Dubai has plenty of startup funding. What it lacks is people who have actually scaled one. Dubai Future District Fund just backed a growth fund run by former Groupon, Airbnb and WeWork operators. Here's why that matters more than the cheque.

Dubai has been ranked the world's leading FinTech hub by industry professionals in the latest Global Financial Centres Index, cementing its status as the only financial centre from the Middle East, Africa and South Asia region to feature in the global top ten.

The Central Bank of the UAE has raised its Base Rate on the Overnight Deposit Facility by 25 basis points, taking it from 3.65 percent to 3.9 percent, effective Thursday, September 17.