February 22, 2017 10:25 AM ET

Capital Markets

Company Overview of Dubai International Financial Centre

Company Overview

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...

Emirates Towers

Level 49

Dubai,  

United Arab Emirates

Founded in 2002

Phone:

971 4 330 0100

Fax:

971 4 330 0311

Key Executives for Dubai International Financial Centre

Chief Executive Officer
President and Chairman
Age: 32
Chief Financial Officer
Age: 51
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 2016.

Dubai International Financial Centre Key Developments

Dubai International Financial Centre Announces Earnings Results for the Year 2016

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.

Dubai International Financial Centre Appoints Yazan Mohamad Al Nasser as Chief Financial Officer

Dubai International Financial Centre has appointed Yazan Mohamad Al Nasser, a veteran in the property and retail industry, as its new chief financial officer. Al Nasser brings with him more than 30 years of finance and audit experience to the body overseeing the leading financial centre in the Middle East, Africa and South Asia region. As CFO, he is responsible for the formulation and review of key financial controls, business processes and management reporting, and the evaluation of commercial and investment opportunities. Prior to joining DIFC, he worked with Emaar malls PJSC, where as chief financial officer. In his professional career, Al Nasser also served as senior staff at Majid Al Futtaim’s Internal Audit Department.

Dubai International Financial Centre Launches FinTech Hive at DIFC

Dubai International Financial Centre (DIFC) has announced the region’s first FinTech accelerator in Dubai. Set to launch in the first quarter of 2017, FinTech Hive at DIFC, will bring financial services technology to MEASA markets, while providing a platform that brings financial and technology firms together to increase access to, improve customer experience and drive operational efficiencies in the financial services sector. The global FinTech sector has attracted more than $50 billion in investment since 2010, but currently the MENA region only attracts around 1% of that. The DIFC Accelerator intends to bridge the gap by creating a platform that identifies leading technology entrepreneurs and companies through a competitive process and then offering them the opportunity to develop, test and modify their innovations in collaboration with top executives from DIFC and regional financial institutions. FinTech Hive at DIFC will start with a 12 week ‘accelerator programme’. It intends to catalyse the growth and efficiency in a variety of areas including trade finance, alternative finance such as P2P payments, and Sharia based services.

Similar Private Companies By Industry

Company Name Region
Abu Dhabi Securities Exchange Middle East/Africa
ABWAB Capital Limited Middle East/Africa
ADS Securities L.L.C. Middle East/Africa
Al Brooge Shares & Bonds Company- WLL Middle East/Africa
Al Ramz Capital LLC Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Dubai International Financial Centre, please visit www.difc.ae. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.