The UAE fintech market is forecast to grow from roughly $3 billion in 2024 to more than $5 billion by 2029, with over 320 fintech companies active nationwide. Central Bank data shows the country has climbed to fourth globally on the Global FinTech Centre Index, with over 75 firms licensed or approved across six categories.
UAE beverage and protein producer Al Ain Farms Group has unveiled a refreshed identity for Camelait and announced international agreements to expand production and commercial operations into China and Europe. In China, the brand established partnerships with Zhejiang Hengsheng Holding for distribution and Suzhou Biology Healthy Technology Co., Ltd for local manufacturing. The company also formed an academic research tie-up with Khalifa University and is progressing European joint-venture plans with Belgium-based Eurofit.
The Financial Services Regulatory Authority of Abu Dhabi Global Market has outlined its regulatory reform agenda through 2027, covering funds, digital assets, and decentralized finance. The roadmap introduces streamlined regimes for sub-threshold and institutional fund managers alongside forthcoming guidance on DeFi activities. ADGM currently hosts over 410 authorised financial institutions, with approximately 160 additional firms seeking authorisation.
The Financial Services Regulatory Authority of Abu Dhabi Global Market has signed a Memorandum of Understanding with the General Commercial Gaming Regulatory Authority. The agreement establishes a framework for regulatory coordination, information sharing, and supervisory oversight between the two entities. Both authorities will maintain independent legal mandates while addressing intersections in payment processing, anti-money laundering, and banking channels.
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