July 8, 2020
DIFC Presidential Directive ends on 31 July 2020
The DIFC Presidential Directive enabled firms to take appropriate action to deal with the effect of the COVID-19 pandemic on their business, during the Emergency Period commencing on 21 April 2020 and ending on 31 July 2020.
July 7, 2020
E-Commerce Platform Hubb Launches in F&B market
Hubb offers a cost-effective option through a minimal monthly subscription fee of AED 50 (until 31.12.2021, where subscription charges will be 100 AED there-after),with no added commission. Plus, until 15th September 2020, restaurants can sign-up for free.
July 7, 2020
Fintech Galaxy launches open innovation platform FinX22
The platform enables institutions to run virtual hackathons, innovation challenges and incubation/ acceleration programs. Regulators, FIs and academic institutions will also be able to boost their research and development activities by tapping into the platform’s crowdsourcing solutions.