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UAE: Abu Dhabi Global Market and Bahrain Economic Development Board Collaborate on Fintech

On January 8, 2018 the Abu Dhabi Global Market (ADGM) and the Bahrain Economic Development Board (EDB) announced that they had entered into a fintech cooperation agreement.

The agreement promotes the MENA (Middle East and North Africa) region as a connected and collaborative environment to foster fintech. The agreement includes a framework for information sharing, initiatives for economic growth in financial services, innovations and the movement of start-ups, knowledge and talent across the partners. The framework is expected to facilitate development of Islamic finance, fintech initiatives and stimulate the growth of digital payments and blockchain.

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