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DIFC Innovation Hub 2023 graduates raise $600 million in funding
Dubai, UAE -- More than 200 start-ups graduating from the programs of DIFC Innovation Hub in 2023 have collectively raised more than $600 million in funding, said Mohammad AlBlooshi, CEO of the Hub. AlBlooshi was speaking at the DIFC's flagship Investor Day, which was attended by over 500 people, including...
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Dubai becomes haven for firms of all sizes
Dubai's fintech expansion, the enticing Golden Visa program, competitive tax structures, a talented workforce, and a robust real estate sector collectively amplify its allure on the global stage. -
Dubai emerges as global hotspot for startup innovation
The emirate has transformed into a hub of entrepreneurship and ingenuity over the years. Renowned for its ambitious vision and relentless drive for excellence, the city epitomizes the boundless opportunities available for those with a pioneering mindset and a passion for innovation. -
Picasso’s ‘Woman With a Watch’ to be exhibited in Dubai on Sept 25-26
This would be for the first time that the painting has been exhibited outside of the United States in over 50 years. (Sotheby's) -
Alantra sets up base in DIFC
The global firm will provide investment banking services. -
AllianceBernstein office in DIFC
DIFC provides a platform for AB to expand its wings. -
DIFC forum to focus on optimizing treasury operations
Dubai, UAE - Standard Chartered will partner with the Dubai International Financial Centre (DIFC) in hosting the DIFC Treasury Leadership Forum, which will bring together senior treasurers from leading banks, multinationals and services providers to focus on how to optimize treasury operations for growth and the key trends shaping treasury... -
Enhanced governance, financial control crucial for SMEs’ growth in Gulf region, says expert
Despite significant rise in SMEs across GCC, there is still room for improvement in terms of governance, bringing in external shareholders, Rabih I. Khoury of MEVP tells TRENDS. -
Mastercard, DIFC to partner with FinTech companies for digital transformation
Dubai, UAE - Dubai International Financial Centre (DIFC), the leading financial centre in the Middle East, Africa and South Asia (MEASA) region, has signed a collaboration agreement with Mastercard that aims to drive digital transformation through partnerships with innovative FinTech companies. The partnership between DIFC and Mastercard will provide FinTech... -
Dubai International Financial Centre launches ‘metaverse platform’
Dubai, UAE--Dubai International Financial Centre (DIFC) unveiled the “DIFC Metaverse Platform” to attract technology innovators from around the world. The platform is part of a comprehensive strategy being developed by Dubai International Financial Centre, the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, to... -
DFSA releases 2023-24 plan to support Dubai’s growth as financial hub
DUBAI, UAE - The Chairman of the Dubai Financial Services Authority (DFSA), Fadel Al Ali Monday announced the publication of the DFSA’s Business Plan for 2023-24. The Business Plan has been developed to foster an enabling environment for firms as Dubai and the UAE continue to grow its reputation as... -
Britain, Dubai to deepen data partnership
There are as many as 5,000 British companies operating in the UAE, many of which depend on safe data transfers. -
State Grid Corporation of China opens first office in UAE
Dubai, UAE: State Grid Corporation of China (SGCC), the largest utility company in the world, has expanded its presence in the region by setting up an office in Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region. This is... -
DIFC unveils wealth center
The center will be a hub for high-net-worth individuals. -
Dubai International Financial Center launches AI, UAE’s first coding license
Companies holding the license will be able to work within a stimulating environment at the DIFC Innovation Hub. -
Empower begins to operate a new cooling plant in Dubai
Emirates Central Cooling Systems Corporation (Empower) has started operating the first phase of its new District Cooling plant in Za’abeel, Dubai, with a cooling capacity of 27,750 refrigeration tonnes (RT). -
DFSA enhances regulatory framework for the future of finance
The DFSA set up the Innovation Testing Licence (ITL) Programme to encourage innovation in the Dubai International Financial Centre and protect the market against risks. -
UAE’s new data law promises privacy
The law to include features of gold-standard data protection regulations such as Europe's GDPR (General Data Protection Regulation), the UK's Data Protection Act, the DIFC's Data Protection Regulation and the ADGM's Data Protection Regulation. -
Innovation, partnerships put Dubai at forefront of financial markets: Analysis
DUBAI: Innovative initiatives and partnerships along with a series of regulatory reforms have placed the financial markets industry in Dubai at the frontier of global financial centers, an analysis says. Summarized in the Policy Briefs Series of Dubai Competitiveness Office, the analysis of the financial markets in the emirate cited... -
DP World to help SMEs with trade finance
This is part of its strategy to become a global trade enabler. -
Chinese insurer opens first Middle East office in Dubai
Office located at Dubai International Financial Centre SINOSURE is a state-funded insurance company established to promote China’s foreign economic and trade development China Export and Credit Insurance Corporation (SINOSURE) has become the first Chinese insurer to open its office at Dubai International Financial Centre (DIFC). SINOSURE is a state-funded and... -
Innovation hub to make Dubai economy future-ready
The hub is an integral part of the roadmap for an innovation-driven growth in Dubai The facility, a part of Dubai’s future district, will house more than 350 FinTech and innovation companies An innovation hub officially launched at Dubai International Financial Centre (DIFC) on Tuesday by the Dubai deputy...