Friday, February 3, 2023
  • Contact Us
The Caribbean Post
Advertisement
  • Current News
    • Politics
    • Business
  • Tech News
  • Education
  • Entertainment
    • Travel
    • Lifestyle
  • Health
    • Recipes
  • World
    • Antigua
    • Aruba
    • Barbados
    • Barbuda
    • Dominica
    • Dominican Republic
    • Guadeloupe
    • Guyana
    • Haiti
    • Jamaica
    • St Lucia
    • Suriname
    • Tobago
    • Trinidad
No Result
View All Result
The Caribbean Post
  • Current News
    • Politics
    • Business
  • Tech News
  • Education
  • Entertainment
    • Travel
    • Lifestyle
  • Health
    • Recipes
  • World
    • Antigua
    • Aruba
    • Barbados
    • Barbuda
    • Dominica
    • Dominican Republic
    • Guadeloupe
    • Guyana
    • Haiti
    • Jamaica
    • St Lucia
    • Suriname
    • Tobago
    • Trinidad
No Result
View All Result
The Caribbean Post
No Result
View All Result
Home Business

Dubai International Financial Centre records strong growth in H1 2022

Staff by Staff
September 11, 2022
in Business
0
2
SHARES
12
VIEWS
Share on FacebookShare on Twitter

DIFC Gate Building

DUBAI, UAE – Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, delivered robust growth in the first half of 2022.

You might also like

Canada joins the Americas Partnership for Economic Prosperity 

Biden-Harris administration advances Americas partnership for economic prosperity

Global economic uncertainty remains elevated, weighing on growth

The Centre’s strong performance reinforces DIFC’s Strategy 2030 to drive the future of finance, differentiate Dubai as a global hub for financial institutions, FinTech and innovation companies, and increase its economic contribution to the emirate.

A total of 537 new entities registered during the first half of this year, representing an 11 per cent year-to-date increase. The total number of companies operating in DIFC has gone up from 3,297 to 4,031 at the end of June 2022, an increase of 22 percent year-on-year.

The Centre is now home to 1,252 financial and innovation-related companies, an increase of 22 percent from the same period in 2021. FinTech and innovation companies jumped from 406 to 599, a 23 percent increase year-on-year.

During the first half of this year, changes to DIFC laws and regulations included amendments to its globally recognised data protection law. In alignment with the country’s vision to become a global benchmark in Open Finance, DIFC established the region’s first Open Finance Lab, following an agreement with the Central Bank of the UAE. Furthermore, DIFC expanded its Innovation Hub proposition by launching a global Venture Studios hub and introducing a USD 100 million Venture Debt Fund.

The Centre also generated a new wave of interest in Dubai from US financial services companies, following its successful roadshow with senior executives from more than 100 American financial services and technology companies in attendance. In addition, the Republic of Türkiye Roadshow witnessed a series of strategic meetings with key clients and partners in Istanbul in a move to create strong partnerships with companies in the Republic of Türkiye. DIFC also held a successful roundtable in Tel Aviv, Israel, with 30 prospective clients across a wide range of businesses in the financial services sector.

Amongst its 4,031 entities, DIFC is currently home to 17 of the world’s top 20 banks, 25 of the world’s top 30 global systemically important banks, five of the top 10 insurance companies, five of the top 10 asset managers, and many leading global law and consulting firms.

Credit: Source link

Tags: CentreDubaifinancialgrowthinternationalRecordsStrong
Previous Post

CDB continues to strengthen resilient regional infrastructure

Next Post

Earthquake shakes near Dominica, Guadeloupe

Staff

Staff

Related Posts

Business

Canada joins the Americas Partnership for Economic Prosperity 

by Staff
February 1, 2023
Business

Biden-Harris administration advances Americas partnership for economic prosperity

by Staff
February 1, 2023
Business

Global economic uncertainty remains elevated, weighing on growth

by Staff
February 1, 2023
Business

Caribbean financial sector urged to be more involved in regional development, says president Ali

by Staff
February 1, 2023
Business

Guyana outlines opportunities in construction sector to Jamaican trade mission

by Staff
January 26, 2023
Next Post

Earthquake shakes near Dominica, Guadeloupe

Recommended

A Charmer called Charimr – Trinidad and Tobago Newsday

December 26, 2022

Queen Elizabeth II loved Trinidad and Tobago, Caribbean

September 9, 2022

Categories

  • Business (468)
  • Current News (260)
  • Education (26)
  • Entertainment (76)
    • Lifestyle (22)
    • Travel (14)
  • Health (254)
    • Recipes (181)
  • Politics (32)
  • Tech News (64)
  • World (3,474)
    • Antigua (28)
    • Aruba (30)
    • Barbados (28)
    • Barbuda (28)
    • Dominica (29)
    • Dominican Republic (29)
    • Guadeloupe (537)
    • Guyana (880)
    • Haiti (28)
    • Jamaica (28)
    • St Lucia (27)
    • Suriname (28)
    • Tobago (884)
    • Trinidad (889)

Don't miss it

Guyana

Letitia Wright receives honorary doctorate from UG, takes Guyana by storm – Caribbean Life

February 2, 2023
Health

African leaders commit to end AIDS among children by 2030

February 2, 2023
Trinidad

Ramharack, Joseph named in Windies women’s T20 World Cup squad

February 2, 2023
Guyana

Keppel O&M To Deliver Guyana’s Third FPSO To SBM Offshore

February 2, 2023
Tobago

Joshua Regrello’s concert is for the culture

February 2, 2023
Politics

St. Kitts And Nevis’ first female Governor-General sworn in

February 2, 2023
The Caribbean Post

This is an online news portal that aims to share latest news about Africa, Caribbean and other countries of Africa with respect to business, entertainment, breaking updates and stuff like that. Feel free to get in touch!

Categories

  • Business
  • Current News
  • Education
  • Entertainment
    • Lifestyle
    • Travel
  • Health
    • Recipes
  • Politics
  • Tech News
  • World
    • Antigua
    • Aruba
    • Barbados
    • Barbuda
    • Dominica
    • Dominican Republic
    • Guadeloupe
    • Guyana
    • Haiti
    • Jamaica
    • St Lucia
    • Suriname
    • Tobago
    • Trinidad

Browse by Tag

Barbados Bites Business Caribbean Caribe COVID COVID19 Cup Death development Dominica energy food France French gas global Government Guadeloupe Guyana Guyanas Guyanese Health Immaculate Jamaica Local man Minister National News oil Online police President Room Route Silicon team Tobago Tobagos trade Trinidad weather World year

Recent News

Letitia Wright receives honorary doctorate from UG, takes Guyana by storm – Caribbean Life

February 2, 2023

African leaders commit to end AIDS among children by 2030

February 2, 2023

Ramharack, Joseph named in Windies women’s T20 World Cup squad

February 2, 2023

Keppel O&M To Deliver Guyana’s Third FPSO To SBM Offshore

February 2, 2023

2022© Design by CodingBite | Powered by LuxamaMedia.

No Result
View All Result
  • Current News
    • Politics
    • Business
  • Tech News
  • Education
  • Entertainment
    • Travel
    • Lifestyle
  • Health
    • Recipes
  • World
    • Antigua
    • Aruba
    • Barbados
    • Barbuda
    • Dominica
    • Dominican Republic
    • Guadeloupe
    • Guyana
    • Haiti
    • Jamaica
    • St Lucia
    • Suriname
    • Tobago
    • Trinidad

2022© Design by CodingBite | Powered by LuxamaMedia.