{"id":11345,"date":"2019-03-14T12:00:14","date_gmt":"2019-03-14T08:00:14","guid":{"rendered":"http:\/\/www.middleeastevents.com\/blog\/?p=11345"},"modified":"2019-03-14T12:00:14","modified_gmt":"2019-03-14T08:00:14","slug":"icaew-dubais-financial-services-industry-key-to-economic-growth","status":"publish","type":"post","link":"https:\/\/www.middleeastevents.com\/blog\/icaew-dubais-financial-services-industry-key-to-economic-growth\/","title":{"rendered":"ICAEW: Dubai&#8217;s Financial Services Industry Key To Economic Growth"},"content":{"rendered":"<p>The forum was held on 11 March and organised by DIFC in partnership with the Financial Times. Key announcements included: DIFC\u2019s rise from 15<sup>th<\/sup> to 12<sup>th<\/sup> position on the latest Global Financial Centres Index; MEVP and Wamda Capital appointed to manage part of USD 100 million FinTech fund; and FinTech Hive signing knowledge-sharing memoranda of understanding with three new global Fintech accelerators. DIFC has been bolstered further by its growing wealth and asset management sector valued at around USD 424 billion, equivalent to roughly 30 percent of the combined GDP of all GCC countries.<\/p>\n<p>Commenting on growth of DIFC and its forthcoming initiatives, Michael Armstrong\u00a0FCA and ICAEW Regional Director for Middle East, Africa and South Asia said: \u201cDIFC\u2019s rise in the latest Global Financial Centres Index highlights the strong momentum in Dubai\u2019s financial services landscape. Improvements in governance standards combined with the progressive forward thinking of the leadership team underscore the government\u2019s willingness to embrace disruptive technology and thrive in this fast-paced, changing world.<\/p>\n<p>\u201cThe launch of a $100m fintech fund and the announcement of FinTech Hive\u2019s MoUs with FinTech Saudi, Milan\u2019s FinTech District and FinTech Istanbul\u2014which bring its growing global network to 14 fintech hubs\u2014is proof of Dubai\u2019s commitment to the future of finance. In today\u2019s globalised world, such collaboration and knowledge sharing is crucial to optimise innovation and generate exciting business opportunities for the region.<\/p>\n<p>\u201cThe financial services sector is highly competitive, innovative and fast-moving, playing vitally important roles in encouraging economic development and investment. The need to incentivise and attract capital, talent and customers in highly competitive markets calls for commercial flair and focus. If regulations are kept up to date, which has been the case, by working together to build confidence and trust, Dubai\u2019s financial services sector has great potential to continue to attract investment and significantly contribute to the region\u2019s economy. Dubai also has the potential to realise its ambition to become among the world\u2019s top financial hubs.\u201d<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-11346\" src=\"http:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2019\/03\/H-2.jpg\" alt=\"\" width=\"240\" height=\"160\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The forum was held on 11 March and organised by DIFC in partnership with the Financial Times. Key announcements included: DIFC\u2019s rise from 15th to 12th position on the latest Global Financial Centres Index; MEVP and Wamda Capital appointed to manage part of USD 100 million FinTech fund; and FinTech Hive signing knowledge-sharing memoranda of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11346,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/11345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/comments?post=11345"}],"version-history":[{"count":1,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/11345\/revisions"}],"predecessor-version":[{"id":11347,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/11345\/revisions\/11347"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media\/11346"}],"wp:attachment":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media?parent=11345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/categories?post=11345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/tags?post=11345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}