DIFC in Dubai a hub for Chinese investors as UAE and China strengthen business bonds
Dubai International Financial Centre
Latest in Dubai International Financial Centre
DFSA
Dubai regulator imposes $2.5mn in fines in financial services crackdown
The DFSA finalised eight enforcement actions and issued 24 alerts in 2024
DIFC
Dubai International Financial Centre introduces new laws, amends mortgage rules
DIFC enacts new laws as it tweaks legal process and mortgage application rules in Dubai
DFSA
Dubai watchdog DFSA slaps $100,000 fine on marketing firm for misleading financial promotions in DIFC
The regulator imposed a fine of $100,000 (AED367,000) on Vedas Marketing for two violations
DIFC
Billion-dollar telco VEON announces plan to relocate to Dubai
The company will move its HQ from Amsterdam to Dubai
DFSA
Dubai watchdog DFSA imposes almost $1mn combined fine on OCS International Finance and its CEO, citing regulatory breaches
The DFSA fined OCS $720,905 (AED2,645,721) and Thurner $186,003 (AED682,631) after applying a 30 percent settlement discount
DFSA
Ripple secures in-principle approval from DFSA to expand cross-border payment services in UAE
Ripple becomes the first blockchain-enabled payment services provider to be licensed by the DFSA
DIFC
DIFC: Capricorn launches platform to host fund managers in Dubai
Capricorn Fund Managers Dubai launches hosting solution for fund managers in DIFC
DIFC
Banking giant Investec opens its Dubai office at DIFC
The new office of the international bank and well-known wealth management company is at Central Park Towers in DIFC
DIFC
Dubai hedge fund boom lifts UAE economy as region’s rich look to invest
Dubai International Financial Centre authorised 10 new hedge funds last year as rising millionaire population want to invest cash and grow wealth
Asset Management
Dubai International Financial Centre announces Funds Centre to attract wealth and asset managers
Dubai International Financial Centre Funds Centre invites applications as it looks to lure wealth funds and asset managers to the city
DFSA
Dubai’s DFSA reports 22% strong growth in first half of 2024
The total number of regulated entities in the Dubai International Financial Centre (DIFC) has reached 837
DFSA
DFSA slaps $980,020 fine on former Mirabaud banker
The regulator found that Georgiou lacked integrity and was unfit to provide financial services in the DIFC
Blockchain
Crypto firm Ripple teams up with DIFC to boost blockchain business in Dubai
DIFC and Ripple set to accelerate blockchain and crypto innovation in Dubai
Companies in DIFC
India’s Nuvama Private launches wealth management base in Dubai
Nuvama Private targets wealthy Indian investors with Dubai International Financial Centre office
DIFC
DIFC Courts record strong uptake in first half of 2024
The total value of cases across all divisions was AED1.05 billion, with 480 cases filed, the Dubai International Financial Centre (DIFC) Courts said
commercial real estate
Dubai announces new mixed-use development project ‘DIFC Square’
DIFC Square will comprise three connected buildings providing 600,000 square feet of office space and 17,200 square feet of retail area