DIFC

Creative FinTech solutions for leading financial institutions

Dubai - Musimchronicle

Tech-focused entrepreneurs, start-ups, SMEs and leaders are now able to give full vent to their potential at FinTech Hive at DIFC, the first-of-its-kind accelerator in the region, which announced Monday the commencement of its inaugural accelerator programme. The initiative features 11 finalists and brings together an emerging generation of technology leaders and entrepreneurs to address the evolving needs of theRead more

Dubai financial center’s Hive creates buzz

Dubai - Muslimchronicle

I met Raja Al-Mazrouei in the glittering new FinTech Hive at the Dubai International Financial Center (DIFC), all open-plan workspaces, break-out areas and coffee machines. There is even a sound-proofed pod suspended from the ceiling that looks like a football cut in half, where you can make mobile calls without being disturbed by the background noise from the young entrepreneursRead more

Plight of homeless Brits in Dubai worsens

DUBAI - Arab Today

Time is fast running out for a British widow and her two daughters who have been rendered homeless and penniless in Dubai following a catastrophic turn of events. Unable to afford accommodation, the women roughed it out in a car for nine months after their consultancy business in Jumeirah Lake Towers (JLT) collapsed under a mountain of debts. Nowhere toRead more

Emirates Reit owner Equitativa to build up assets in Abu Dhabi property funds

Dubai - Arab Today

The company behind the UAE’s first real estate investment trust (Reit) in Dubai is pressing ahead with plans to launch new property funds in Abu Dhabi and looking to expand its model to Saudi Arabia. Equitativa Real Estate, the umbrella company that owns the Reit manager for Nasdaq Dubai-listed Emirates Reit, said yesterday that it was looking to purchase assetsRead more

UK-based brokerage ActivTrades opens its first regional office

Dubai - WAM

ActivTrades PLC, a UK-based global regulated brokerage dealing in foreign exchange (Forex) and Contract for Differences (CFDs), today opened its office in the Dubai International Financial Centre (DIFC), based on a license from the Dubai Financial Services Authority (DFSA), its first in this region. ActivTrades provides clients with services for online Forex and CFD trading, including indices and commodities, throughRead more

Dubai Ruler issues law on DIFC Courts

Dubai - Arab Today

In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE His Highness Sheikh Mohammed bin Rashid Al Maktoum issued Law No. (5) of 2017 partially amending Law No. (12) of 2004 on the Judicial Authority at Dubai International Financial Centre Courts (DIFC Courts). In addition to civil and commercial claims, the new amendment expands theRead more

DIFC, Gujarat International Finance Tec-City sign MoU

Dubai - WAM

In an effort to encourage further cooperation and collaboration between the financial centres, Dubai International Financial Centre (DIFC) has signed a Memorandum of Understanding (MoU) with Gujarat International Finance Tec-City (GIFT). The MoU calls for sharing best practices of mutual interest, exchanging information on banking, financial service and securities, legislation and regulation, cooperation in the area of training, assistance inRead more

How to get a will for assets in the UAE

UAE - Arab Today

As a non-Muslim expat in the UAE, you may already have a will made in your home country for your assets there. But your home-country laws of inheritance may not apply to your movable and/or immovable assets in the UAE, unless you have a registered will recognised as per UAE laws. Do you feel that you don’t require a willRead more

National Bonds initiates Prestige wealth management program

Dubai - Arab Today

National Bonds Corporation (National Bonds), a Shariah-compliant savings and investments company in the UAE, has launched its Prestige wealth management program for high net-worth customers that total more than 11,000 of the company’s 817,000 client base. National Bonds announced the program at a reception in Dubai International Financial Center (DIFC). Attended by Sheikha Hind Al-Qassimi, chairwoman of Business Professional WomenRead more

DIFC hosts second Art Nights of 2016

Dubai - WAM

Dubai International Financial Centre (DIFC) is preparing to host the second edition of this year’s prestigious bi-annual event, Art Nights, on 23rd November 2016, from 7pm-10pm. Embracing DIFC’s sense of community, the free-to-attend event will bring together contemporary artists, established and new talent and global cuisine for an evening of culture and entertainment. Raja Al Mazrouei, Senior Vice President, MarketingRead more