(Photo: WAM)

Dubai hosts DIFC Higher Board of Directors Meeting

December 11, 2018

Sheikh Maktoum bin Mohammed chairs DIFC Higher Board of Directors Meeting … reports Asian Lite News.

(Photo: WAM)

H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of Dubai International Financial Centre, DIFC, today chaired the meeting of DIFC’s Higher Board of Directors.

The meeting was an opportunity for the Centre’s three entities, DIFC Authority, Dubai Financial Services Authority, DFSA, and Dispute Resolution Authority, DRA, to share their key achievements in 2018 and outline priorities for the coming year. His Highness thanked the entities for their contributions which have further elevated Dubai’s position as the region’s highest ranked global financial centre.

Progress was reported on how DIFC has attracted a significant number of new clients during the year. The meeting highlighted the fact that the recent enactment of new laws and regulations will make it easier to undertake business in the Centre. It also discussed how the region’s leading FinTech proposition is contributing to Dubai’s innovation strategy.

Essa Kazim, Governor of DIFC, said, “During 2018, DIFC has continued to be the financial centre of choice for over 2,000 clients. This year’s achievements by the DIFC Authority, DFSA and DRA will further enhance the Centre’s reputation locally and globally. In 2019, we will continue to work with our clients and government stakeholders to drive the future of the Middle East, Africa and South Asia’s finance industry from DIFC.”

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