Colors: Blue Color

Paras Shahdadpuri, a veteran in the India - UAE business scenario has taken over as the President of Business Leaders Forum (BLF) - UAE w.e.f. March 1, in the presence of HE Shri Vipul Consul General of India & amidst top Indian and UAE Business Leaders who were present for the reception held in Dubai. The reins baton was handed over by Dr. Ram Buxani who led BLF for the year.

Latest figures by Bloomberg Intelligence revealed that the UAE has topped the list of countries in the Middle East with the highest number of financial technology (fintech) startups to date at 67. The UAE was followed by Turkey at 44 and Jordan and Lebanon at 30 each. Overall, the number of fintech startups in the region is forecasted to expand from 96 in 2019 to 465 by 2020, with a separate report, an Accenture analysis based on CBI Insights data, predicting that investments in the fintech sector will jump to USD 2.28 billion by 2022 from USD 287 million in 2019.

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