

Source: https://www.khaleejtimes.com/cop/cop28-in-uae-new-dubai-fintech-platform-to-transform-environmental-social-corporate-governance

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Dubai to unveil solar buses and high-speed pods for futuristic transport

Dubai’s Roads and Transport Authority (RTA) has collaborated with innovative travel experts to envision the transport networks of the future.

Dubai anticipates integrating high-speed travel pods and solar-powered rail buses into its transportation landscape, alongside self-driving cars, electric smart abras, and flying taxis.

As part of the Dubai International Project Management Forum (DIPMF), RTA has entered into two memoranda of understanding (MoUs) focusing on the development of new and innovative transportation systems.

The redesigned transport networks represent the city’s forward-looking approach to developing novel means of transportation.

Future Transport in Dubai

The first MoU explores the potential development of the Floc Duo Rail system, featuring a double-track system for swift and efficient transportation.

The second MoU considers the possibility of creating a rail bus system, which would operate on a bridge equipped with solar panels to generate the required electricity.

These MoUs were signed with two companies, Urban-Mass Company (UK) and RAIL BUS Inc. (US), specializing in transportation system development and designing zero-emission mass transportation solutions.

Abdul Mohsen Kalbat, CEO of the Rail Agency, RTA, signed the MoUs, with Ricky Sandhu, Founder, and CEO of Urban Mass, representing the UK-based company, and Dr. Hatem Al-Taher Ibrahim, the Director of Business Development, representing Rail Bus Inc.

Abdul Mohsen Kalbat emphasized that these MoUs are part of RTA’s strategic plans to collaborate with leading companies in the field and adopt advanced practices in transportation systems.

Ricky Sandhu expressed the significance of introducing the Floc Duo Rail system in Dubai, highlighting its role in reducing emissions and providing efficient transportation through cutting-edge technologies.

The partnership between Urban Mass and RTA reflects a mutual commitment to combat climate change and usher in sustainable mass transit solutions through innovative technology.

Hatim Ibrahim, the CEO of Rail Bus Inc., sees the collaboration with RTA as a milestone towards pioneering sustainable transportation solutions in Dubai, aiming to set new benchmarks in sustainable mobility tailored to the city’s dynamic landscape.

The signed MoU between RAIL BUS Inc. and RTA signifies their shared vision of revolutionizing urban transportation through eco-friendly technologies, contributing to Dubai’s smart city vision and sustainable urban development commitment.

Publish January 19, 2024

Source: https://www.arabianbusiness.com/industries/transport/dubai-to-develop-2-futuristic-transport-systems-announces-solar-powered-rail-buses-and-high-speed-travel-pods

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Dubai has achieved a customer happiness rate of 93% – Reports says

Dubai’s customer happiness rate reached an impressive 93%, while the employee happiness index in the emirate achieved a notable 88%, according to the 2023 Dubai Government Customer and Employee Happiness Indices released on Thursday.

Last year, Dubai government entities reported an average customer happiness rate of 93%, with the Mohammed bin Rashid Housing Establishment leading the way with a remarkable 97.7%. Other entities that excelled in customer happiness included the Dubai Electricity and Water Authority (96.7%) and the Dubai Corporation for Ambulance Services (96.1%).

The Employee Happiness Index, as per the report by the Dubai Government Excellence Program (DGEP), stood at an average of 88% for the year 2023. The General Directorate of Residency and Foreigners Affairs led in employee happiness with a score of 95.17%, followed by the Mohammed bin Rashid Housing Establishment (94.91%) and the Endowment and Minors Trust Foundation (Awqaf Dubai) (94.51%).

On Thursday, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, expressed appreciation for the exceptional efforts, saying, “Your exceptional efforts are appreciated and are a source of tremendous pride for Dubai. By giving your best to the people of this emirate, you are enhancing Dubai’s leadership in the field of exceptional government services.”

“I am proud of all Dubai’s government entities for achieving customer happiness levels above 90% and raising the average to 93%. The Dubai Government works tirelessly to improve its services, driven by the vision of Sheikh Mohammed bin Rashid Al Maktoum, and we are entirely committed to continuous development,” he added.

The results of the mystery shopper study revealed an impressive average happiness level of 94.8% with government entities.

