Dubai Finance (DOF) and the Dubai International Financial Centre (DIFC) have officially signed a Memorandum of Understanding (MoU) aimed at enhancing the implementation of Dubai’s Cashless Strategy. This partnership is expected to support the growth of digital payment solutions within the emirate, aligning with the government’s vision for a more digitally enabled economy. Credit: Travel...
Dubai has announced its ambitious plan to transition into a cashless city, where all payments across both government and private sectors will be made digitally. This significant initiative was revealed during a meeting of The Executive Council of Dubai, chaired by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, on Tuesday, October 1. A key...
Dubai’s Department of Finance has entered into an agreement with Crypto.com, a global cryptocurrency trading platform, to facilitate the payment of government service fees using cryptocurrency. This agreement was formalized through a Memorandum of Understanding signed at the Dubai FinTech Summit, where senior officials were present. Once the new system is implemented, both individuals and...
The Dubai Economy and Tourism (DET) and Dubai Finance have introduced the ‘Dubai In-Country Value Programme’ aimed at enhancing opportunities for local manufacturers through government procurement processes. This initiative is designed to strengthen the local manufacturing sector by directing a portion of government spending towards domestic producers. The programme seeks to incentivize local businesses by...
Dubai Finance has announced the opening of registration for the fourth cohort of the Furas Programme. This initiative aims to equip Emirati graduates with essential skills that align with current job market demands. The programme is designed to prepare fresh Emirati talent for successful careers in various sectors. Aref Ahli, a representative from Dubai Finance,...