{"id":91677,"date":"2024-05-06T00:00:00","date_gmt":"2024-05-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank\/"},"modified":"2024-05-06T00:00:00","modified_gmt":"2024-05-06T00:00:00","slug":"dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank\/","title":{"rendered":"Dubai fintech summit kicks off + FAB eyeing a stake in Yes Bank?"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Good morning, nice people. <\/strong><span style=\"background-color: transparent;\">We hope you had a relaxing weekend, and a wonderful Orthodox Easter for those celebrating.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY AT HOME over the weekend is the UAE\u2019s non-oil private sector seeing slower growth in April<\/strong> on the back of business disruptions due to the storm. Also worth your attention: <strong>Mubadala Capital<\/strong> has earmarked USD 13.5 bn in investments in Brazil; and <strong>Etihad Airways <\/strong>tapped more advisors for its IPO. <\/p>\n<p class=\"tag-border-left\"> PUBLIC SERVICE ANNOUNCEMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- We\u2019re in for a hot and sunny week, with a chance of light rain: <\/strong>This week\u2019s weather will be mostly sunny, though the <a target=\"_blank\" href=\"https:\/\/twitter.com\/ncmuae\/status\/1786841122712498186\" style=\"\" rel=\"noopener\">National Center of Meteorology<\/a> forecasts some clouds and the possibility of rainfall and light to moderate winds, especially in the southern and western regions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Temperatures today will hit 37\u00b0C in Dubai<\/strong>, with an overnight low of 27\u00b0C, and 38\u00b0C in <strong>Abu Dhabi<\/strong>, before cooling to an overnight low of 29\u00b0C. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Environment Ministry to address post-storm mosquito madness:<\/strong> In response to the widespread increase in mosquitoes after last month\u2019s heavy rains and flooding, the Environment Ministry, the National Emergency, Crisis and Disaster Management Authority, and local authorities are ramping up efforts to eradicate mosquito breeding grounds, according to an <a target=\"_blank\" href=\"https:\/\/twitter.com\/MoCCaEUAE\/status\/1786661668543455671?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1786661668543455671%7Ctwgr%5E02cc586b848e5898291b3e9935afb33d56623abc%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fgulfnews.com%2Fuae%2Fenvironment%2Fuae-eradicating-mosquito-breeding-hot-spots-after-heavy-rains-1.102460956\" style=\"\" rel=\"noopener\">X post<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Dubai has <\/strong><strong><a target=\"_blank\" href=\"https:\/\/twitter.com\/DMunicipality\/status\/1786687793114100055\" style=\"\" rel=\"noopener\">announced<\/a><\/strong><strong> amended hours for lakeside parks, residential parks, and <\/strong><strong>playgrounds. <\/strong>Leisure spots will now open from 8am to 11pm, Monday through Thursday, and until midnight on Fridays, Saturdays, and public holidays.<\/p>\n<p class=\"tag-border-left\"> HAPPENING TODAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#1- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/dubaifintechsummit.com\/\" style=\"\" rel=\"noopener\">Dubai Fintech Summit 2024<\/a><\/strong><strong> kicks off today and will run through tomorrow<\/strong> at Madinat Jumeirah. The summit will host over 300 thought leaders on five stages and present tech from 200+ exhibitors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Sharjah + Dubai trade missions heading to Asia:<\/strong> A trade delegation from the Sharjah Chamber of Commerce and Industry led by Chairman Abdullah Sultan Al Owais landed in India yesterday and will be there until Friday, 10 May, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b2xmncj-sharjah-chamber-dispatch-trade-mission-india-5th\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The mission will be looking to strengthen economic ties and explore potential investments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>At the same time, a Dubai International Chamber trade mission will head to Indonesia and Vietnam<\/strong> to help local companies grow in these markets, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b2y82gf-dubai-international-chamber-gears-lead-trade\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The Arab Tourism Media Awards kicks off today and runs through to Thursday, 9 May,<\/strong> at the Dubai International Convention and Exhibition Centre, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/it\/article\/b2x17qq-dubai-set-host-arab-tourism-media-awards-2024\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The Arab Union of Tourist Media will present awards to 34 Arab personalities, tourism institutions, and cities that have contributed to the tourism industry in the Arab region. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- The Arabian Travel Market also kicks off today and runs until Thursday at the Dubai World Trade Center <\/strong>under the theme Transforming Travel Through Entrepreneurship. The event will focus on issues relating to entrepreneurial strategies.