Gulf financial centers battle it out to be the region’s FinTech hub

May 9, 2018

 

 

LONDON: Gulf countries are vying to become the regional hub for fintech start-ups and entrepreneurs and are pouring money into educational campaigns; schemes to develop talent and trendy co-working spaces.

The region is racing to catch up with the global tech hubs of London and Silicon Valley, as well as individual countries competing with their neighbors to be the most attractive destination for Fintech firms.

In Dubai — typically seen as one of the region’s pioneers in fintech — the Dubai International Financial Center (DIFC) is set to accept applicat