#DIFC

Dubai Financial Services Authority provides regulatory framework for future of finance

The DIFC is now home to more than 3,200 companies and nearly 28,000 staff, while the DFSA regulates 521 financial services firms

Dubai’s DIFC records 59% increase in new company registrations in H1 2021

A total of 492 new companies joined the financial centre in the first half of the year

Dubai’s DFSA appoints F. Christopher Calabia as new chief

He will succeed Bryan Stirewalt with effect from October 1, 2021

Dubai regulator DFSA hits ex-Abraaj finance chief with record $1.7m fine

Abraaj, which was headed by financier Arif Naqvi, went into liquidation in 2018

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum

New DIFC Innovation Hub to spur fintech ecosystem in Dubai

Plans have already been approved to expand the size of the Innovation Hub four-fold to cover 315,000 sq ft

Dubai’s DME introduces new platform to trade multiple crude grades

Dubai’s DME introduces new platform to trade multiple crude grades

FlexxPay raises $3m in pre-series A round to enhance technology platform

FlexxPay is currently available in the UAE and Saudi Arabia, and will be launched in Bahrain next month

Dubai Financial Services Authority

Dubai’s DFSA fines former DIFC employee $165,000

The authority has also restricted him from performing any function in connection with the provision of financial services in or from the DIFC

In pictures: Landmarks across UAE, region turn red for Hope Probe’s imminent arrival to Mars

The UAE is poised to become only the 5th country ever to enter Mars’ orbit

Crowd investment platform Stake launches in UAE

Users can own a piece of real estate for as little as Dhs2,000

DIFC Winter vibes

Revealed: The music, movie and comedy shows you can catch at Dubai’s DIFC this winter

Movie nights and stand-up comedy shows are free-to-attend at DIFC’s Gate Avenue

DIFC Dubai

Israel’s Bank Hapoalim signs agreement with DIFC, AGDM

The agreement enables Bank Hapoalim to access banking and innovation opportunities in the Middle East, Africa and South Asia through the DIFC platform

Penta delivers private cloud, cybersecurity, to Dubai’s DIFC clients

Penta services cover startups, SMEs and large multinationals based at DIFC

FinTech firm Ripple chooses Dubai’s DIFC for regional headquarters

Financial institutions across more than 45 countries already use RippleNet

gavel

Financial tribunal delivers verdict against Al Masah; issues statement regarding Shailesh Dash

The tribunal noted that Shailesh Dash exhibited “a formidable mastery of the arguments”

LLB_Headquarters_Vaduz

Here’s how European private bank LLB is looking to grow in the GCC

Gulf Business speaks to Ludovic Pernot, head of Private Banking Middle East at LLB, on the Covid crisis and plans ahead

The Guild - ICD Brookfield Place[2] copy

New 15,000sqft dining destination to open at ICD Brookfield Place in Dubai’s DIFC

The new destination, called The Guild, will feature eight different home-grown brands and slated to open next year

Dubai’s DIFC FinTech Hive to host new accelerator for redundant employees

ASPIRE hopes to reach 5,000 participants in the next 12 months

Why GCC banks and fintech startups must realign their interests for greater good

Traditional lenders and fintech players can grow simultaneously, offering customers a myriad of services

DIFC-gate

DIFC launches new license starting at $1,500 for startups and entrepreneurs in Dubai

Businesses can secure up to four visas when renting a desk space within the freezone

Dubai’s DIFC FinTech Hive accelerator programme attracts record entrants

Fourth cohort attracts 620 fintech startups from all over the world

Startupbootcamp establishes regional headquarters at Dubai’s DIFC

FinTech ranked first in the region for deals ahead of e-commerce and transport and logistics

DIFC

China strengthens fintech cooperation with Dubai through new agreement with DIFC

Jiaozi Fintech Dreamworks and DIFC will collaborate on key sectors such as blockchain, artificial intelligence, big data and cloud computing

Why the regional fintech ecosystem is booming

Regional fintech startups hold tremendous room for growth

Revealed: Key facts about the new data protection law issued by Dubai’s DIFC

The new law will cement the centre’s position as well as enhance its data protection practices

Dubai’s DIFC invests in four fintech startups via its $100m fund

The investment, part of its $100m FinTech Fund to help establish and upscale fintech companies, reinforces DIFC’s commitment to drive advancements in the financial services sector

Revealed: All the stimulus measures taken by Dubai’s DIFC to support businesses

From waiving certain fees to offering rental relief, DIFC is implementing several steps to help firms during the current Covid-19 crisis

Dubai’s DIFC Plans $700m Sukuk Issue By End-October: Governor

Proceeds from the issue will be partly used to refinance existing debt as well as provide cash for infrastructure investment.