Maktoum bin Mohammed Chairs Dubai International Financial Centre Higher Board of Directors Meeting

Monday, December 10, 2018

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, today chaired the official meeting of DIFC’s Higher Board of Directors.

The meeting was an opportunity for the Centre’s three entities, DIFC Authority, Dubai Financial Services Authority (DFSA) and Dispute Resolution Authority (DRA) to share their key achievements in 2018 and outline priorities for the coming year. His Highness thanked the entities for their contributions which have further elevated Dubai’s position as the region’s highest ranked global financial centre.

Progress was reported on how DIFC has attracted a significant number of new clients during the year. The meeting highlighted the fact that the recent enactment of new laws and regulations will make it easier to undertake business in the Centre. It also discussed how the region’s leading FinTech proposition is contributing to Dubai’s innovation strategy.

HE Essa Kazim, Governor of DIFC, said: “During 2018, DIFC has continued to be the financial centre of choice for over 2,000 clients. This year’s achievements by the DIFC Authority, DFSA and DRA will further enhance the Centre’s reputation locally and globally. In 2019, we will continue to work with our clients and government stakeholders to drive the future of the Middle East, Africa and South Asia’s finance industry from DIFC.”