Insights: Dubai’s role in driving financial evolution

 The GCC region is transforming into a key player in global finance, with the UAE at the forefront. Online trading is growing rapidly, and as a result, the region is fast developing into a hub for innovation and progress.

Dubai, in particular, is driving this momentum due to its strategic vision, strong infrastructure, and progressive regulations. The global FX market records an average daily turnover of $7.5tn, with a significant portion expected to be traded in the UAE during 2025, further solidifying its position as a global financial powerhouse.

A younger, tech-savvy population is reshaping demand across the region. Digital-first solutions and advanced technologies are quickly becoming the norm, meeting the evolving needs of modern traders.

This shift is creating unique opportunities for institutions and investors alike, as the region embraces innovation and adapts to global financial trends.

Regulatory reforms in the UAE have been instrumental in spurring advancement and bolstering investor confidence by ensuring transparency and accountability. The UAE continues to strengthen its position as a financial hub through key regulatory bodies such as the Securities and Commodities Authority (SCA) and the Virtual Assets Regulatory Authority (VARA).

These authorities play a pivotal role in shaping the digital financial landscape by providing a clear framework for trading virtual assets while safeguarding investor interests. We take pride in being one of the first companies to apply for an SCA license, underscoring our commitment to compliance and innovation in the evolving financial ecosystem.

Technology is key to driving the progress of the financial sector

Technology continues to propel the industry forward. Electronic communications network (ECN) technology is poised to be a game changer in the region, enabling the introduction of new financial instruments on the platform.

While Dubai has positioned itself as a leader in everything from blockchain and digital currencies to artificial intelligence and machine learning, significant private sector investments, combined with a forward-looking approach, have created fertile ground for fintech startups to thrive. This dynamic environment empowers entrepreneurs and redefines how services are delivered.

Situated at the crossroads of Europe, Asia, and Africa and backed by sustained developments in governance and technology, the GCC is poised to play a pivotal role in the international economy.

Dubai and the wider GCC are evolving from emerging players to key pillars of the world financial ecosystem.

By embracing change, driving growth, and capitalising on strategic strengths, the region is steadily establishing itself as an economic powerhouse.

The writer is the founder and chairman of MultiBank Group.