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Al-Ittihad – Maktoum bin Mohammed: “Dubai International Financial” is able to continue growth

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Maktoum bin Mohammed: «Dubai International Financial» is able to continue growth

Dubai (WAM)

The Dubai International Financial Center, a pioneer in the Middle East, Africa and South Asia, continued to lead the future of the financial sector in the region during the first half of this year, with progress being made in terms of “its strategic priorities 2024” and reaching the highest rate of company registration in light of its continued work with its partners To overcome the consequences of the pandemic crisis, “Covid 19”, and get out of it more powerfully.
The financial center revealed that 310 new companies joined its lists during the first six months of this year, an increase of 25% compared to the same period last year, bringing the number of active companies in the center to 2.584 companies, in a major achievement at a time when the world is suffering the repercussions of a pandemic crisis. Covid-19 », while this achievement comes as the financial sector and related innovative sectors continue to place their trust in Dubai, as the leading financial center and preferred financial technology center in the Middle East, Africa and South Asia.
On this occasion, His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of the Dubai International Financial Center, stressed that “the center’s ability to continue growth, despite the challenges arising from the Covid-19 epidemic that swept the world, and left huge negative effects on its largest economies A new global testimony on the solid foundation on which the Dubai International Financial Center is based, and a clear demonstration that it has the tools and ingredients that guarantee its readiness to face various conditions, and enables it to stand firm in the face of crises, based on the firm foundations laid by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Deputy The President of the State, Prime Minister and Ruler of Dubai, may God bless him, to ensure the stability of the economic system in Dubai, and the principles that His Highness laid down for the Center, and made him a partner that enjoys the trust and respect of the major international financial and economic institutions.
His Highness added: “Since its inception, the Dubai International Financial Center has invested in strengthening its partnership with the financial and business community in the region and the world, and has worked very hard to provide constructive solutions that enable them to continue their work and pursue their goals, even in the most difficult circumstances, thanks to a highly efficient and reliable infrastructure, frameworks Legislative, sophisticated, and with a great deal of flexibility designed to take into account the interests of partners and support their business in accordance with international best practices, and a solid fence of good governance that protects the rights of all institutions working in it, and helps it to start its business in an optimal manner.
Regarding the requirements of the current stage and future aspirations of the Dubai International Financial Center, His Highness said: “We will continue dialogue and work with all our partners of all sizes of their work to monitor and provide more innovative solutions to overcome all difficulties, confirming the role of the center as a main hub for financial activities in the region, and to complete the success path that Through which he reached a high position among the top 10 financial centers in the world ».
Two records
The Dubai International Financial Center continued to achieve growth in the first half of this year, with a monthly average of companies registering at 52 companies, and two records in the average company registration at 66 companies in March and 88 companies in June, where the financial center today is home to Of 820 financial companies, an increase of 22% compared to the same period last year and an increase of 11% compared to fiscal year 2019.
Reflecting the focus of the Dubai International Financial Center on innovation and technology, financial technology companies continued to consolidate their position as a key factor for growth, with 87 companies specializing in financial technology joined the system of innovation and technology excellence in the center, bringing the number of registered and licensed financial technology companies by 74% compared to the first half From the year 2019.
Issa Kazim, Governor of the Dubai International Financial Center, said: “We will continue to play a major role in contributing to the strengthening of the economy as we enter a new stage of digital transformation and work within the (emerging normal situation), where we will confirm the continuation of the future approach to ensure the formulation of the future of the financial sector, and attract Leading global companies, promising startups and best talent. ”
For his part, Arif Amiri, Chief Executive Officer of the DIFC Authority, said: “During the first six months of this year, the DIFC continued to grow towards achieving the 2024 goals, as the focus on consolidating the center’s reputation remains among the best global financial centers and among the best The centers of financial technology and innovation, we succeeded during the first half of the year in recording record performance at the level of company registration over a period of two months, which was achieved along with the support of companies from customers during the Covid 19 crisis, whom we thank for their confidence that they put in Dubai and the financial center ».

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