H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and President of the Dubai International Financial Centre (DIFC), chaired a meeting of DIFC\u2019s Higher Board of Directors.<\/p>\n\n\n\n
Sheikh Maktoum said DIFC and its business ecosystem continue to make substantial contributions to accelerating the country\u2019s growth. \u201cSince its inception in 2004, DIFC has played an instrumental role in increasing the diversity and depth of the UAE and Dubai\u2019s financial services sector and remains a key driver of innovation and transformation in the industry.\u201d<\/p>\n\n\n\n
Highlighting DIFC\u2019s exceptional performance in 2022, he said the Centre\u2019s achievements have been driven by the vision of\u00a0His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, which has enabled Dubai to maintain a steady sustainable growth trajectory despite the challenging global environment.<\/p>\n\n\n\n
“Guided by His Highness Sheikh Mohammed bin Rashid\u2019s vision, we continue to work to raise the UAE and Dubai\u2019s stature and competitiveness as a leading international business and financial services hub,\u201d he added.<\/p>\n\n\n\n
The Higher Board reviewed the key achievements of the Centre\u2019s three independent bodies \u2013 the DIFC Authority, the Dubai Financial Services Authority (DFSA) and DIFC Courts in 2022. The meeting acknowledged the role of DIFC senior management and their teams in making the Centre the world\u2019s best-performing free zone globally in attracting FDI projects in the financial services sector over the last five consecutive years.<\/p>\n\n\n\n
The meeting also noted the progress made in achieving the goals of DIFC\u2019s 2030 Strategy, especially the development of Dubai into a financial innovation and technology hub. Other key objectives that are part of the Strategy include the realignment and expansion of the DIFC Innovation Hub, the development of regulations for digital assets and future-focused approaches to resolution management.<\/p>\n\n\n\n
Essa Kazim, Governor of DIFC, said, \u201cDuring 2022, DIFC successfully increased its economic contribution to the UAE and Dubai\u2019s economies by delivering on the key objectives of its 2030 Strategy. As we move towards 2023, DIFC remains focused on its vision to drive the future of finance, which will attract more finance-related FDI projects to Dubai and further enhance our reputation as the region\u2019s leading global financial centre.\u201d<\/p>\n\n\n\n
The meeting urged DIFC bodies to remain focussed on the future and continue to work to consolidate Dubai\u2019s position as one of the world\u2019s highest-ranked financial centres. It also discussed how DIFC can set an example for the financial industry in contributing to global climate, environmental, social and governance goals that will be discussed during the COP28 climate conference hosted by the UAE and to be held in Dubai next year.<\/p>\n\n\n\n
DIFC is one of the world\u2019s most advanced financial centres, and the leading financial hub for the Middle East, Africa and South Asia (MEASA) region. With a track record of facilitating trade and investment flows across the MEASA region, over almost two decades, the Centre connects the fast-growing markets in the region with the economies of Asia, Europe and the Americas.<\/p>\n\n\n\n
DIFC is home to an internationally recognised, independent regulator and a proven judicial system with an English common law framework, as well as the region\u2019s largest financial ecosystem of almost 30,000 professionals and over 4,000 active registered companies \u2013 making up the largest and most diverse pool of industry talent in the region.<\/p>\n","protected":false},"excerpt":{"rendered":"
H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and President of the Dubai International Financial Centre (DIFC), chaired a meeting of DIFC\u2019s Higher Board of Directors. Sheikh Maktoum said DIFC and its business ecosystem continue to make substantial contributions to accelerating the country\u2019s growth. …<\/p>\n","protected":false},"author":2,"featured_media":51024,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-51023","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news"],"_links":{"self":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/51023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/comments?post=51023"}],"version-history":[{"count":1,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/51023\/revisions"}],"predecessor-version":[{"id":51025,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/51023\/revisions\/51025"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/media\/51024"}],"wp:attachment":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/media?parent=51023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/categories?post=51023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/tags?post=51023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}