MENA Fintech Association

Latest News

Dubai’s Sheikh Hamdan Unveils Ambitious AI Initiatives

Sheikh Hamdan bin Mohammed has announced new digital economy initiatives aimed at positioning Dubai as a global leader in artificial intelligence. This move is part of a broader strategy to empower 295,000 companies and deliver 100 AI agents within two years, reflecting a commitment to innovation and economic growth. The implications of these initiatives will be significant, as they are expected to attract international investment and talent to the region.

Read More »

Dubai’s Sheikh Hamdan Unveils Ambitious AI Initiatives

Sheikh Hamdan bin Mohammed has announced new digital economy initiatives aimed at positioning Dubai as a global leader in artificial intelligence. This move is part of a broader strategy to empower 295,000 companies and deliver 100 AI agents within two years, reflecting a commitment to innovation and economic growth. The implications of these initiatives will be significant, as they are expected to attract international investment and talent to the region.

Read More »

UNITAR Launches First Cybersecurity Office in Riyadh

The United Nations Institute for Training and Research (UNITAR) has established its first office dedicated to cybersecurity in Riyadh, Saudi Arabia. This initiative is part of a broader effort to enhance training and research capabilities in the cybersecurity sector, reflecting Saudi Arabia’s leadership in this field. Moving forward, potential partnerships with local firms and future training programs will be key developments to watch.

Read More »

Dubai’s Ambitious AI Plan to Transform 295,000 Companies

Dubai has unveiled a transformative Agentic AI plan aimed at supporting 295,000 companies with the introduction of 100 AI assistants and the establishment of 50 new AI firms. This initiative is driven by Sheikh Hamdan’s vision to digitize government services and enhance the UAE’s technological landscape. The broader implication is that this move positions the UAE as a leader in digital transformation within the MENA region, with significant impacts expected on both public and private sectors.

Read More »

UAE Sets Ambitious 50% Agentic AI Goal by 2030

The UAE has announced a goal to achieve 50% agentic AI integration across various sectors by 2030. This initiative is driven by the country’s ambition to lead in AI governance and innovation, with 68% of businesses already adopting AI governance frameworks faster than global peers. As the UAE continues to invest in AI, the region should watch for developments in its regulatory landscape and the implementation of these frameworks.

Read More »

Princess Maha Bint Mishari Takes Helm at FII Institute

The Future Investment Initiative (FII) Institute has appointed Princess Dr. Maha bint Mishari bin Abdulaziz as its new CEO, marking a significant leadership change. This appointment comes as the institute aims to enhance its global presence and drive innovation across various sectors. Observers will be watching for new investment strategies and the impact of her leadership on gender representation in Saudi Arabia.

Read More »

Saudi Arabia’s GDP Grows 3% in Q1 2026 Amid Diversification

The Saudi economy grew by 3% in the first quarter of 2026 compared to the same period in 2025. This growth was driven by both oil and non-oil sectors, reflecting a stable economic environment amidst regional challenges. Moving forward, attention will be on how non-oil sectors continue to influence future growth and economic diversification efforts.

Read More »

Abu Dhabi Judicial Department Launches AI Projects for Efficiency

The Abu Dhabi Judicial Department (ADJD) has launched new artificial intelligence (AI) projects aimed at streamlining judicial procedures and enhancing public services in Abu Dhabi. This initiative reflects a commitment to modernizing the legal framework and improving efficiency in service delivery. As the ADJD moves forward with its AI initiatives, it is likely to set a precedent for other governmental departments in the UAE, potentially leading to widespread digital transformation across various public services.

Read More »

Dubai’s Crown Prince Champions AI at Financial Centre Visit

Sheikh Hamdan bin Mohammed visited the Dubai International Financial Centre (DIFC) to discuss its strategic initiatives for advancing AI in finance. This visit reflects Dubai’s commitment to enhancing its economic competitiveness and fostering innovation in the financial sector. As Dubai continues to invest in technology, the focus will be on further developments in DIFC’s AI strategy and potential partnerships with tech firms.

Read More »

Saudi Arabia’s Waqf Model: A Blueprint for Global Growth

Abdullah Saleh Kamel urged countries to adopt Saudi Arabia’s waqf model for sustainable development during a speech in Istanbul. His call highlights the potential of waqf as a tool for generating and distributing wealth, reflecting a shift towards innovative economic models. The global community may increasingly look to Saudi Arabia’s approach as a framework for sustainable economic development.

Read More »