9/24/2023 0 Comments Kuwait city global hub![]() ![]() With oil and gas resources underpinning much of the region’s wealth, although not the case in Dubai, the competition to attract foreign capital and talent is immense and has seen a lot of new investors in the region following COVID-19 and stubborn inflation in search of new sources of both capital and investment opportunities. Dubai is positioned as the gateway to more than four billion people in the Middle East, Africa and Asia, many, home to economies forecast to power global growth over the next millennia with more than half of the populations under the age of 30.ĭubai is the highest profile of the seven states making up the United Arab Emirates (UAE) and is leader in the “Falcon Economies”, a term coined in Abu Dhabi, the federal capital of the Emirates, to describe the positive growth story continuing to emerge in the greater region of the Gulf Cooperation Council (GCC) which includes Saudi Arabia, Qatar, and Kuwait. ![]() Dubai’s Not So Secret Sauceĭubai, as a proposition for innovate digital finance firms, is compelling: a GDP forecast for steady growth, a world-class fintech and financial services ecosystem, and a stable, progressive government and regulatory regime dedicated to strategic technologies like blockchain and artificial intelligence. Dubai is one of a handful of top fintech hubs, along with London, Paris and Hong Kong vying to attract international companies focused on growing the digital economy. Securities and Exchange Commission (SEC) recent lawsuits against crypto exchanges and the increasing politization of the digital innovation agenda in the U.S., many firms are seriously considering redomiciling their digital asset businesses. ![]()
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