Abu Dhabi Launches FIDA Cluster to Drive Next-Generation FinTech, Digital Assets and Insurance Growth

Abu Dhabi has launched the FinTech, Insurance, Digital and Alternative Assets (FIDA) cluster to accelerate growth in next-generation financial services. Approved by Sheikh Khaled bin Mohamed bin Zayed and unveiled at Abu Dhabi Finance Week 2025, the initiative is projected to add AED56 billion to GDP by 2045, create 8,000 jobs, and attract AED17 billion in investment. The cluster will strengthen digital assets, fintech, insurance, ESG finance, and alternative investments while reinforcing Abu Dhabi’s position as a global financial innovation hub.

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Rostro Group Enters UAE Market with New SCA Licence

Rostro Group has entered the UAE fintech market after receiving a Category 5 licence from the Securities and Commodities Authority. The approval enables the group to expand its institutional and retail trading services across the GCC through its Scope Prime and Scope Markets brands. Backed by a fast-growing fintech ecosystem and strong regulatory support, Rostro’s move reinforces the UAE’s position as the leading fintech hub in the MENA region.

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Qatar Launches Sovereign AI Firm Qai to Strengthen National Technology Strategy

Qatar has launched Qai, a new sovereign-backed AI company under the Qatar Investment Authority, to invest in AI infrastructure and commercialize advanced technologies. Unlike regional peers, Qai will not build its own language models but will focus on deploying trusted AI systems and emerging technologies. The move signals Qatar’s formal entry into the Gulf’s rapidly expanding state-led AI race.

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