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Mid East Info
21-02-2025
- Business
- Mid East Info
DIFC unveils flagship Future of Finance report series, publishes first report on the Global Finance and Investment Outlook
default First report in six-part Future of Finance series highlights emerging trends, shifting capital flows and high-growth opportunities in the global financial landscape. Dubai, United Arab Emirates;February 2025: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, in collaboration with its research partner Asia House, reveals the key drivers behind the deep and broad transformation of the global financial services industry across sectors and geographies in a report released today titled The Global Finance and Investment Outlook: Charting technological shifts and new global flows . The first report has been informed by comprehensive network-based research as well as first-hand perspectives of global financial services leaders who are part of DIFC's financial services related ecosystem. It highlights global financial trends shaping the flow of capital and talent, reveals emerging growth corridors, discusses geoeconomic uncertainties, and provides an overarching outlook for the future of the industry. Commenting on launch of the report series, Salmaan Jaffery, Chief Business Development Officer, DIFC Authority, said: 'The global financial services industry is in a new era. Through our Future of Finance series, we will share insights on how the industry is experiencing rapid and far-reaching transformation, fuelled by a redrawing of the global capital landscape. Our inaugural report discusses a shift of the economic centre of gravity eastwards, the emergence of new economic corridors, expectations from talent, and the revolutionary impact of AI. Against this backdrop, Dubai and DIFC hold a distinctive position in the future of finance as the gateway to the region's emerging economies and a centre for global wealth and capital, strategically positioned between East and West.' Michael Lawrence OBE, Chief Executive, Asia House, added: 'The global financial services sector is evolving rapidly in the face of geographical and structural shifts and advances in technology. The Future of Finance series examines the impact of these profound changes and the way in which financial services are adapting. Our first report explores the key trends and risks that need to be at the forefront of thinking among global finance leaders. We are delighted to be partnering with DIFC in this important research.' Strong outlook for finance and investment: The report states that in an evolving economic environment, financial services firms are looking for an environment that is conducive to scalable growth, with forward-thinking regulations, a strong legal framework, strategic location and high-growth opportunities backed by skilled talent and innovation readiness. Shifts in capital allocation and growing investor interest in private markets are also explored with Dubai positioned favourably due to its status as home to the region's highest concentration of wealth. DIFC provides financial services companies access to USD 4trn worth of private and family wealth, and is playing an important role in converting these large pools of regional wealth into investable capital. The report explores global monetary policy, emerging market opportunities and new growth corridors that are reshaping the financial services industry. It discusses the impact of artificial intelligence (AI) and digitisation, Islamic Finance, sustainable finance, private credit, and far-reaching influences of geoeconomic relations between major economies of the east and west. Navigating uncertainties: Providing an overview of the geoeconomic shifts and uncertain market conditions impacting the world, the report gives an account of risks to navigate. These include interest rate movements, inflationary pressures, protectionism and bridging of the talent gap in the financial services sector. It also highlights the movement of wealth across geographies, the factors causing these shifts, and implications for the financial services sector. Emerging trends: AI and emerging technologies are expected to have the biggest impact on finance. AI is set to contribute USD 15.7trn to the global economy by 2030 and the financial services sector is expected to reap the most benefits – unlocking new revenue streams, improving customer experience, enhancing operational efficiency, and reducing costs. One of the biggest challenges to AI adoption is inconsistent standards of regulation. The transformative potential of AI in financial services can only be realised with clear and robust regulations. Dubai is showing leadership in this space, and a good example is DIFC introducing the world's first Digital Assets Law. The Centre also announced a first-of-its-kind Dubai AI Licence and the 'AI as a Service' model with both initiatives envisioned to propel Dubai's supportive and growth-enabling innovation ecosystem. Over the last 20 years, DIFC has expanded into a dynamic global ecosystem that supports innovation, collaboration, and sustainable development. As Dubai launched the Dubai Universal Blueprint for Artificial Intelligence, DIFC accelerated the momentum for the integration of artificial intelligence within industries and strengthened its position of being the largest AI, FinTech and innovation ecosystem in the region. About Dubai International Financial Centre: Dubai International Financial Centre (DIFC) is one of the world's most advanced financial centres, and the leading financial hub for the Middle East, Africa, and South Asia (MEASA), which comprises 77 countries with an approximate population of 3.7bn and an estimated GDP of USD 10.5trn. With a 20-year track record of facilitating trade and investment flows across the MEASA region, the Centre connects these fast-growing markets with the economies of Asia, Europe, and the Americas through Dubai. DIFC is home to an internationally recognised, independent regulator and a proven judicial system with an English common law framework, as well as the region's largest financial ecosystem of 46,000 professionals working across over 6,900 active registered companies – making up the largest and most diverse pool of industry talent in the region. The Centre's vision is to drive the future of finance through cutting-edge technology, innovation, and partnerships. Today, it is the global future of finance and innovation hub offering one of the region's most comprehensive FinTech and venture capital environments, including cost-effective licensing solutions, fit-for-purpose regulation, innovative accelerator programmes, and funding for growth-stage start-ups. Comprising a variety of world-renowned retail and dining venues, a dynamic art and culture scene, residential apartments, hotels, and public spaces, DIFC continues to be one of Dubai's most sought-after business and lifestyle destinations.
