Dubai, UAE, 7th May 2023, ZEX PR WIRE, e& – one of the world’s largest technology and investment groups, has joined the first-ever Dubai FinTech Summit as the Headline Sponsor to share its expertise and collaborate with other industry players for building a more innovative and efficient financial ecosystem.
Taking place on 8th and 9th May under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai; Deputy Prime Minister and Minister of Finance of the UAE; and President of the Dubai International Financial Centre, the summit will convene 5,000 global FinTech and technology experts to discuss innovations and challenges in the sector, as well as connect start-ups, investors and industry leaders.
Founded in Abu Dhabi over 47 years ago, e& has a rich legacy as the pioneer in telecommunications in the UAE. Today, its footprint spans 16 countries across the Middle East, Asia, and Africa, making it a leading player in the industry. Innovation is ingrained in e&’s DNA to create an unbreakable bond between communities using cutting-edge digital solutions, smart connectivity and advanced technologies.
Commenting on the partnership, Mohammad Alblooshi, Head of DIFC Innovation Hub and FinTech Hive, said: “The signing up of the leading tech and investment group e& as the headline sponsor is a major endorsement for the Dubai FinTech Summit. FinTech has become DIFC’s fastest growing sector, and research shows that the MENA’s USD91 bn digital economy is set to grow to over USD251 bn by 2027. Events like this are vital to help collaboratively build frameworks and partnerships that will elevate the industry to new levels.”
Beyond providing thought leaders to debate and exchange ideas, innovators, and entrepreneurs will also have an opportunity to meet with over 1000 pre-qualified investors during the two-day summit.
Khalifa Al Shamsi CEO e& life said: “We are pleased to partner with the Dubai Fintech Summit that is aligned with e&’s overarching strategy particularly for e& money – the fintech arm of e& life. This financial super app marketplace is designed to revolutionise the customer experience, making this partnership a fitting opportunity to showcase e&’s innovative approach to fintech.”
AlShamsi added: “The recent acquisition of a majority stake in Careem is in line with our strategic ambition of scaling up consumer digital offerings and accelerating e& Group’s transformation into a global technology and investment group. We will continue to push boundaries in product innovation and customer experience by collaborating with key players in the fintech ecosystem to capitalise on opportunities as they arise.”
Organised by DIFC, the leading international financial hub in the MEASA region, the summit will spotlight all things impacting the future of finance – from Web 3.0, metaverse and blockchain to decentralised finance, regulation and policymaking, and the greater need for increased financial inclusivity.
Taking place at Madinat Jumeirah in Dubai, the event will host esteemed local voices such as H.E. Abdullah Bin Touq Al Marri, UAE Minister of Economy and H.E. Essa Kazim, Governor of DIFC. The impressive roster of speakers at the summit includes Bill Winters, Group Chief Executive of Standard Chartered PLC; Brad Garlinghouse, CEO of Ripple; Melissa Guzy, Co-Founder and Managing Partner of Arbor Ventures; and Michael Shaulov, CEO of Fireblocks; among others.
Visitors can now purchase tickets for the Dubai FinTech Summit.
About Dubai International Financial Centre
Dubai International Financial Centre (DIFC) is one of the world’s most advanced financial centres, and the leading financial hub for the Middle East, Africa and South Asia (MEASA), which comprises 72 countries with an approximate population of 3 billion and an estimated GDP of USD 8 trillion.
With a close to 20-year track record of facilitating trade and investment flows across the MEASA region, the Centre connects these fast-growing markets with the economies of Asia, Europe and the Americas through Dubai.
DIFC is home to an internationally recognised, independent regulator and a proven judicial system with an English common law framework, as well as the region’s largest financial ecosystem of over 36,000 professionals working across over 4,300 active registered companies – making up the largest and most diverse pool of industry talent in the region.
The Centre’s vision is to drive the future of finance through cutting-edge technology, innovation, and partnerships. Today, it is the global future of finance and innovation hub offering one of the region’s most comprehensive FinTech and venture capital environments, including cost-effective licensing solutions, fit-for-purpose regulation, innovative accelerator programmes, and funding for growth-stage start-ups.
Comprising a variety of world-renowned retail and dining venues, a dynamic art and culture scene, residential apartments, hotels and public spaces, DIFC continues to be one of Dubai’s most sought-after business and lifestyle destinations.
For further information, please visit our website: difc.ae, or follow us on LinkedIn and Twitter @DIFC.
e& is one of the world’s leading technology and investment groups. With consolidated net revenue of AED 52.4 billion and consolidated net profit of AED 10 billion for 2022, its high credit ratings reflect the Group’s strong balance sheet and proven long-term performance.
Founded in Abu Dhabi more than four decades ago as the UAE’s first telecommunications company, the Group now operates in 16 countries across the Middle East, Asia and Africa.
e& provides innovative digital solutions, smart connectivity and next-generation technologies to a variety of customer segments through its business pillars: etisalat by e&, e& international, e& life, e& enterprise and e& capital.
To learn more about e&, please visit: https://eand.com/
For further enquiries, please contact:
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No FUNDS MANAGEMENT journalist was involved in the writing and production of this article.