News

Abu Dhabi financial centre opens digital sandbox

Abu DhabiThe Abu Dhabi Global Market (ADGM), the emirate's international financial centre, has underlined its financial technology ambitions with the launch of a digital sandbox. The initiative is designed to offer banks, fintech companies and regulators an open digital marketplace in which to collaborate on the creation, testing and adoption of new products, according to ADGM. ADGM also signed a cooperation agreement with the government's Department of Economic Development to provide more integrated support for start-ups across a number of sectors including financial services. The competition to establish a fintech hub in the Middle East has become increasingly intense between Dubai, Abu Dhabi and Saudi Arabia, which is the biggest financial market in the region. Both Abu Dhabi and Dubai have been active in establishing sandboxes and accelerators and signing cooperation agreements with other domiciles. The Saudi Capital Market Authority recently issued its first fintech licences to two local start-ups in a bid to kickstart its fintech sector. ©2018 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Jan 04, 2019

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

Roundtables

ROUNDTABLE: Hooked to the global caravan

Jan 04, 2019

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.