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‘DIFC looks east as Dubai financial hub seeks new clients’


Dubai International Financial Centre has posted continued growth in the first half of 2015, as it gears up for another...


Dubai International Financial Centre has posted continued growth in the first half of 2015, as it gears up for another push for new business in Asia. The DIFC yesterday reported a 19.2 per cent rise in companies registered at the emirate’s financial hub compared with the same period last year, with an 11.8 per cent jump in the number of employees. Interest in the DIFC from outside the traditional financial centres of North America and Europe continued to grow, with Chinese and Indian banks now making up the majority of balance sheet assets at DIFC. Essa Kazim, governor of the DIFC and chairman of the DIFC Authority is preparing to lead a party of DIFC officials and member firms on a week-long roadshow to China this week, where it will seek to add to the growing number of financial institutions from that country that have a presence in the centre.

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The National, Zawya, Emirates 24/7, Gulf News,Economic Times


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