Singapore and UAE Financial centers collaborate on Fintech and Digitalization. UAE is Singapore’s Largest Middle East Trading Partner

Introduction: Are UAE, Singapore, and Hong Kong truly well-positioned to benefit from BRICS members as financial and business collaboration centers?

Considering their strategic geographic locations, robust financial infrastructure, and commitment to innovation and collaboration, have these countries already come together?

And are they working to drive sustainable growth, promote financial inclusion, and shape the future of finance?

These are questions worth serious attention.

Here are some resources we have put together for you to consider and make the judgment if this has already taken place…

Below excerpt article From the Ministry of Trade and Industry Singapore (2023, February 8). Singapore and the United Arab Emirates deepen collaboration at the 14th Abu Dhabi-Singapore Joint Forum

“The UAE continues to be Singapore’s largest trading partner and investment destination in the Middle East, with bilateral trade amounting to S$29.8 billion in 2022, a 34.2% year-on-year increase”

“Digitalisation and Fintech. The Infocomm Media Development Authority (IMDA) and Monetary Authority of Singapore (MAS) are working with the Abu Dhabi Global Market (ADGM) on Phase II of the exchange of digital trade documents utilising Singapore’s TradeTrust framework in live transactions conducted between Singapore and Abu Dhabi. In addition, the NUS Asian Institute of Digital Finance and ADGM Academy are collaborating on Fintech solutions under an MOU signed in March 2022, which entails joint research of real-world problems facing the financial services sector.”

To read the full press release, click here
Photo by

Legal Disclaimer: INFYNIT is providing the content here for educational purposes only. All opinions are of the original author and not an opinion of INFYNIT or any of its affiliates.