Economy of Dubai

Legaltech Startup "Clara" Opens in Dubai Following Investment from DIFC FinTech Fund

Retrieved on: 
Monday, July 26, 2021
Economy of Dubai, Dubai International Financial Centre, Dubai, Articles, Economy, Financial technology, Financial centre, DIFC Courts

DUBAI, UAE, July 26, 2021 /PRNewswire/ -- Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, announced that it has invested in UK-based legaltech startup, Clara.

Key Points: 
  • DUBAI, UAE, July 26, 2021 /PRNewswire/ -- Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, announced that it has invested in UK-based legaltech startup, Clara.
  • The investment reflects the DIFC's commitment to driving the automation and digitisation of legal services.
  • The investment was made by the DIFC FinTech Fund, a USD 100 million fund announced in 2017 to help establish, grow and upscale startup and growth stage companies seeking access to MEASA markets.
  • We are therefore delighted to announce the DIFC's FinTech Fund investment in Clara, a rapidly growing legaltech startup that will make doing business easier for emerging companies and other businesses that form part of the region's largest financial services ecosystem."

Legaltech Startup "Clara" Opens in Dubai Following Investment from DIFC FinTech Fund

Retrieved on: 
Monday, July 26, 2021
Economy of Dubai, Dubai International Financial Centre, Dubai, Articles, Economy, Financial technology, Financial centre, DIFC Courts

DUBAI, UAE, July 26, 2021 /PRNewswire/ -- Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, announced that it has invested in UK-based legaltech startup, Clara.

Key Points: 
  • - ReinforcesDIFC's commitment to startups by licensing Clara to provide streamlined corporate services to DIFC companies using its innovative digital formations workflow.
  • DUBAI, UAE, July 26, 2021 /PRNewswire/ -- Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, announced that it has invested in UK-based legaltech startup, Clara.
  • The investment was made by the DIFC FinTech Fund, a USD 100 million fund announced in 2017 to help establish, grow and upscale startup and growth stage companies seeking access to MEASA markets.
  • We are therefore delighted to announce the DIFC's FinTech Fund investment in Clara, a rapidly growing legaltech startup that will make doing business easier for emerging companies and other businesses that form part of the region's largest financial services ecosystem."

Napier sets up at Dubai’s leading financial center in the Middle East with new DIFC office

Retrieved on: 
Tuesday, July 20, 2021
Finance, Professional services, Legal, Technology, Software, Economy of Dubai, Dubai, Dubai International Financial Centre, Articles, Economy, Financial centre, Financial technology

Napier, provider of advanced anti-financial crime compliance solutions, has announced it has extended its global footprint by opening a new office at Dubai International Financial Centre (DIFC), the global financial centre and leading FinTech hub in the MEASA region.

Key Points: 
  • Napier, provider of advanced anti-financial crime compliance solutions, has announced it has extended its global footprint by opening a new office at Dubai International Financial Centre (DIFC), the global financial centre and leading FinTech hub in the MEASA region.
  • Strategically located between East and West, DIFC is recognized as the leading financial center in the Middle East, Africa and South Asia (MEASA).
  • Salmaan Jaffery, Chief Business Development Officer at DIFC Authority, said: The worlds leading financial and FinTech institutions are based at DIFC and we are delighted to welcome Napier into the fold.
  • Napier already works on AI-led anti-financial crime solutions with many organizations across MEASA, including Saudi Arabian Monetary Agency, Central Bank of UAE and directly with DIFC.

Leader in Anti-financial Crime Compliance, Napier, Expands Global Footprint With New UAE Base

Retrieved on: 
Tuesday, July 20, 2021
Professional services, Technology, Legal, Other Technology, Finance, Software, Economy of Dubai, Dubai International Financial Centre, Dubai, Articles, Economy, Regulatory technology, Financial centre, Financial technology

Napier, provider of advanced anti-financial crime compliance solutions, has announced it has extended its global footprint by opening a new office at Dubai International Financial Centre (DIFC), the global financial centre and leading FinTech hub in the MEASA region.

Key Points: 
  • Napier, provider of advanced anti-financial crime compliance solutions, has announced it has extended its global footprint by opening a new office at Dubai International Financial Centre (DIFC), the global financial centre and leading FinTech hub in the MEASA region.
  • Strategically located between East and West, DIFC is recognized as the leading financial center in the Middle East, Africa and South Asia (MEASA).
  • Located in the recently inaugurated Innovation Hub, part of the Dubai Future District, Napiers new UAE base puts the RegTech provider at the center of the regions largest collection of financial services companies.
  • Napier already works on AI-led anti-financial crime solutions with many organizations across MEASA, including Saudi Arabian Monetary Agency, Central Bank of UAE and directly with DIFC.

Hyde Hotels to Open its First International Property in Dubai

Retrieved on: 
Tuesday, June 15, 2021
Dubai, Persian Gulf, Economy of Dubai, Emirates of the United Arab Emirates, Outline of Dubai, Developments in Dubai

Hyde Hotels to Open its First International Property in Dubai.

