As international clients in the banking, insurance, wealth, and innovation industries continued to have faith in Dubai and the UAE, Dubai International Financial Centre (DIFC) on Monday reiterated the robustness, resiliency, and long-term prospects of its ecosystem.
“Over the past few weeks, countries in the Middle East have been navigating a period of regional uncertainty together,” stated DIFC Governor Essa Kazim. Our clientele and community have been DIFC’s real strength during these times. Our common conviction that Dubai and the UAE have long-term prospects for access to the 77 markets in the Middle East, Africa, and South Asia is what unites us.
Together, we are constructing the financial industry’s future and moving Dubai closer to ranking among the top four global financial hubs. “Firms operating within DIFC, from global banks to FinTech disruptors, say the current environment has not prompted retreat but rather reinforced the strategic importance of Dubai as a gateway to growth across the region,” stated Arif Amiri, Chief Executive Officer of the DIFC Authority.
Many see the current situation as a reminder of the reasons they first chose DIFC: a globally connected platform that can enable future growth, as well as a stable and supportive legal and regulatory framework. Recent achievements, such as Dubai’s ascent to seventh place in the Global Financial Centers Index in March—its highest ranking to date—support DIFC’s trajectory and highlight ongoing international trust in the emirate’s financial ecosystem.
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