<\/p>\n<p class=\"tag-border-left\"> THE BIG STORY ABROAD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Negotiators from Egypt, the United States, and Qatar are working overtime <\/strong>to prevent indirect talks between Hamas and Israel from collapsing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hamas <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.axios.com\/2024\/05\/05\/israel-hamas-hostage-ceasefire-deal-talks-risk-collapse\" style=\"\" rel=\"noopener\">left Cairo<\/a><\/strong><strong> last night for Doha. <\/strong>The group said talks in Egypt had been \u201cin-depth and serious,\u201d but that no agreement had been reached. Politico reports that Israeli Defense Minister <strong><a target=\"_blank\" href=\"https:\/\/www.politico.com\/news\/2024\/05\/05\/hamas-latest-cease-fire-talks-ended-00156181\" style=\"\" rel=\"noopener\">Yoav Gallant claims Hamas wasn\u2019t serious about a ceasefire agreement<\/a><\/strong> and warned of \u201ca powerful operation in the very near future in Rafah and other places across all of Gaza.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s not clear whether talks are continuing in Doha. <\/strong>CIA chief Bill Burns was also in Caro over the weekend \u2014 and also left yesterday for the Qatari capital. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bottom line: <\/strong>\u201cHamas blamed the lack of progress on Mr. Netanyahu, who vowed again in recent days that the Israeli army will invade Rafah \u2026 with or without an agreement. \u2026 Palestinians living in miserable conditions in Gaza [will] not experience an imminent reprieve,\u201d the <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/05\/05\/world\/middleeast\/cease-fire-talks-israel-hamas.html\" style=\"\" rel=\"noopener\">New York Times<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Israel slammed the gates closed at the Kerem Shalom crossing<\/strong>, a key entry point along with Rafah for humanitarian aid, after Hamas forces <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/hamas-claims-responsibility-attack-israel-gaza-border-crossing-casualties-2024-05-05\/\" style=\"\" rel=\"noopener\">killed three Israeli soldiers<\/a>. A retaliatory strike by Israel killed at least 19 Palestinians yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- The Biden administration has slapped a hold on at least one shipment of <\/strong><strong>ammunition to Israel<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.axios.com\/2024\/05\/05\/israel-us-ammunition-shipment-hold\" style=\"\" rel=\"noopener\">Axios<\/a> reports in an exclusive. US officials have declined to explain the halt, which came after Joe Biden started taking serious domestic fire for his unblinking support of Israel\u2019s war in Gaza.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WATCH THIS SPACE- Is Russia planning sabotage operations across Europe? <\/strong>That\u2019s the warning in the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/c88509f9-c9bd-46f4-8a5c-9b2bdd3c3dd3\" style=\"\" rel=\"noopener\">Financial Times<\/a>, which says that European intelligence agencies believe Russian operatives are \u201cpreparing covert bombings, arson and attacks on infrastructure\u201d across the continent.<\/p>\n<p class=\"tag-border-left\">HAPPENING THIS WEEK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a quiet morning in the global business pages<\/strong>, but don\u2019t expect that to hold for the whole week:<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Chinese leader Xi Jinping is trying to warm-up ties with Europe. <\/strong>He\u2019s in Paris this morning to meet French President Emmanuel Macron and will then see European Commission chief Ursula von der Leyen before heading later this week to Serbia and Hungary. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For our fellow journalism nerds: <\/strong>It\u2019s Pulitzer Prize day \u2014 the announcement will drop at 11pm UAE time <a target=\"_blank\" href=\"https:\/\/www.pulitzer.org\/\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aramco will release 1Q 2024 numbers <\/strong>tomorrow. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For our fellow iSheep: Apple is expected to unveil new iPads tomorrow <\/strong>at 6pm UAE time (10am Pacific). Pundits are hoping for a revamp of the line that restores some coherence to the offering (and for the Pro to get a FaceTime camera on the long edge), but the only meaningful way to improve on the lineup would be to unshackle iPadOS. You can stream the announcement from <a target=\"_blank\" href=\"https:\/\/www.apple.com\/apple-events\/\" style=\"\" rel=\"noopener\">Apple\u2019s website<\/a> or its <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/@Apple\/videos\" style=\"\" rel=\"noopener\">Youtube channel<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Apple\u2019s announcement kicks off a series of big tech events<\/strong>, including next week\u2019s <a target=\"_blank\" href=\"https:\/\/io.google\/2024\/\" style=\"\" rel=\"noopener\">Google I\/O<\/a> and race toward <a target=\"_blank\" href=\"https:\/\/developer.apple.com\/wwdc24\/\" style=\"\" rel=\"noopener\">Apple\u2019s developers conference<\/a> in June.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Bank of England\u2019s monetary policy committee will meet on Thursday <\/strong>to review interest rates. Don\u2019t expect a cut. <\/p>\n<p class=\"tag-border-left\"> HERE AT HOME- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.aimcongress.com\/\" style=\"\" rel=\"noopener\"><\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.aimcongress.com\/\" style=\"\" rel=\"noopener\">Annual Investment Meeting (AIM) Congress<\/a><\/strong><strong> will take place tomorrow and run until <\/strong><strong>Thursday, 9 <\/strong><strong>May at the Abu Dhabi National Exhibition Center. <\/strong>Gathering senior government officials and industry experts, the summit will focus on exploring means of strengthening the economy under the theme Resilient, Sustainable Economic Growth \u2013 Creating a Healthy and Prospective Investment through FDI and FPI.