Dubai sees surge in bank financing, new fintech firms in 2020
DUBAI: While Dubai’s economy is expected to contract by 6.2 percent in 2020, with the travel and hospitality sectors hit hard by the coronavirus pandemic, the emirate saw a surge in bank financing for the transport, storage and communications sectors, and strong growth in the establishment of new financial technology (fintech) companies licensed to operate.
United Arab Emirates Sami Al Qamzi Dubai Statistics Centre International Monetary Fund Dubai International Financial Centre While Dubai
Source: arabnews.com