Diversified Financial Services
Company Overview of Dubai International Financial Centre
Dubai International Financial Centre (DIFC) is an onshore capital market that fosters economic growth, development, and diversification in Dubai. DIFC issues operating licenses for six sectors including banking services, capita markets, asset management and fund registration, reinsurance, Islamic finance, and back office operations. It operates DIFC Financial Services Authority (DFSA), a regulatory and legal framework that promotes markets which are not prone to market abuse and systemic risk and DIFC International Financial Exchange (DIFX), which provides investors and issuers with a liquid securities market. DIFC serves the Middle East, East and North Africa, the Caspian states, and the In...
United Arab Emirates
Founded in 2002
Key Executives for Dubai International Financial Centre
Executive Vice President of DIFC Property Development
Chief Justice of Courts and Board Member of the Higher Board of Directors
Compensation as of Fiscal Year 2017.
Dubai International Financial Centre Key Developments
Dubai International Financial Centre Companies Can Now Obtain Dubai Economy Dual Licenses to Operate Across Dubai
May 1 17
Dubai International Financial Centre (DIFC) signed a memorandum of understanding (MoU) with Dubai Economy to allow companies operating within DIFC to obtain licenses to operate in mainland Dubai. The strategic partnership expands the level of services that DIFC provides to its clients, giving the non-regulated companies in the Centre the opportunity to also operate as mainland businesses
under a license issued by Dubai Economy. The agreement aims to increases levels of governance, compliance and transparency for businesses working within the DIFC infrastructure. Under the MoU, a central data repository will be established, allowing data exchange between the parties, improving visibility and transparency of commercial activity within the DIFC. In addition, joint inspections will also ensure better compliance, prevent fraud and increase consumer protection.
Dubai International Financial Centre Signs Cooperation Agreement with Gujarat International Finance Tec-City Company Limited
Feb 28 17
Dubai International Financial Centre has inked a memorandum of understanding with Gujarat International Finance Tec-City to boost collaboration between the two financial centres. Under the agreement, the two parties will share information on banking, financial service and securities, legislation and regulation, and on international financial services trends especially in the fintech space. They will also collaborate in the area of training, as well as offer mutual assistance in organising seminars and conferences on issues to improve the development of the centres. At the same time, the two parties also plan to launch a programme of International Exchange for entities based in DIFC and GIFT, which will allow them to set up entities in Gujarat/Dubai on mutually agreed terms.
Dubai International Financial Centre Announces Earnings Results for the Year 2016
Feb 20 17
Dubai International Financial Centre announced earnings results for the year 2016. For the year, the company reported net profit of AED 421 million, a 14% increase in the actively registered companies operating from the centre.
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