The Finance World Magazine| Edition: April 2023
The April edition of The Finance World Magazine (TFW) delves into the world of disruptive investment and its potential to transform markets, featuring an exclusive interview with Hadif Abdullah Zamzam, Senior Associate – Value Creation, Disruptive Investments at Mubadala, who shares his insights on this topic. In addition, we feature interviews with prominent CEOs, including Nilay Ranjan Singh of State Bank India, DIFC, Raman Thiagarajan, CEO & Founder of Zenda, and Naveen Bharadwaj, Group CEO of Trescon. They provide valuable insights on various topics related to business and investments, particularly in the fintech area. Through this edition, we also bring you insights on topics like the UAE and Turkey CEPA agreement that sets the ground for novel business opportunities, cryptocurrency adoption in the UAE and how it is expected to disrupt trade and payment systems, buying and selling properties in Dubai and strategies to boost profitability, and many more articles that offer critical analysis and insights on current trends and issues in the business and investment domains. Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
The April edition of The Finance World Magazine (TFW) delves into the world of disruptive investment and its potential to transform markets, featuring an exclusive interview with Hadif Abdullah Zamzam, Senior Associate – Value Creation, Disruptive Investments at Mubadala, who shares his insights on this topic.
In addition, we feature interviews with prominent CEOs, including Nilay Ranjan Singh of State Bank India, DIFC, Raman Thiagarajan, CEO & Founder of Zenda, and Naveen Bharadwaj, Group CEO of Trescon. They provide valuable insights on various topics related to business and investments, particularly in the fintech area.
Through this edition, we also bring you insights on topics like the UAE and Turkey CEPA agreement that sets the ground for novel business opportunities, cryptocurrency adoption in the UAE and how it is expected to disrupt trade and payment systems, buying and selling properties in Dubai and strategies to boost profitability, and many more articles that offer critical analysis and insights on current trends and issues in the business and investment domains.
Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
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Cryptocurrency News<br />
Dubai Crypto Centre and TDeFi partner to Launch Web3 Accelerator Program<br />
<strong>The</strong> Dubai Crypto Centre (DCC)<br />
and TDeFi have partnered to<br />
launch a Web3 accelerator<br />
program in the region. <strong>The</strong><br />
program is aimed at supporting the<br />
growth of blockchain-based startups and<br />
decentralized finance (DeFi) projects. <strong>The</strong><br />
initiative will provide funding, mentorship,<br />
and other resources to early-stage startups<br />
working on Web3 technologies, such<br />
as blockchain, smart contracts, and<br />
decentralized applications. <strong>The</strong> DCC<br />
is a leading blockchain and crypto hub<br />
in Dubai, while TDeFi is a global DeFi<br />
ecosystem that provides access to liquidity<br />
and other financial services.<br />
Ras Al Khaimah Launches<br />
First Free Economic Zone<br />
for Virtual Assets in UAE<br />
Ras al-Khaimah (RAK), one of<br />
the seven Emirates of the UAE,<br />
is set to launch the world’s<br />
first free zone exclusively for<br />
digital and virtual asset companies. <strong>The</strong><br />
RAK Digital Assets Oasis (RAK DAO) is<br />
expected to attract global crypto players<br />
and support non-regulated activities<br />
related to virtual assets. <strong>The</strong> free zone,<br />
which is set to launch in the second<br />
quarter of <strong>2023</strong>, will provide a space<br />
for companies working with emerging<br />
technologies such as blockchain, Non-<br />
Fungible Tokens (NFTs), decentralized<br />
applications (dApps), and decentralized<br />
autonomous organizations (DAOs).<br />
Entrepreneurs will operate under their<br />
own tax and regulatory systems.<br />
Dubai’s Crypto Industry Boosts with New Licensing<br />
Regime amid Global Uncertainty<br />
Dubai is set to launch a new<br />
licensing regime for crypto<br />
firms, aimed at boosting the<br />
growth of the industry in the<br />
region. <strong>The</strong> Dubai Financial Services<br />
Authority (DFSA) announced that it<br />
will create a new framework for crypto<br />
asset trading platforms, custodians,<br />
and other intermediaries. <strong>The</strong> new<br />
rules will also cover security tokens,<br />
which are digital tokens backed by<br />
real-world assets. Dubai is one of the<br />
leading fintech and blockchain hubs<br />
in the world, and the new licensing<br />
regime is expected to attract more<br />
crypto firms to the region. <strong>The</strong> DFSA<br />
said it had been working on the new<br />
framework for some time, and had<br />
consulted with industry stakeholders.<br />
Al Dana Resort first in region to allow Crypto<br />
Payments<br />
Novotel Bahrain Al Dana<br />
Resort has made history by<br />
becoming the first hotel in the<br />
region to accept payments in<br />
cryptocurrency. This innovative move<br />
has been made possible by partnering<br />
with Eazy Financial Services, which<br />
will provide a range of electronic<br />
payment services to improve the hotel’s<br />
operations and offer an enhanced<br />
experience for customers. In addition<br />
to standard debit and credit cards, the<br />
hotel will also accept payments using<br />
crypto assets via the Binance app,<br />
making it the first hotel in Bahrain and<br />
the wider region to accept premium<br />
payments in a secure and regulated<br />
manner.<br />
58 www.thefinanceworld.com <strong>April</strong> <strong>2023</strong>
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