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 US said it may ask a judge to force Alphabet's Google to divest parts of its business, such as its Chrome browser and Android operating system, that it says are used to maintain an illegal monopoly in online search.
The first edition of the Global Rail Transport Infrastructure Exhibition & Conference (Global Rail) 2024 was launched in Abu Dhabi on Tuesday and set to continue until Thursday. The event, hosted by Etihad Rail, was inaugurated by several UAE officials and industry leaders.
Boeing has withdrawn its pay offer to around 33,000 US factory workers and no further negotiations were planned with their union representatives, as a financially damaging strike nears its fourth week.
The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and the Ruler of Dubai, has approved the Union General Budget Plan for the fiscal year 2025.
Emirates has cancelled flights to Iran and Iraq until October 16, the airline announced on Tuesday evening. Earlier in the week, flights to Baghdad and Basra in Iraq had resumed before the latest update.