Zawya
21-02-2025
- Business
- Zawya
DIFC unveils flagship future of finance report series
DUBAI - Dubai International Financial Centre (DIFC) in collaboration with its research partner Asia House, reveals the key drivers behind the deep and broad transformation of the global financial services industry across sectors and geographies in a report released today titled The Global Finance and Investment Outlook: Charting technological shifts and new global flows. The first report has been informed by comprehensive network-based research as well as first-hand perspectives of global financial services leaders who are part of DIFC's financial services related ecosystem. It highlights global financial trends shaping the flow of capital and talent, reveals emerging growth corridors, discusses geoeconomic uncertainties, and provides an overarching outlook for the future of the industry. Commenting on launch of the report series, Salmaan Jaffery, Chief Business Development Officer, DIFC Authority, said, 'The global financial services industry is in a new era. Through our Future of Finance series, we will share insights on how the industry is experiencing rapid and far-reaching transformation, fuelled by a redrawing of the global capital landscape. Our inaugural report discusses a shift of the economic centre of gravity eastwards, the emergence of new economic corridors, expectations from talent, and the revolutionary impact of AI. Against this backdrop, Dubai and DIFC hold a distinctive position in the future of finance as the gateway to the region's emerging economies and a centre for global wealth and capital, strategically positioned between East and West.' Michael Lawrence OBE, Chief Executive, Asia House, added, 'The global financial services sector is evolving rapidly in the face of geographical and structural shifts and advances in technology. The Future of Finance series examines the impact of these profound changes and the way in which financial services are adapting. Our first report explores the key trends and risks that need to be at the forefront of thinking among global finance leaders. We are delighted to be partnering with DIFC in this important research.' The report states that in an evolving economic environment, financial services firms are looking for an environment that is conducive to scalable growth, with forward-thinking regulations, a strong legal framework, strategic location and high-growth opportunities backed by skilled talent and innovation readiness. Shifts in capital allocation and growing investor interest in private markets are also explored with Dubai positioned favourably due to its status as home to the region's highest concentration of wealth. DIFC provides financial services companies access to USD 4trn worth of private and family wealth, and is playing an important role in converting these large pools of regional wealth into investable capital. The report explores global monetary policy, emerging market opportunities and new growth corridors that are reshaping the financial services industry. It discusses the impact of artificial intelligence (AI) and digitisation, Islamic Finance, sustainable finance, private credit, and far-reaching influences of geoeconomic relations between major economies of the east and west. Providing an overview of the geoeconomic shifts and uncertain market conditions impacting the world, the report gives an account of risks to navigate. These include interest rate movements, inflationary pressures, protectionism and bridging of the talent gap in the financial services sector. It also highlights the movement of wealth across geographies, the factors causing these shifts, and implications for the financial services sector.
