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Abu Dhabi is aiming to become the capital of financial technology – or fintech – in the Arabian Gulf under an initiative announced by Ahmed Al Sayegh, the chairman of the Abu Dhabi Global Market, the capital’s financial free zone.
Mr Al Sayegh announced the plan, to be prepared in cooperation with international and regional partners, at the opening session of the Global Financial Markets Forum 2016 in the capital yesterday. He said that fintech was a fast-growing part of the international financial industry.