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/dubai.ifinexpo.com\/\" style=\"\" rel=\"noopener\">Innovative Finance Expo<\/a><\/strong><strong> is set to be held this Wednesday and Thursday at the <\/strong><strong>Jumeirah Emirates Towers<\/strong> in Dubai. The event will bring together fintech and blockchain companies and experts to serve as a knowledge exchange platform, showcasing the latest developments in the financial sector, including DeFi crypto, foreign exchanges, payment, and finance technologies.<\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a><strong> #1- Has FAB joined the bidding race for Yes Bank?<\/strong> First Abu Dhabi Bank (FAB) is reportedly seeking to acquire a 25% stake in Yes Bank, India's sixth-largest private sector lender, the <a target=\"_blank\" href=\"https:\/\/www.thehindubusinessline.com\/money-and-banking\/first-abu-dhabi-bank-mizuho-bank-in-race-for-sbis-stake-in-yes-bank\/article68132289.ece\" style=\"\" rel=\"noopener\">Hindu Business Line<\/a> reports, citing sources familiar with the matter. The Emirates\u2019 biggest lender has held talks with the Reserve Bank of India, India\u2019s central bank, to discuss the potential transaction. Among the bidders for the stake is Japan\u2019s Mizuho Bank, which reportedly tapped Bank of America to facilitate the stake purchase. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Emirates NBD is also reportedly <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e76dd13f-0ff0-4b59-bffe-28f9b6255a94\/up-next:-drainage-infrastructure%3F#:~:text=%234%2D%20Emirates%20NBD,of%20the%20month.\" style=\"\" rel=\"noopener\">eyeing a stake<\/a><\/strong><strong> in Yes Bank,<\/strong> along with other international bidders, including Japan\u2019s Mitsubishi UFJ Financial Group and Sumitomo Mitsui Banking Corp.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> A State Bank of India-led consortium is exploring plans to sell its stake in Yes Bank, after bailing out of the Indian bank in 2020. Investors were granted a three-year lock-in period, which expired in March 2023.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#2- Deutsche Bank plans to double the assets it manages in the Middle East and <\/strong><strong>Southeast Asia<\/strong>, with a specific focus on the UAE and Saudi Arabia, Claudio de Sanctis told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-05-03\/deutsche-bank-plans-to-double-assets-in-southeast-asia-middle-east-in-5-years\" style=\"\" rel=\"noopener\">{Bloomberg}<\/a> in an interview. The two regions \u2014 which de Sanctis says are \u201cinterlinked\u201d \u2014 will be allocated more resources, and has already seen more hires than the bank\u2019s other offices, as wealthy families in both countries become more interested in investing in Southeast Asia and vice versa. <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p class=\"tag-border-left\">DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Ajman recorded 7% y-o-y growth in tourism revenues in 1Q 2024<\/strong>,<strong>&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b2zey4p-emirate-ajman-records-growth-tourism-revenue\" style=\"\" rel=\"noopener\">Wam<\/a> reports, citing a statement from the Ajman Tourism Development Department. The department attributed the increase in revenue to occupancy rates growing 3% y-o-y and visitor numbers increasing 9% y-o-y compared to last year\u2019s figures.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Some 94% of financial transactions at Emirates NBD happen outside the lender\u2019s&nbsp;<\/strong><strong>physical branches<\/strong>,<strong>&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b300dl5-94-financial-transactions-occur-outside-branches\" style=\"\" rel=\"noopener\">Wam<\/a> reports, citing a statement from the bank\u2019s head of retail banking Marwan Hadi, affirming that the lender will continue to utilize \u201cweb3 technologies to enrich digital experiences for customers.\u201d<\/p>\n<p class=\"tag-border-left\">OUR NEXT CONFERENCE IN CAIRO-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Foreign investors are falling in love with Egypt again\u2026<\/strong> Foreign investors we speak with (debt, equity, and strategic alike) have growing appetite for Egypt. They\u2019re buying into local debt, eyeing promising shares, and committing bns of USD to both new ventures here and the growth of their existing businesses. They like the Egypt story that\u2019s taking shape after the float of the EGP, and its competitive advantages are clear to many of them: <strong>It\u2019s a massive consumer opportunity and a regional export hub of tomorrow.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;orphans:2;widows:2;text-align:left\"><strong>The Enterprise Optimism Forum 2024 will do exactly what it says on the tin: <\/strong>Spark conversations about a future that sees Saudi Arabia, Egypt, and the the UAE at the heart of a more vital Middle East economy \u2014 and provide an early, actionable roadmap for those who are \u201clong Egypt.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;orphans:2;widows:2;text-align:left\"><strong>We\u2019ll be talking with you about the agenda over the coming couple of weeks.&nbsp;<\/strong>It features speakers from Egypt and abroad who are future-proofing their businesses and angling to capture tomorrow\u2019s opportunities \u2014 and who aren\u2019t afraid to answer some tough questions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/optimism.enterprise.news\/\" style=\"\" rel=\"noopener\">*** Interested in attending? Tap or click here to let us know.