DIFC, Emirates NBD partner to promote entrepreneurial growth

Letter of Intent signed at Dubai FinTech Summit 2023
DIFC, Emirates NBD partner to promote entrepreneurial growth
Part of the signing ceremony (Photo from WAM)

Emirates NBD and the Dubai International Financial Centre (DIFC) have teamed up to foster the future of finance, innovation, talent, and entrepreneurial growth in the region. The two entities signed a Letter of Intent at the Dubai FinTech Summit 2023 to promote national talent, spur innovation and entrepreneurial growth, and enhance Emirates NBD’s global reputation in the domains of fintech and ESG. The ultimate objective of this partnership is to bolster the country’s global positioning as a significant investment hub.

Through this collaboration, the DIFC intends to bolster Emirates NBD’s priorities by leveraging multiple ongoing initiatives, such as the DIFC FinTech Launchpad, DIFC Virtual Hub, and DIFC Events agenda. These initiatives provide Emirates NBD with a platform to delve deeper into and expand its fintech and ESG innovations and partnerships.

Read more: Standard Chartered, DIFC sign memo to launch first-ever digital asset custody in UAE

According to the CEO of DIFC Authority, Arif Amiri, DIFC is dedicated to supporting Dubai Economic Agenda D33, with the aim of transforming the city into one of the top three global business hubs. By collaborating with Emirates NBD, DIFC believes in the potential of collective efforts to drive transformative change in the financial services sector. As a significant contributor to Dubai’s GDP and a prominent employment creator, DIFC is committed to providing Emirates NBD with resources and platforms to flourish. The ultimate objective of this partnership is to shape the future of finance and create a more robust and resilient economy for the region and the world.

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