CUSTOMER HAPPINESS INDEX

Mohammed bin Rashid Housing Establishment: 97.7%
Dubai Electricity and Water Authority: 96.7%
Dubai Corporation for Ambulance Services: 96.1%

EMPLOYEE HAPPINESS INDEX

General Directorate of Residency and Foreigners Affairs: 95.17%
Mohammed bin Rashid Housing Establishment: 94.91%
Endowment and Minors Trust Foundation (Awqaf Dubai): 94.51%

Publish January 19, 2024

Source: https://www.zawya.com/en/business/retail-and-consumer/dubai-records-customer-happiness-rate-of-93-w8bq55cy

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iFX EXPO Dubai 2024 – MENA’s Largest Online Trading Expo at the Dubai World Trade Centre

Initiating the Countdown for iFX EXPO Dubai 2024

Anticipated as the largest online trading expo in the MENA region, the iFX EXPO Dubai 2024 will showcase the newly launched Traders Arena and more.

Dubai, United Arab Emirates: The eagerly awaited iFX EXPO Dubai 2024 is imminent, marking the commencement of the leading online trading expo in the MENA region! This significant event aims to bridge the gap between brokers and traders, providing an ideal platform for collaboration. Scheduled from January 16-18 at the Dubai World Trade Centre, this year’s edition features an enhanced content lineup across three key stages: the Speaker Hall, the Idea Hub, and the inaugural Traders Arena.

Each year witnesses the iFX EXPO series expanding both in scale and scope, attracting a larger and more diverse audience. With all eyes focused on iFX EXPO Dubai 2024, prospective attendees can anticipate an even more extensive gathering of prominent brands, brokers, and experts from the financial services industry. With diverse talent and potential in attendance, it serves as an excellent way to kickstart the New Year.

What to Anticipate at iFX EXPO Dubai 2024

Open to all attendees, Traders Arena will specifically cater to a growing demographic at the iFX EXPO series, delving deep into the online trading space. This stage will also function as an interactive hub aimed at shaping and strengthening new and existing relationships, while facilitating networking between traders and brokers.

Whether you are embarking on your trading journey or are a seasoned veteran, Traders Arena is your go-to destination. Join leading experts and prop trading specialists who will deliver educational and informative content and investment strategies for all types of traders.

Moreover, Traders Arena is introducing the Know-How Series for IBs, offering guidelines on successfully starting one’s own brokerage. The newly launched iFX EXPO Know-How Series will feature industry experts and pioneers guiding individuals through key decision points.

Reasons to Attend iFX EXPO Dubai 2024 This January

Participating in iFX EXPO Dubai 2024 provides numerous benefits for all participants, including unique opportunities for one-on-one networking and engagement with industry leaders. These experiences are crucial for forming valuable and lasting connections with top-tier decision-makers, collaborators, and potential partners. Attendees can also connect directly with brokers and fellow traders from across the globe.

For the first time ever, attendees will be able to benefit from key insights from industry experts across three dynamic content stages. Stay updated on trending and pressing topics and engage directly with the industry’s elite.

This includes notable sessions and panels capturing the latest buzz surrounding the prop trading revolution, the rise of cybersecurity in the MENA region, and Dubai’s growth into a fintech hub. The event promises a wealth of insights with notable speakers from diverse backgrounds, including Ahmed Allam from H.H. The Ruler’s Court of Dubai, Otakar Suffner, CEO of FTMO, Ayad Butt from Zodia Markets, and many more. Explore the event’s full agenda today.

Look for iFX EXPO Dubai 2024 to also provide a few surprises along the way, as the MENA region is no stranger to innovation and potential. The event provides the perfect atmosphere to showcase the latest fintech and online trading solutions, where anything can happen on the expo floor.

With the industry’s top brands and names in attendance, including Exness, ATFX, and more, iFX EXPO Dubai 2024 is one event you cannot afford to miss. Discover all of the event’s sponsors and exhibitors and find out who to meet in Dubai.

Starting a Online Trading or Fintech Business in Dubai, UAE

Are you planning to establish an online trading or fintech business in Dubai? Now is the perfect moment to seize this opportunity with iFX EXPO Dubai 2024. This prestigious event provides an ideal platform for entrepreneurs looking to delve into the world of online trading and fintech.

To further enhance your journey, consider partnering with Smart Zones^® UAE, a leading business setup consultant in Dubai. Their expertise and guidance will prove invaluable as you navigate the intricacies of establishing your venture. Take advantage of iFX EXPO Dubai 2024 and capitalize on the insights, networking, and industry trends presented at this event to propel your online trading or fintech business to new heights. Trust in Smart Zones^® UAE to assist you in realizing your business goals and ensuring a seamless setup process in the dynamic business landscape of Dubai.

Publish 15 Jan 2024

Source: https://www.zawya.com/en/press-release/events-and-conferences/countdown-begins-for-ifx-expo-dubai-2024-uldca9bs

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