Digital Government MENA

UAE adopts new regulatory framework for fintech companies

With the aim of regulating the use of fintech technology, the UAE's Minister of Economy has announced a regulatory framework for fintech companies adopting experimental licenses to conduct their operations. Similar frameworks were introduced by Dubai International Financial Centre and Abu Dhabi Global Market over the last year.

The UAE and India collaborate on Artificial Intelligence

The UAE Minister for Artificial Intelligence and Invest India have signed a Memorandum of Understanding for the India - UAE Artificial Intelligence Bridge which is dedicated to spur discussion and explore options for both countries to grow their artificial intelligence economies. This partnership will generate an estimated $20 billion USD in economic benefits during the next decade.

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