UAE: Fintech (2nd Edition)

1. What are the sources of payments law in your jurisdiction? The United Arab Emirates (“UAE”) consists of “onshore” (“UAE Onshore”) and financial free zone jurisdictions, to which different sources of payments law apply. There are currently two financial free zones in the UAE: the Dubai International Financial Centre (the “DIFC”) and the Abu Dhabi…

Fintech and The Accelerator Culture in the UAE

Nadim Bardawil, Senior Associate of DIFC-headquartered BSA Ahmad Bin Hezeem & Associates weighs up incubator programmes and legislative pressures chasing fintech development. The United Arab Emirates (UAE) continues to position itself as a base for businesses involved in cutting-edge technology, ranging from artificial intelligence and robotics, to blockchain integration and driver-less vehicles. The UAE does…