July 25, 2014 12:27 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
Age: 50
Governor and Chairman of Authority Board of Directors
Age: 55
Governor and Chairman of DIFC Investments
Chief Executive Officer of DIFC Properties
General Manager
Compensation as of Fiscal Year 2014.

Dubai International Financial Centre Key Developments

Maktoum Bin Mohammed Appoints Essa Kazim, as Chairman of Dubai International Financial Centre's Authority Board of Directors

Dubai International Financial Centre announced that under the directive of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of Dubai International Financial Centre /DIFC/, Essa Kazim, Governor of DIFC, has been appointed, in addition to his role as a Governor of DIFC, as Chairman of the DIFC Authority Board of Directors, along with six other board members, for a term of two years. Al Ghurair will remain as the Vice Chairman of the DIFC Higher Board of Directors, according to the Government of Dubai Media Office. The new members of the DIFC Authority Board of Directors are Hussain Al Qemzi, Sameer Al Ansari, Salem Al Sharhan, Rashid Al Jarwan, Abdulla Bin Kalban, Hesham Al Qasim.

Dubai International Financial Centre Authority Signs MoU with Toronto Financial Services Alliance

Dubai International Financial Centre Authority (DIFCA) has signed a strategic agreement with Toronto Financial Services Alliance (TFSA). The Memorandum of Understanding (MoU) outlined a mutual agreement that both parties would work to foster a business-to-business collaboration in their respective financial centres. Under the new agreement, TFSA and DIFCA will explore avenues to jointly promote the importance of the Toronto and Dubai financial services sectors offerings internationally.

Dubai International Financial Centre Announces USD 4 Billion Expansion Plan

The Dubai International Financial Centre has announced its plans for a AED 15 billion (USD 4 billion) expansion plan.

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