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The Dubai International Financial Center (DIFC), a leading global financial center in the Middle East, Africa and South Asia, and the Tel Aviv-based non-profit organization Start-Up Nation Central today announced the signing of an agreement to establish a new innovation between the UAE and Israel bridge.
At the ceremony held by DIFC, Eliran Elimelech, Vice President of Strategic Partnerships of Start-Up Nation Central, and Salmaan Jaffery, Chief Business Development Officer of DIFC, signed an agreement and pledged to jointly promote business agreements that will benefit the two countries, especially in financial technology and finance. Technology field. Digital security.
As part of the DIFC Innovation Center, the center provides the most comprehensive financial technology and venture capital environment in the region, including FinTech Hive’s Innovation Accelerator Program, which provides start-ups with a bridge to the UAE, regional and global markets. More than 60% of the fintech and innovation companies in the Gulf Cooperation Council are located in DIFC. Israel is a globally recognized leader in innovative financial technology solutions, with more than 530 start-ups that apply advanced technologies such as data science, biometrics, blockchain, and networks to disrupt the traditional banking, finance, and insurance industries. As part of the agreement, the two parties promised to promote the introduction and mutual recommendation of companies interested in expanding their business within each other’s jurisdiction. This includes programs such as regulatory sandboxes and accelerators to help providers of innovative solutions gain market access.
Arif Amiri, Chief Executive Officer of the DIFC Authority, Said: “Today, we have the opportunity to strengthen the business relationship between the UAE and Israel, especially in the field of financial technology. As the region’s financial services, financial technology and innovation center, DIFC has the potential to become the region’s under- A unicorn has a reputation for innovation and disruptive companies. Our cooperation with Start-up Nation Central will enable us to cultivate a culture of cooperation between entrepreneurs and innovators in both countries and further build a vibrant ecosystem To promote the development of the financial technology industry.”
Avi Hasson, CEO of Start-Up Nation Central, Said: “DIFC is a strategic partner in terms of overall innovative technology, especially financial technology. We believe that as a core ally of the UAE and a strategic approach to help the development of the two ecosystems, it is very important to promote the relationship with DIFC. In After the anniversary of the Abraham Agreement, we believe that the agreement is a manifestation of innovative diplomatic efforts in the region. We believe that this will be an excellent platform for future cooperation, translating the noble ideas put forward by leaders of various countries into practical results.”
Representatives of Start-Up Nation Central are currently participating in the annual GITEX technical conference and trade show in Dubai. They participated in the event with a delegation of 30 Israeli entrepreneurs and investors who are part of the UAE-Illinois Technology District, a community of innovators in both countries supported by Start-Up Nation Central.
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