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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.

Dubai Internet City (DIC), the leading technology business community in the region, inaugurated a specialised platform dedicated to the National Association of Software and Services Companies (NASSCOM), in the presence of Navdeep Singh Suri, Ambassador of India in the UAE, Debjani Ghosh, President of NASSCOM, Malek Al Malek, Group CEO of TECOM Group, Abdulla Belhoul, CEO of TECOM Group and Ammar Al Malik Managing Director of DIC and Dubai Outsource City (DOC).   

As part of its commitment to promote innovative Qatari entrepreneurs and diversify the economy, Qatar Development Bank is launching the “QDB Investment Forum”, which is going to be held on the May 1, 2018, at the Hilton Hotel in Doha. During the Forum, Qatari Entrepreneurs, both start-ups as well as established ones, will meet with local and international investors, including international VC funds and QDB. The bank will reflect upon its achievements in contributing towards the development of Entrepreneurial Ecosystem in Qatar during the event.

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