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Dubai-based financial institutions are spearheading innovation in Islamic banking across the MEASA region.
Dubai ranked first in MENA and 19th worldwide among 114 cities surveyed in the 2021 Global Financial Centres Index.
The EMEA fintech market attracted US$39.1bn in investment in H1, 2021, including a record US$15.1bn in VC funding.
Fintech accounted for 30% of US$2.1bn-worth of seed-funding invested in the Middle East in 2020, the largest of any financial sector. Source: Arab News
The fintech market in the Middle East and North Africa (MENA) is expected to reach US$2.5 billion by 2022.
Dubai International Financial Centre is consistently recognised as the leading financial centre in the Middle East, Africa and South Asia region.
Investment platforms like VentureSouq are integral in nurturing Dubai’s start-up sector, bringing in international stakeholders while showcasing start-ups on a global stage.
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