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Emirates NBD and Dubai International Financial Center (DIFC) join forces to drive the future of finance, innovation, talent and entrepreneurship in the region, thereby contributing to Dubai’s GDP growth targets.
Arif Amiri, Chief Executive Officer, DIFC Authority, and Abdulla Qassem, Group Chief Operating Officer, Emirates NBD, signed the letter of intent at the Dubai Fintech Summit 2023 in the presence of EXCO members and senior leaders of Emirates NBD, as well as key partners.
When effective, the agreement will aim to unite Emirates NBD, one of the region’s largest banks and a leader in digital banking innovation, with MEASA’s leading global financial hub, DIFC, which is home to the largest cluster of fintech and innovation hubs. The joint program aims to develop national talent, foster innovation and entrepreneurial development, and build Emirates NBD’s overall global reputation in the fintech and ESG sectors, with the ultimate goal of enhancing the country’s global status as a key global investment hub.
support priorities
Through this partnership, DIFC aims to support the priorities of Emirates NBD through various ongoing initiatives including DIFC FinTech Launchpad, DIFC Virtual Hub and DIFC Events agenda – each of which provides banks with a platform to Further explore and develop FinTech and ESG innovations and partnerships.
Qassem said: “As a leading local bank, Emirates NBD is committed to financing the UAE’s real economy and contributing to the region’s long-term economic growth and development. Emirates NBD has a long-standing relationship with DIFC and we work together Take Dubai to new heights, transforming it into a global economic supercenter.”
He added: “With the support of DIFC, we are confident to continue to drive innovation and drive stronger partnerships to provide customers with more ecosystem-driven solutions.”
Business center
Amiri said: “DIFC is committed to supporting Dubai’s economic agenda, D33, to transform the city into one of the world’s top three business hubs. Partnering with Emirates NBD, we believe in the power of a collective effort to drive future change in the financial services industry.
“As the region’s leading global financial center, a significant contributor to Dubai’s GDP and a major job creator, we are committed to providing the resources and platform for the UAE’s NBD to thrive. Together, we will shape the future of finance for the region and the world Build a stronger, more resilient economy.” — trade arab news agency
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