DIFC unveils five-year innovation strategy for financial services
Dubai International Financial Centre (DIFC) and Refinitiv have revealed a five-year outlook for innovation in the financial services industry. Following the initial wave of innovation sparked during the pandemic, the global financial services industry continues to see major transformations. Tailored to the evolving preferences and expectations of customers and clients, the high demand for convenient […]
Swiss bank Lombard Odier plans expansion after getting new Dubai licence
Swiss private bank Lombard Odier plans to double its headcount in the UAE within three years after obtaining a licence to operate from Dubai’s financial centre, one of its senior executives told Reuters on Thursday. The bank, which has had a representative office in Dubai, a major regional financial hub, for 17 years and a branch in […]
Dubai: DIFC to reveal new high-end residential offering for buyers soon
Dubai International Financial Centre (DIFC) has introduced a new high-end residential offering, DIFC Living. The new residential project will provide residents easy access to: The financial centre will reveal more about the project on its official channels soon. DIFC sees rise in companies in H1 2023 In other news, the financial centre witnessed double-digit growth […]
DIFC Courts reports Dhs15bn in claims value in H1 2023
The Dubai International Financial Centre (DIFC) Courts announced its performance highlights for H1 2023. The value of cases across all divisions recorded a 692 per cent increase during the period compared to H1 2022, with a total value of Dhs15bn across 455 cases filed. In the main Court of First Instance (CFI), 52 cases were […]
DIFC to host first Future Sustainability Forum in Dubai
Dubai International Financial Centre (DIFC) has announced it will host the inaugural edition of the Future Sustainability Forum ahead of COP28. Set to galvanise key stakeholders, including the finance and insurance sectors, towards accelerating net-zero goals, the forum offers a platform to explore future sustainability and climate technologies critical for the world’s net-zero agenda and […]
Dubai: Fintech helps DIFC grow faster than emirate’s overall economic growth
Financial technology (popularly known as Fintech) has become a major growth driver for the Dubai International Financial Centre (DIFC), helping it to grow faster than Dubai’s overall growth rate. Essa Kazim, governor of DIFC, said the financial centre has become a major engine of growth for the emirate’s economy and a significant contributor to […]
DIFC to host inaugural Dubai FinTech Summit next week
Dubai is set to host the first-ever Dubai FinTech Summit on 8th and 9th May under the patronage of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance. The Summit will be organised by Dubai International Financial Centre (DIFC) at Madinat Jumeirah and […]