<\/a><\/strong>&nbsp;Seating is limited. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"https:\/\/optimism.enterprise.news\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/221.jpg?ssl=1\"><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"background-color: transparent;\">***<\/span><\/p>\n<p class=\"tag-border-left\"> CIRCLE YOUR CALENDAR- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/commodityinsights.spglobal.com\/mpgc.html?utm_source=google&amp;utm_medium=cpc&amp;utm_campaign=q2_2024_emea_events_mpgc&amp;utm_content=advert2&amp;utm_term=conferences&amp;gclid=Cj0KCQjw_qexBhCoARIsAFgBlesc2VesT9r8VORd_K-RgkzohOU9Of4VXtk10bx42ptVJMeOi2x_gdgaAjX3EALw_wcB\" style=\"\" rel=\"noopener\">Middle East Petroleum and Gas Conference<\/a><\/strong><strong> is set to take place from 20-22<\/strong><strong> May in Dubai<\/strong>, hosted by the Emirates National Oil Company and under the organization of S&amp;P Global Commodity Insights. The theme of the conference is \u201cEvolving Core Energy Markets within a Sustainable Landscape.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plus: Arabian Travel Market also kicks off today<\/p>\n","protected":false},"author":1,"featured_media":91678,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1543],"tags":[87,212,79,60,6],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-dubai","tag-fab","tag-fintech","tag-ma-watch","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"03de8688-be8d-48d9-9d79-49e4e848a349","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/2\/25.jpg","photo_position":"above","homepage_title":"","full_issue_title":"THIS MORNING: Dubai fintech summit kicks off + FAB eyeing a stake in Yes Bank?","related_issue":[91675],"teaser":"Plus: Arabian Travel Market also kicks off today","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.003e731d-d220-4974-92fe-21fdf86dfc2c.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Dubai fintech summit kicks off + FAB eyeing a stake in Yes Bank? - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dubai fintech summit kicks off + FAB eyeing a stake in Yes Bank?\" \/>\n<meta property=\"og:description\" content=\"Plus: Arabian Travel Market also kicks off today\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-06T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/25.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Dubai fintech summit kicks off + FAB eyeing a stake in Yes Bank?\",\"datePublished\":\"2024-05-06T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank\/\"},\"wordCount\":1699,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/25.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Dubai\",\"FAB\",\"fintech\",\"M&amp;A WATCH\",\"WHAT WE\u2019RE TRACKING TODAY\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TODAY\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank\/\",\"name\":\"Dubai fintech summit kicks off + FAB eyeing a stake in Yes Bank? - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/25.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-05-06T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/25.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/25.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Dubai fintech summit kicks off + FAB eyeing a stake in Yes Bank?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Dubai fintech summit kicks off + FAB eyeing a stake in Yes Bank? - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank\/","og_locale":"en_US","og_type":"article","og_title":"Dubai fintech summit kicks off + FAB eyeing a stake in Yes Bank?","og_description":"Plus: Arabian Travel Market also kicks off today","og_url":"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank\/","og_site_name":"UAE","article_published_time":"2024-05-06T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/25.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Dubai fintech summit kicks off + FAB eyeing a stake in Yes Bank?","datePublished":"2024-05-06T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank\/"},"wordCount":1699,"publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/25.jpg?fit=%2C&ssl=1","keywords":["Dubai","FAB","fintech","M&amp;A WATCH","WHAT WE\u2019RE TRACKING TODAY"],"articleSection":["WHAT WE\u2019RE TRACKING TODAY"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank\/","url":"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank\/","name":"Dubai fintech summit kicks off + FAB eyeing a stake in Yes Bank? - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/25.jpg?fit=%2C&ssl=1","datePublished":"2024-05-06T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/25.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/25.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Dubai fintech summit kicks off + FAB eyeing a stake in Yes Bank?"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/25.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/25.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/25.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/91677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/comments?post=91677"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/91677\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/91675"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/91678"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=91677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=91677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=91677"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/brand?post=91677"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=91677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}