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DIFC

Abu Dhabi Global Market enhances data protection regulations

Abu Dhabi - Arab Today

The Abu Dhabi Global Market, ADGM, has announced the enhancements of the ADGM Data Protection Regulations and the launch of the Annual Data Protection Forum, following the establishment of the ADGM Office of Data Protection in December 2017. The market has amended its Data Protection Regulations 2015 to enhance the clarity and effectiveness of the regime. The new enhancements includeRead more

Substantial progress on Gate Avenue, opening 2018

Dubai - Arab Today

Gate Avenue at the Dubai International Financial Centre, DIFC, the new premium urban retail, leisure and cultural development, has made significant construction progress ahead of its opening in 2018. Substantial completion of the project’s first phase is on track for the first half of 2018. A significant number of retail units have been handed over to tenants for design andRead more

Substantial progress on Gate Avenue, opening 2018

Dubai - Arab Today

DIFC launches US$100 million FinTech fund

Dubai - Arab Today

Dubai International Financial Centre, DIFC, today announced the launch of a US$100 million FinTech-focused fund to accelerate the development of financial technology by investing in start-ups from incubation through to growth stage, in the presence of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of DIFC. The fund was announced during the inauguralRead more

Success of FinTech Hive at DIFC celebrated on investor day

Dubai - Arab Today

FinTech Hive at Dubai International Financial Centre, DIFC, has concluded its inaugural cycle yesterday with the much-anticipated Investor Day that saw the 11 programme start-ups present their products to a host of investors and industry experts. FinTech Hive at DIFC, developed in partnership with Accenture, has become a centre of innovation for partners and participants. Over the course of theRead more

Regulators highlight actions to stimulate debt capital market at summit

Dubai - Arab Today

Gulf capital market regulators have highlighted the actions they have taken to stimulate the region’s bond and Sukuk market. The announcements came on Monday as the Gulf Bond and Sukuk Association, GBSA, the trade association representing the Arabian Gulf fixed income market, gathered industry leaders and government regulators at its Regional Debt Capital Market Summit at The Ritz Carlton, DIFC inRead more

DMCC, Maersk team up to bring ‘One-Stop-Shop’ shipping

Dubai - WAM

DMCC, the Government authority on trade, enterprise and commodities in Dubai, has teamed up with Maersk Trade Finance to offer a ‘one-stop-shop’ solution that handles both the flow of goods and financing. The requirement was raised by DMCC’s Food Trade Group, set up in October 2016, an industry group aimed at growing the global food trade industry by connecting financiersRead more

Dubai financial center unveils $100m fintech fund

Dubai - Arab Today

The Dubai International Financial Center (DIFC) has launched a $100 million fund for investment in financial technology, the fastest-growing sector of the global financial services industry. The fund will be invested from the UAE hub’s own internal resources, but may also get backing from other Dubai government entities, though private-sector bank finance has been ruled out. Essa Kazim, the governorRead more

Mohammed bin Rashid issues Law regulating inheritance

Dubai - Arab Today

The Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has issued Law No. 15 of 2017 regulating inheritance, wills and probate for non-Muslims. The Law, which is applicable to the wills and assets of non-Muslims based in Dubai including the Dubai International Financial Centre, DIFC, creates a clear legal framework for non-MuslimsRead more

DFSA continues to develop its funds regime

Dubai - WAM

The Dubai Financial Services Authority, DFSA, today consulted on a comprehensive package of proposals to support the continued development of the growing funds industry in the Dubai International Financial Centre, DIFC. The proposals are wide-ranging and are designed to provide greater flexibility for investors and fund managers in the centre. Ian Johnston, Chief Executive of the DFSA, said, "These proposals,Read more