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DIFC records 16pc hike in 2012 employmentDubai International Financial Centre (DIFC), the leading financial hub in the region, has posted a 16 per cent growth rate in the combined workforce of DIFC-registered companies during 2012 as against 2011. The number of active re More… |
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Ritz-Carlton DIFF names 4 key officialsThe Ritz-Carlton, Dubai International Financial Centre has announced the appointment of four new officials to senior management positions. As the hotel nears the end of its second successful year in operation, the new team members More… |
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DIFC-based firms post $12.8bn in depositsDeposits out of the Dubai International Financial Centre (DIFC) by regulated entities have grown at an average annual rate of 39 per cent in the past three years to reach $12.8 billion at the end of the first quarter of 2012, a report said. More… |
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Jefferies opens new DIFC officeJefferies announced that it has opened an office at the Dubai International Financial Centre (DIFC), following approval from the Dubai Financial Services Authority for a Category 4 license that allows it to operate as an authorised entity from the More… |
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Forum studies crisis impact on ME investmentsThe Dubai International Financial Centre (DIFC) hosted a major forum to discuss the impact of global turbulence on investment in the Mena region and its future development. The forum entitled "Global Turbulence and Mena Transformations – P More… |
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DIFC inks co-op deal with Chinese exchangeThe Dubai International Financial Centre (DIFC) said it has signed a MoU with the Chinese Pudong Financial Services Bureau (PFSB) to boost exchange of financial services and development. The MoU sets out the frameworks agreed between the t More… |
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StanChart launches ME custody servicesStandard Chartered Bank said it has launched the regional custody services for investors and intermediaries in the Middle East region from its office in Dubai International Financial Centre (DIFC). The bank’s new offering will give custom More… |
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DIFC signs agreement with DTCMThe Dubai International Financial Centre (DIFC) and the Department of Tourism and Commerce Marketing (DTCM) have signed a MoU to enhance strategic cooperation between the two entities. “The MoU will strengthen our relationship with DTCM an More… |
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DIFC unit's debt rating downgradedDubai International Financial Centre's (DIFC) wholly owned subsidiary DIFC Investors Service ((DIFCI) has had its debt rating reduced to B3 from B2 with a negative outlook. Moody's says that DIFCI's downgrade to B3 reflects the More… |
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IDBI Bank secures DIFC licenceIDBI Bank, a leading bank majority owned by Government of India, has received a licence from the Dubai Financial Services Authority (DFSA) to open a branch at Dubai International Financial Centre (DIFC). The bank's DIFC office will pro More… |
