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The agreement strengthens DIFC’s position in MEASA and will enable it to further support the UAE in facilitating economic growth from the technology and innovation sectors. Both parties will work together on events, knowledge sharing, talent development and facilitating mutual introductions and referrals for firms keen to expand in each respective jurisdictions.

Navin Gupta, Managing Director for South Asia and MENA at Ripple said: “Ripple already has a significant client base in the MENA region and the opportunity to co-locate with our customers made DIFC a natural choice. Our regional office will serve as a springboard to introduce our blockchain based solutions.

The DIFC Data Protection law was introduced to further build upon the Centre’s reputation as a leading global financial centre, whilst promoting ethical data sharing. It is applicable to DIFC-registered controllers and processors of personal data.

Companies making redundancies can access the ASPIRE programme via the DIFC FinTech Hive. In the next 12 months the ambition is to rollout the programme to a minimum of 5,000 participants.

Over the last 44 years, Africa Re has focused on developing the insurance and reinsurance industry to support African economic development. The business is now expanding, open to select markets in Asia, Brazil and the Middle East. Africa Re’s areas of expertise include underwriting proportional and non-proportional (marine and non-marine) treaty business…

DIFC FinTech Hive revealed the 2020 launch of AccelerateHer, a female-focused career mentorship accelerator programme to empower women in financial services. The programme equips young, aspiring female executives with tools and experience to broaden their knowledge and reach in the industry. It allows them to play a more active role.

DFF will actively promote the recently introduced DIFC Innovation License to their partners and programme participants. This demonstrates DFF’s commitment to work with DIFC on driving the future of finance

Gate Avenue was awarded the LEED Gold certification for successfully fulfilling the prerequisites and credits across nine measurements for building excellence from integrative design to human health to material use. This was made possible by the expertise and support of AESG - the firm that delivered the LEED consultancy services

30 per cent of applications were from UAE based firms, demonstrating a strong pipeline of financial technology talent within the Emirates. 46 per cent came from the MENA region and 24 per cent were received from global firms.

The objective of the partnership is to strengthen the services and the sharing of knowledge offered to the legal community in Dubai in the next few years in order to bring it to the level of excellence that Dubai's standards require.