Finance World Magazine| Edition: October 2024
This month, we are pleased to present the October edition of Finance World Magazine, focusing on "Embracing the Future of Investment in the Middle East." Our cover story features Eng. Yaser Al Nuaimi, Acting Head of Infrastructure Partnerships at the Abu Dhabi Investment Office, highlights how the Public-Private Partnerships initiative is reshaping the investment landscape of the UAE. In this issue, we explore the integration of AI and personal finance, Dubai's strategic vision for FinTech and advancements made in the healthcare sector, followed by a special feature on "Finance in 2040" - a captivating time capsule of financial predictions.
This month, we are pleased to present the October edition of Finance World Magazine, focusing on "Embracing the Future of Investment in the Middle East."
Our cover story features Eng. Yaser Al Nuaimi, Acting Head of Infrastructure Partnerships at the Abu Dhabi Investment Office, highlights how the Public-Private Partnerships initiative is reshaping the investment landscape of the UAE.
In this issue, we explore the integration of AI and personal finance, Dubai's strategic vision for FinTech and advancements made in the healthcare sector, followed by a special feature on "Finance in 2040" - a captivating time capsule of financial predictions.
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Fintech News<br />
UAE: BKN301 Group Teams Up with Damen to Launch NFC Payment Feature<br />
Damen, a prominent electronic<br />
payment firm, has partnered<br />
with BKN301 Group, a leading<br />
London-based digital payments and<br />
BaaS provider in the MENA region, to<br />
enhance the ‘Damen Cash’ app with a<br />
new NFC feature for gas bill payments.<br />
This update was showcased at the<br />
recent Seamless North Africa event,<br />
underscoring the companies’ long<br />
standing partnership and dedication to<br />
innovation. The enhancement arrives<br />
amidst a rapidly expanding fintech<br />
market in the Middle East and Africa,<br />
projected to reach a valuation of AED<br />
175.5B by 2029, with a CAGR of 21.42%<br />
from <strong>2024</strong> to 2029. Stiven Muccioli,<br />
CEO of BKN301, expressed pride in<br />
this development, emphasising the<br />
commitment to advancing fintech services<br />
and enhancing user experience<br />
through efficient, personalised financial<br />
solutions.<br />
Oxford Business Group and Arab Fintech Forum<br />
Partner for MENA Fintech Festival<br />
Oxford Business Group (OBG)<br />
has announced a strategic partnership<br />
with the Arab Fintech<br />
Forum for the upcoming MENA Fintech<br />
Festival <strong>2024</strong>, scheduled for December<br />
3-5 at the Qatar National Convention<br />
Centre in Doha. As the event’s research<br />
partner, OBG will deliver critical<br />
economic insights on Qatar’s digital<br />
financial services through its annual<br />
publication, The Report: Qatar 2025.<br />
This collaboration aims to highlight<br />
fintech’s importance in Qatar’s evolving<br />
financial landscape, providing global<br />
subscribers with data-driven insights<br />
into emerging trends. The three-day<br />
festival will feature diverse tracks, including<br />
Investors’ Oasis for connecting<br />
investors with fintech startups, Women<br />
in Fintech to celebrate female leadership,<br />
Startups Hive for showcasing<br />
innovations, and Fintech Bookshelf<br />
for exploring the latest fintech thought<br />
leadership.<br />
Apex Group Supports Phoenix Venture Partners’<br />
MENA Expansion<br />
Apex Group Limited has secured<br />
a licence from the Abu Dhabi<br />
Global Market (ADGM) for Phoenix<br />
Venture Partners, as announced.<br />
Phoenix Venture Partners Limited<br />
(PVP) is a technology venture capital<br />
firm focused on investing in disruptive<br />
digital technologies. The ADGM licence<br />
will enable PVP to leverage a robust<br />
market infrastructure and scale its<br />
operations within the MENA and GCC<br />
regions. Apex Group will assist Phoenix<br />
Ventures in establishing its Abu Dhabi<br />
operations and provide corporate and<br />
fund services for its upcoming fund<br />
launch. Glyn Gibbs, Apex’s Regional<br />
Head of Business Development for<br />
MENA, expressed pride in supporting<br />
Phoenix’s licence application, emphasising<br />
the new opportunities this will<br />
create. Steve Khayat, CEO of PVP,<br />
called the licence acquisition a strategic<br />
milestone to meet the rising demand<br />
for innovative investment solutions.<br />
Global <strong>Finance</strong> Leaders<br />
to Convene at Abu Dhabi<br />
<strong>Finance</strong> Week <strong>2024</strong><br />
Abu Dhabi <strong>Finance</strong> Week (ADFW)<br />
<strong>2024</strong> will gather over 300 global<br />
financial leaders, including CEOs<br />
and chairs from 50 major financial institutions,<br />
from 9 to 12 December <strong>2024</strong>. Hosted<br />
by Abu Dhabi Global Market (ADGM)<br />
and under the patronage of His Highness<br />
Sheikh Khaled bin Mohamed bin Zayed<br />
Al Nahyan, the event promises a stellar<br />
lineup of speakers. High-profile figures<br />
such as Sergio Ermotti, Group CEO of<br />
UBS; Bill Huffman, CEO of Nuveen; David<br />
Hunt, President and CEO of PGIM; and<br />
Ray Dalio, founder of Bridgewater, are<br />
confirmed to participate. Additionally,<br />
leaders from organisations like AXA<br />
IM, General Atlantic, Emirates NBD, and<br />
Investcorp will be present. Noteworthy<br />
attendees include Sheikha Shamma bint<br />
Sultan Bin Khalifa Al Nahyan and H.E.<br />
Abdulla Bin Touq AlMarri, UAE Minister<br />
of Economy.<br />
44 www.thefinanceworld.com Oct <strong>2024</strong>
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