To support Dubai's aspirations for GDP growth, Emirates NBD and the Dubai International Financial Centre (DIFC) have partnered to foster the future of finance, innovation, talent, and entrepreneurial growth in the area.
Arif Amiri, CEO of the DIFC Authority, and Abdulla Qassem, Group Chief Operating Officer of Emirates NBD, signed the Letter of Intent at the Dubai FinTech Summit 2023 in the presence of EXCO members, senior executives from Emirates NBD, as well as important partners.
When in force, the agreement will work to unite DIFC, the top global financial centre in MEASA, which is home to the greatest cluster of FinTech and innovation centres, with Emirates NBD, one of the largest banks in the region and a leader in digital banking innovation. In order to strengthen the country's position as a major global investment hub, the joint project aims to develop local talent, stimulate innovation and entrepreneurial growth, and enhance Emirates NBD's overall global reputation in the fields of FinTech and ESG.
Through this partnership, the DIFC hopes to support Emirates NBD's priorities through a number of ongoing initiatives, such as the DIFC FinTech Launchpad, DIFC Virtual Hub, and DIFC Events agenda, all of which give the bank a platform to further explore and expand its FinTech and ESG partnerships.
Qassem said: “As a leading local bank, Emirates NBD is committed to financing the real economy of the UAE and contributing to the long-term economic growth and development of the region. Emirates NBD has had a long-standing relationship with the DIFC and it is our joint endeavor to take Dubai to new heights transforming it into a global economic superhub.”
He added: “Supported by the DIFC, we are confident that we will continue to boost innovation and drive stronger partnerships to provide more ecosystem-driven solutions to customers.”