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The Dubai International Financial Centre (DIFC), which serves as an global financial hub in the MENA and South Asia region, has signed a Memorandum of Understanding (MoU) with the Dubai Future Foundation (DFF). Both organizations have agreed to focus on supporting innovative Fintech projects in Dubai.
DIFC’s goals align with DFF’s mission which aims to support Dubai’s economy. The financial services industry is reportedly the third-largest economic activity in the city. It’s a significant part of Dubai’s GDP and it’s also expected to grow in the coming years. The DIFC will also serve as a key part of the Dubai Future District, which also focuses on supporting the city’s economy.
The DIFC and the DFF will aim to adopt the latest technologies in order to help businesses with streamlining their operations. The organizations will identify and support various blockchain and AI-related startups in the region. These projects may become a part of the Dubai 10X vision, which promises that the Government of Dubai will be 10 years ahead of all other major world cities by adopting the latest technologies.
Through their partnership, the DIFC and DFF will be introducing various professional training programs at …
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