Finance and Policy ME

UAE adopts new regulatory framework for fintech companies

With the aim of regulating the use of fintech technology, the UAE's Minister of Economy has announced a regulatory framework for fintech companies adopting experimental licenses to conduct their operations. Similar frameworks were introduced by Dubai International Financial Centre and Abu Dhabi Global Market over the last year.

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The UAE and India collaborate on Artificial Intelligence

The UAE Minister for Artificial Intelligence and Invest India have signed a Memorandum of Understanding for the India - UAE Artificial Intelligence Bridge which is dedicated to spur discussion and explore options for both countries to grow their artificial intelligence economies. This partnership will generate an estimated $20 billion USD in economic benefits during the next decade.

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