Company Overview of Dubai International Financial Centre
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...
United Arab Emirates
Founded in 2002
Key Executives for Dubai International Financial Centre
Chief Executive Officer of DIFC Properties
Chief Justice of Courts and Board Member of the Higher Board of Directors
Director of Human Capital
Compensation as of Fiscal Year 2014.
Dubai International Financial Centre Key Developments
Dubai International Financial Centre Announces Resignation of Jeff Singer as Chief Executive
Aug 20 14
Dubai International Financial Centre announced the resignation of Jeff Singer as Chief Executive. Jeff Singer had become CEO of the DIFC Authority barely two years ago.
Maktoum Bin Mohammed Appoints Essa Kazim, as Chairman of Dubai International Financial Centre's Authority Board of Directors
Jan 25 14
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
Dec 8 13
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.
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