Foreign banks that violate the law face a stiff penalty of not more than Dhs500,000
The waiver applies to all new and repeat issuers who make a relevant application to the Dubai Financial Services Authority
Wellington has been managing assets for clients in the Middle East and North Africa for 29 years and decided to expand into the region to support local needs
The financial centre saw a steady growth in the number of financially regulated firms establishing their base at DIFC
The association represents more than 2,100 corporate members with over $2.5tn hedge fund and private credit assets
Verition manages approximately $7.3bn across its strategies, with over 400 employees globally
The programme supports efforts to realise the financial centre’s 2030 strategy to catalyse economic growth
As the host financial centre for GEFI’s Path to COP28 programme, DIFC will support a series of report launches, roundtables and community engagements during the next 12 months
The new centre, which is scheduled to be launched on September 1, will provide a full range of services and accreditation to businesses and advisors who meet DIFC’s standards
The campaign would encourage more than 300 global technology firms to relocate to the UAE
The lab will run business and technical deep-dive workshops, facilitate industry and regulatory forums on important issues such as API standards and consumer consent management
More than 1,000 attendees, including fintech startups, investment firms, banks and service providers, are expected to attend DIFC FinTech Week on June 28 and 29
Part of its Strategy 2030, DIFC’s Studio Launchpad is designed to attract and engage a consortium of leading startup and corporate venture studios
DFSA’s regime aims to improve the whistleblowing culture among its regulated entities by increasing transparency around how they handle regulatory concerns
The licence offered by Dubai International Financial Centre can also serve as a gateway to obtaining UAE Golden Visas
Last year, the financial centre also recorded its highest ever annual revenue and operating profit
Over 45 brands will participate in the fifth edition which will be held at Dubai International Financial Centre from November 24-28
The UK-based company has established an office in Dubai International Financial Centre
It has become the first Chinese insurer to operate in the Dubai International Financial Centre
Malabar Gold & Diamonds currently generates an annual turnover of $4.51bn through a network of over 260 outlets and 14 wholesale units
Plans have already been approved to expand the size of the Innovation Hub four-fold to cover 315,000 sq ft
Four restaurants, two galleries and a music store to discover when visiting DIFC Art Nights this week
A total of 10 galleries will be displaying their work, showcasing the creations of over 40 artists
Within one year, 19,182 members of the DIFC workforce have been enrolled in the plan
Over 50 per cent of all fintech businesses in the GCC now operate from DIFC
The agreement enables Bank Hapoalim to access banking and innovation opportunities in the Middle East, Africa and South Asia through the DIFC platform
Admission to the open-air event held within DIFC’s Gate Village is free and will be open from 6pm-10pm
Startups benefit from access to industry experts, mentors and partner organisations
DIFC introduced a new data protection law, that aims to enhance its current regime around data, security and privacy best practices
Aurora50 is initiating the discussion around board-level gender diversity with a virtual event