Dubai’s financial centre has jumped three places to 12th in the Global Financial Centers Index.
The rise was fueled by DIFC’s rapid growth: launched in 2004, it’s now home to more than 2,100 companies with 23,000 people living and working there.
Speaking exclusively to ARN News, Essa Kazim, governor of the DIFC, said the centre plans to triple in size by 2024.
One way of achieving that goal is by investing in new technology and new trends.
The Governor was speaking at the Global Financial Forum, taking place in Dubai, where he signed a number of agreements. They include tie-ups with Dubai SME, as well as with fintech hubs in Saudi Arabia and Milan.
You can hear the full interview with Essa Kazim on Dubai Eye 103.8's Business Breakfast from 6:00 am on Tuesday.
The UAE's Minister of Economy and Chairman of the General Civil Aviation Authority (GCAA), on Monday emphasised the aviation sector's critical role in the global economy, noting that it accounts for 12 to 13 per cent of GDP in some countries and supports millions of jobs worldwide.
World leaders and technology executives are convening in Paris on Monday to discuss how to safely embrace artificial intelligence at a time of mounting resistance to red tape that businesses say stifles innovation.
The Abu Dhabi Registration and Licensing Authority (ADRA), which develops and regulates the business sector, on Monday revealed significant growth in business licences and compliance indicators in the Emirate's mainland and non-financial economic free zones during 2024.
Dubai Electricity and Water Authority (DEWA) has announced that it will adopt the cubic metre as the standard unit for measuring water consumption starting from the March 2025 billing cycle.
The UAE Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, has said negotiations for the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Japan will be completed before the end of 2025.
Aviation sector contributes $4.1 trillion to global economy
Paris AI summit draws world leaders
16% growth in new economic licences in Abu Dhabi during 2024
DEWA updates billing on water consumption
UAE, Japan to complete CEPA by end of year