Zawya
20-02-2025
- Business
- Zawya
AI to have biggest impact on finance sector says report
AI and emerging technologies are expected to have the biggest impact on the finance sector, according to the Future of Finance report, published by Dubai International Financial Centre (DIFC) in collaboration with its research partner Asia House. AI is set to contribute $15.7 trillion to the global economy by 2030 and the financial services sector is expected to reap the most benefits - unlocking new revenue streams, improving customer experience, enhancing operational efficiency, and reducing costs, it said. The report, titled the Global Finance and Investment Outlook: Charting technological shifts and new global flows, reveals the key drivers behind the deep and broad transformation of the global financial services industry across sectors and geographies. The first report has been informed by comprehensive network-based research as well as first-hand perspectives of global financial services leaders who are part of DIFC's financial services related ecosystem. It highlights global financial trends shaping the flow of capital and talent, reveals emerging growth corridors, discusses geoeconomic uncertainties, and provides an overarching outlook for the future of the industry. Commenting on launch of the report series, Salmaan Jaffery, Chief Business Development Officer, DIFC Authority, said: 'The global financial services industry is in a new era. Through our Future of Finance series, we will share insights on how the industry is experiencing rapid and far-reaching transformation, fuelled by a redrawing of the global capital landscape. Our inaugural report discusses a shift of the economic centre of gravity eastwards, the emergence of new economic corridors, expectations from talent, and the revolutionary impact of AI. Against this backdrop, Dubai and DIFC hold a distinctive position in the future of finance as the gateway to the region's emerging economies and a centre for global wealth and capital, strategically positioned between East and West.' Michael Lawrence OBE, Chief Executive, Asia House, added: 'The global financial services sector is evolving rapidly in the face of geographical and structural shifts and advances in technology. The Future of Finance series examines the impact of these profound changes and the way in which financial services are adapting. Our first report explores the key trends and risks that need to be at the forefront of thinking among global finance leaders. We are delighted to be partnering with DIFC in this important research.' Strong outlook for finance and investment The report states that in an evolving economic environment, financial services firms are looking for an environment that is conducive to scalable growth, with forward-thinking regulations, a strong legal framework, strategic location and high-growth opportunities backed by skilled talent and innovation readiness. Shifts in capital allocation and growing investor interest in private markets are also explored with Dubai positioned favourably due to its status as home to the region's highest concentration of wealth. DIFC provides financial services companies access to $4 trillion worth of private and family wealth, and is playing an important role in converting these large pools of regional wealth into investable capital. The report explores global monetary policy, emerging market opportunities and new growth corridors that are reshaping the financial services industry. It discusses the impact of artificial intelligence (AI) and digitisation, Islamic Finance, sustainable finance, private credit, and far-reaching influences of geoeconomic relations between major economies of the east and west. Navigating uncertainties Providing an overview of the geoeconomic shifts and uncertain market conditions impacting the world, the report gives an account of risks to navigate. These include interest rate movements, inflationary pressures, protectionism and bridging of the talent gap in the financial services sector. It also highlights the movement of wealth across geographies, the factors causing these shifts, and implications for the financial services sector. AI challenges One of the biggest challenges to AI adoption is inconsistent standards of regulation. The transformative potential of AI in financial services can only be realised with clear and robust regulations, the report says. Dubai is showing leadership in this space, and a good example is DIFC introducing the world's first Digital Assets Law. The Centre also announced a first-of-its-kind Dubai AI Licence and the 'AI as a Service' model with both initiatives envisioned to propel Dubai's supportive and growth-enabling innovation ecosystem. Over the last 20 years, DIFC has expanded into a dynamic global ecosystem that supports innovation, collaboration, and sustainable development. As Dubai launched the Dubai Universal Blueprint for Artificial Intelligence, DIFC accelerated the momentum for the integration of artificial intelligence within industries and strengthened its position of being the largest AI, FinTech and innovation ecosystem in the region. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Hi Dubai
20-02-2025
- Business
- Hi Dubai
DIFC and Asia House Unveil Key Trends Shaping Global Finance
Dubai International Financial Centre (DIFC), in collaboration with research partner Asia House, has released a groundbreaking report titled The Global Finance and Investment Outlook: Charting Technological Shifts and New Global Flows. The report highlights transformative trends in the global financial services industry and examines emerging growth corridors, geoeconomic uncertainties, and the future of capital and talent flows. Salmaan Jaffery, Chief Business Development Officer at DIFC Authority, emphasized the rapid transformation of global finance, citing the eastward shift of economic power, the rise of new economic corridors, and the revolutionary impact of AI. He positioned Dubai and DIFC as key players in shaping the future of finance, strategically bridging economies between East and West. Michael Lawrence OBE, Chief Executive of Asia House, underscored the significance of the research, stating that the Future of Finance series will explore structural and technological