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When all stages of granting golden residency to different groups are completed, economic growth rate in Dubai is likely to increase to increase between 0.25% and 1%, driven largely by domestic demand and investment, according to the analysis done by the Corporate Strategic Affairs sector in Dubai Economy. Dubai Economy (Dubai Department of Economic Development or DED) and Emirates NBD, a leading banking group in the MENAT region (Middle East, North Africa, and Turkey), have announced the go-live of the UAE KYC Blockchain Platform. According to studies, the consumption and investment behaviour of expatriates mainly depends on their expectations of the duration of their stay in the host country. Kokila Alagh: Founder of KARM Legal, Member of MENA Fintech Board, Discusses Role of Emerging Tech in Streamlining Middle Eastern Businesses, Global Payments Platform Adyen to Expand Business Operations into Middle East, Launches Dubai Office, UAE based Fintech BankOnUs Introduces AI enhanced Financial and Insurance Services Comparison App, American Fintech Ripple Set to Establish Operations at the Dubai International Financial Centre, Nearly 75% of Payments in the UAE will Be Cashless by 2025 as Country Prepares for Post COVID Business Environment, Fintech Businesses and Startups in Israel, the UAE, and Bahrain Form Strategic Partnerships Following Signing of Abraham Accords, Dubai based Fintech Rise Launches New Platform for Affordable Remittance or Cross-Border Payments, Abu Dhabi based ADQ to Launch Digital Banking Platform for UAE Residents, Executives in the UAE Expect Digital Payments to Overtake Cash Usage due to Rise of E-Commerce, UAE’s Ministry of Finance Partners with Local Banks to Offer Digital and Contactless Payments for Settling Government Service Fees, UAE’s Buy Now Pay Later Fintech Spotii to Support Business Growth with Microsoft AppSource by using its Network to Co-Market Services, Dubai International Financial Centre to Continue Working with Local Organizations on Fintech Projects, UAE based Fintech Spotii Introduces Buy Now Pay Later Platform via Partnership with Local Online Merchants, UAE’s Authorities Request Financial Service Providers to Use Latest Fintech and Regtech to Help Follow AML Guidelines During COVID-19 Outbreak, New MENA Region Fintech Report Released by Dubai-based Global Ventures, a Leading VC Firm, Digital Bank Current Tops 2 Million Users, Raises $131 Million Series C. U.S. Insurtech Hippo Insurance Scores $350 Million Capital Investment From Mitsui Sumitomo Insurance... Reef Finance Integrates with Blockchain Platform Kava to Offer “World-Class” DeFi Servic... Texas based Insurtech Bestow Claims its Business has Grown Significantly during COVID, Plans to Hire... JoomPay Receives E-money License in Luxembourg, China Construction Bank Corporation Suspends Digital Bond Issuance on FUSANG, Securitize Approved to Acquire Broker Dealer Distributed Technology Markets. Qatar to Unveil 4th FIFA World Cup Venue with Staging of Amir Cup Final on Dec 18, Jordanian-Palestinian Reema Dodin Appointed Senior Staffer in Joe Biden's White House, Ibrahimovic Slams EA Sports for Using His Likeness in FIFA 21 Without His Permission, Dubai Economy Says Expanding Golden Residency a Quantum Leap Towards Economic Growth and …. Apply © 2000 - 2020 Al Bawaba ( Ministry of Economy - UAE carries out the preparation of the project of the General Development plan of the state, identifies its stages and annual divisions and all matters associated to that The Department of Economic Development (DED) is the responsible government entity for issuing all licenses for corporate entities or individuals who desire to carry out business in the mainland of Dubai outside the free zones. Dubai SME’s vision is to make Dubai the centre for innovative SMEs to start, grow and expand their businesses, thus adding greater value to the economy of Dubai. The DED and its agencies develop economic plans and policies, identify and support strategic sectors, and provide services to domestic and international investors and businesses. P.O. Real Estate Strategy The DED supports the structural transformation of Dubai into a diversified, innovative service-based economy that aims to improve the business environment and accelerate productivity growth. Dubai Economy and its agencies develop economic plans and policies, identify and support the growth of strategic sectors, and provide services to domestic and international investors and businesses. The initiative is being powered by Sweden based norbloc blockchain KYC technology, according to a release. 211, Building 7, Gold and Diamond Park Advertising: [email protected] Mohammed Shael Al Saadi, CEO of the Corporate Strategic Affairs sector in Dubai Economy, remarked that the new amendments to golden residency signifies a strong impetus and a qualitative leap in supporting the process of sustainable development and economic growth in Dubai and the UAE in the short to long term, adding that creativity and talent of the people are the basis of the economic development process.

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