The DFSA authorised 946 individuals and 17 Designated Non-Financial Business or Professional corporate services providers during the year
Dubai financial freezone
Latest in Dubai financial freezone
DIFC
DIFC shatters revenue and occupation records in 20th year of operation
Reports 55% jump in operating profit to $363mn; 37% increase in revenue to $484mn; 25% growth in active companies to 6,920
Abu Dhabi
Dubai ranks as regional first, 17th globally in Global Financial Centres Index
Abu Dhabi followed Dubai as second regionally, with a global rank of 32 on the list
DIFC
DIFC records accelerating growth in first half of 2022
A total of 537 new entities registered in the first half of the year increasing the total number of operating companies in the financial centre to 4,031
corporate venture studios
Dubai’s DIFC launches platform set to create 200 ventures, 8,000+ jobs within five years
DIFC has launched the world’s first venture studio platform that will be exclusively focused on digital asset technologies and “ubiquitous finance”
crowdfunding
Dubai’s DIFC looks to enhance framework to create more options for companies, including crowdfunding
The proposed amendments aim to enhance the regulatory framework within the DIFC, and provide further structuring options for businesses operating in or from the centre
DIFC
DIFC issues consultation paper proposing Real Property Law amendment in relation to mortgagees
The key aspects of the changes to the Real Property Law include the removal of the mortgagee’s right of foreclosure in its entirety.
DIFC
DIFC reports best annual performance ever
The Middle East financial hub posted its best results ever as Dubai leads the global Covid-19 recovery
Dubai financial freezone
Land plot sold in Dubai’s financial hub for $78.7m
Total gross development value of project is estimated at $544.5m and expected to include hospitality, retail and residential usage mix
DIFC
DIFC Employment Law’s new amendments explained
Changes serve to clarify ambiguities regarding the existing law and will increase the financial centre’s attractiveness
Business Registration and Licensing
DIFC registers 492 new companies in first half of 2021
Emirate’s financial hub has achieved its ‘2024 Strategy’ growth targets three years ahead of schedule
Amna Al Owais
DIFC Courts sees 34% surge in small claims cases
DIFC Courts reported a 25% increase in its caseload in the first six months of 2019
Abraaj Capital
Dubai financial regulator imposes record $315m fine on Abraaj firms
Dubai Financial Services Authority hands down huge penalties to Abraaj companies for deceiving investors
businesses in Dubai
DIFC bucks global trend with double-digit growth in companies
Malaysia’s Maybank Islamic Berhad, Cantor Fitzgerald and Australia’s Atlas Wealth Management were among the financial firms that joined
DIFC
Video: What is the DIFC doing to regulate the UAE’s financial sector
Nina Auchoybur, managing director of Ocorian sheds light on the various new regimes that are being introduced by DIFC in order to regulate the financial market and provide a safe and attractive haven for investors.
Al Maktoum International Airport
Opinion: Why special economic zones remain important
Despite rule changes, special zones are still potential catalysts for economic activity, says Anshu Vats
Abraaj
Abraaj is said to close DIFC HQ after missing rent
Dubai International Financial Centre told Abraaj to vacate its main office in the financial freezone by the end of the month