shifts affecting financial services. The report provides insights for global finance leaders navigating economic uncertainties and emerging opportunities. Investment and Economic Outlook The report outlines how financial firms are seeking scalable growth opportunities backed by forward-thinking regulations, a strong legal framework, and innovation-driven talent. Dubai's status as a financial hub is reinforced by its access to USD 4 trillion in private and family wealth, positioning DIFC as a key player in converting regional wealth into investable capital. Key financial trends include shifts in global monetary policy, the increasing role of Islamic and sustainable finance, and growing interest in private credit. The report also identifies AI and digitization as major forces reshaping financial services, predicting AI will contribute USD 15.7 trillion to the global economy by 2030. AI and Regulatory Innovation While AI presents significant opportunities, inconsistent regulations remain a challenge. DIFC is leading efforts to address this with initiatives like the world's first Digital Assets Law and the recently launched Dubai AI Licence. These measures aim to position Dubai as a leader in AI-driven financial innovation. Over the past two decades, DIFC has evolved into a global hub for finance, fintech, and AI-driven innovation. With Dubai's Universal Blueprint for AI, DIFC continues to drive technological integration and strengthen its role as the region's premier financial ecosystem. News Source: Dubai Media Office
Trade Arabia
20-02-2025
- Business
- Trade Arabia
AI to have biggest impact on finance sector says report
AI and emerging technologies are expected to have the biggest impact on the finance sector, according to the Future of Finance report, published by Dubai International Financial Centre (DIFC) in collaboration with its research partner Asia House. AI is set to contribute $15.7 trillion to the global economy by 2030 and the financial services sector is expected to reap the most benefits - unlocking new revenue streams, improving customer experience, enhancing operational efficiency, and reducing costs, it said. The report, titled the Global Finance and Investment Outlook: Charting technological shifts and new global flows, reveals the key drivers behind the deep and broad transformation of the global financial services industry across sectors and geographies. The first report has been informed by comprehensive network-based research as well as first-hand perspectives of global financial services leaders who are part of DIFC's financial services related ecosystem. It highlights global financial trends shaping the flow of capital and talent, reveals emerging growth corridors, discusses geoeconomic uncertainties, and provides an overarching outlook for the future of the industry. Commenting on launch of the report series, Salmaan Jaffery, Chief Business Development Officer, DIFC Authority, said: 'The global financial services industry is in a new era. Through our Future of Finance series, we will share insights on how the industry is experiencing rapid and far-reaching transformation, fuelled by a redrawing of the global capital landscape. Our inaugural report discusses a shift of the economic centre of gravity eastwards, the emergence of new economic corridors, expectations from talent, and the revolutionary impact of AI. Against this backdrop, Dubai and DIFC hold a distinctive position in the future of finance as the gateway to the region's emerging economies and a centre for global wealth and capital, strategically positioned between East and West.' Michael Lawrence OBE, Chief Executive, Asia House, added: 'The global financial services sector is evolving rapidly in the face of geographical and structural shifts and advances in technology. The Future of Finance series examines the impact of these profound changes and the way in which financial services are adapting. Our first report explores the key trends and risks that need to be at the forefront of thinking among global finance leaders. We are delighted to be partnering with DIFC in this important research.' Strong outlook for finance and investment The report states that in an evolving economic environment, financial services firms are looking for an environment that is conducive to scalable growth, with forward-thinking regulations, a strong legal framework, strategic location and high-growth opportunities backed by skilled talent and innovation readiness. Shifts in capital allocation and growing investor interest in private markets are also explored with Dubai positioned favourably due to its status as home to the region's highest concentration of wealth. DIFC provides financial services companies access to $4 trillion worth of private and family wealth, and is playing an important role in converting these large pools of regional wealth into investable capital. The report explores global monetary policy, emerging market opportunities and new growth corridors that are reshaping the financial services industry. It discusses the impact of artificial intelligence (AI) and digitisation, Islamic Finance, sustainable finance, private credit, and far-reaching influences of geoeconomic relations between major economies of the east and west. Navigating uncertainties Providing an overview of the geoeconomic shifts and uncertain market conditions impacting the world, the report gives an account of risks to navigate. These include interest rate movements, inflationary pressures, protectionism and bridging of the talent gap in the financial services sector. It also highlights the movement of wealth across geographies, the factors causing these shifts, and implications for the financial services sector. AI challenges One of the biggest challenges to AI adoption is inconsistent standards of regulation. The transformative potential of AI in financial services can only be realised with clear and robust regulations, the report says. Dubai is showing leadership in this space, and a good example is DIFC introducing the world's first Digital Assets Law. The Centre also announced a first-of-its-kind Dubai AI Licence and the 'AI as a Service' model with both initiatives envisioned to propel Dubai's supportive and growth-enabling innovation ecosystem.
