DIFC and Start-Up Nation Central to promote innovation-based business relations between UAE and Israel

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Commitment to advance market access for high-tech companies with a focus on FinTech innovation

Posted: October 21, 2021 @ 4:09 am EDT|Update: 2 hours ago

DUBAI, United Arab Emirates, 21 October 2021 / PRNewswire / – Dubai International Financial Center (DIFC), the world’s leading financial center Middle East, Africa and South Asia region and Tel AvivThe nonprofit Start-Up Nation Central today announced the signing of an agreement to build new bridges between the United Arab Emirates and Israel for innovation.

Leaders of Start-Up Nation Central and DIFC at the signing event in Dubai (Courtesy of Start-Up Nation Central) (PRNewsfoto / Start-Up Nation Central (SNC))

During a ceremony held at the DIFC, Eliran Elimelech, central vice-president of strategic partnerships of Start-Up Nation and director of business development of the DIFC Salman jaffery signed the agreement and pledged to work together to promote trade agreements for the benefit of the two nations, particularly in the areas of FinTech and digital security.

As part of the DIFC Innovation Hub, the Center offers the region’s most comprehensive FinTech and venture capital environments, including innovative acceleration programs at FinTech Hive, providing start-ups with a bridge to UAE markets. Arab States, regional and global. Over 60% of all GCC FinTech and Innovation firms are based at DIFC. Israel is a globally recognized leader in innovative FinTech solutions home to more than 530 start-ups that apply cutting-edge technologies such as data science, biometrics, blockchain and cybersecurity to disrupt traditional sectors of banking, finance and insurance. As part of the agreement, the parties have undertaken to facilitate presentations and mutual referrals of companies interested in expanding their operations in their respective jurisdictions. This includes programs such as regulatory sandboxes and accelerators to help providers of innovative solutions enter the market.

Arif Amiri, CEO of DIFC Authority, said: “Today we have the opportunity to strengthen trade relations between the United Arab Emirates and Israel, especially in the FinTech sector. As the region’s hub for financial services, FinTech and innovation, DIFC is well regarded for the promotion and development of innovative and disruptive businesses that have the potential to be the region’s next unicorns. Our partnership with Start-Up Nation Central will allow us to foster a culture of collaboration between entrepreneurs and innovators from both countries and further build a dynamic ecosystem to advance the FinTech sector. “

Avi Hasson, CEO of Start-Up Nation Central, said: “DIFC is a strategic partner in innovative technologies in general and FinTech in particular. Following the anniversary of the Abrahamic Accords, we see this accord as a manifestation of innovation diplomacy efforts in the region. in results in the field. “

Representatives of Start-Up Nation Central are currently in Dubai participate in the annual GITEX technology conference and trade fair. They attend the event with a delegation of 30 Israeli entrepreneurs and investors who are part of the UAE-IL Tech Zone, a community of innovators from the two countries that Start-Up Nation Central supports.

About the Dubai International Financial Center

The Dubai International Financial Center (DIFC) is one of the most advanced financial centers in the world and the main financial center for the Middle East, Africa and South Asia (MEASA), which includes 72 countries with a population of around 3 billion people and an estimated GDP of $ 7,700 billion.

With 17 years of experience in facilitating trade and investment flows in the MEASA region, the Center connects these fast-growing markets to the economies of Asia, Europe and the Americas through Dubai.

The DIFC is home to an internationally renowned independent regulator and proven judicial system with an English common law framework, as well as the region’s largest financial ecosystem of nearly 28,000 professionals working in more than 3,200 active registered companies – making up the largest and most diverse pool. industry talent in the region.

The Centre’s vision is to lead the future of finance through advanced technology, innovation and partnerships. Today 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, regulatory adapted, innovative accelerator programs and funding for the start of the growth phase. -UPS.

Comprising a variety of world-class retail and dining, a vibrant arts and culture scene, residential apartments, hotels and public spaces, DIFC continues to be one of the that of Dubai the most sought after business and lifestyle destinations.

For more information, please visit our website: difc.ae, or follow us on Twitter @DIFC.

About Start-Up Nation Central

Start-Up Nation Central is the address for businesses, governments and investors to connect with the Israeli tech ecosystem. Start-Up Nation Central catalyzes growth opportunities by bringing Israeli technological innovation to global business and societal challenges. Created in 2013 and based in Tel Aviv, Israel, Start-Up Nation Central is a non-profit, philanthropy-funded organization.

Start-up nation search is a free online platform to identify and engage Israeli tech organizations based on specific client interests. This business innovation platform is a comprehensive knowledge center on Israeli start-ups, investors, acceleration centers, multinational companies and technological innovation associated with academic research. The open source platform provides up-to-date information and information on thousands of active Israeli tech companies.

Photo – https://mma.prnewswire.com/media/1666782/Start_Up_Nation_Central_and_DIFC_Executives.jpg

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SOURCE Start-Up Nation Central (SNC)

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