Key Points: 
  • Hyde Hotels to Open its First International Property in Dubai.
  • Hyde Dubai Business Bay to open in Q4 2021.
  • Hyde Hotel Dubai Business Bay, a five-star hotel, is set to open in Q4 2021.
  • Business Bay is a top trendyresidential and professional hub in Dubai, making it the ideal location for Hyde Dubai.

FinTechs Safened and DepositBook announce a Strategic Partnership

Retrieved on: 
Monday, June 14, 2021
Dubai International Financial Centre, Economy of Dubai, Bank, Economies

NEW YORK, June 14, 2021 /PRNewswire/ -- Safened, based in Amsterdam and its US broker/dealer affiliate Safened US Inc. are pleased to announce their strategic partnership with DepositBook, a UK and Dubai based deposit platform.

Key Points: 
  • NEW YORK, June 14, 2021 /PRNewswire/ -- Safened, based in Amsterdam and its US broker/dealer affiliate Safened US Inc. are pleased to announce their strategic partnership with DepositBook, a UK and Dubai based deposit platform.
  • With our partnership, we can offer our US customers potentially attractive risk adjusted returns on term deposit offers of these GCC banks," according to Chris van Straeten, Co-Founder & Director of Safened.
  • "The partnership between Safened and DepositBook will significantly accelerate growth and provide a strong value proposition to the customers and Partner Banks of both platforms.
  • DepositBook is a UK (regulated by FCA) and UAE (DIFC) based global marketplace for wholesale deposits (High Value Deposits).

Thunderbird Global Innovation Center Launches In Dubai

Retrieved on: 
Wednesday, May 26, 2021
Economy of Dubai, Dubai International Financial Centre, Articles, Thunderbird School of Global Management, Innovation, Economy, Maricopa County, Arizona, Mark Beer

DUBAI, May 26, 2021 /PRNewswire/ -- Thunderbird School of Global Management opened a new satellite center of excellence called Thunderbird Global Innovation Center in partnership with Dubai International Financial Center ( DIFC ), the global finance and leading fin-tech hub, with over 300 fin-tech and innovation companies in the Middle East, Africa and South Asia (MEASA) region.

Key Points: 
  • DUBAI, May 26, 2021 /PRNewswire/ -- Thunderbird School of Global Management opened a new satellite center of excellence called Thunderbird Global Innovation Center in partnership with Dubai International Financial Center ( DIFC ), the global finance and leading fin-tech hub, with over 300 fin-tech and innovation companies in the Middle East, Africa and South Asia (MEASA) region.
  • The new Thunderbird Global Innovation Center is located on the first floor of Gate Avenue at DIFC, in the heart of Dubai's flourishing international business district.
  • Known as a leading world-class business and innovation destination, Gate Avenue at DIFC provides the most powerful innovation and entrepreneurship ecosystem in the region.
  • Thunderbird Global Innovation Center will capitalize on DIFC's unmatched location and network to catalyze and accelerate start-ups and existing firms while providing world-class international business, leadership and management training, including delivery of graduate degree programs.

GSB Capital set to disrupt and innovate the broken UAE wealth management industry

Retrieved on: 
Wednesday, April 14, 2021
Economy of Dubai, Dubai, Dubai International Financial Centre, Economy, Finance, DIFC Courts, Dubai Financial Services Authority, Wealth management

b'DUBAI, U.A.E, April 14, 2021 /PRNewswire/ -- GSB Capital (GSB) has launched a new wealth management offering in Dubai, with ambitious growth plans as part of its focus on being able to deliver tailored solutions for private and corporate clients.\nCombined with several joint ventures and partnerships with venture capitalists and other product providers, GSB will be well-positioned to work closely with and offer the required customised services to private as well as corporate clients.\n"Our focus is on bringing the best possible solutions to our clients\' wealth management and financial guardianship needs through our business strategy," said Ross Whatnall, CEO and Founder.\n"Utilising strategies in innovative, socially responsible investments, we aim to deliver trusted performance for our clients.

Key Points: 
  • b'DUBAI, U.A.E, April 14, 2021 /PRNewswire/ -- GSB Capital (GSB) has launched a new wealth management offering in Dubai, with ambitious growth plans as part of its focus on being able to deliver tailored solutions for private and corporate clients.\nCombined with several joint ventures and partnerships with venture capitalists and other product providers, GSB will be well-positioned to work closely with and offer the required customised services to private as well as corporate clients.\n"Our focus is on bringing the best possible solutions to our clients\' wealth management and financial guardianship needs through our business strategy," said Ross Whatnall, CEO and Founder.\n"Utilising strategies in innovative, socially responsible investments, we aim to deliver trusted performance for our clients.
  • By taking an ethical and transparent fee-based approach for our advice, our clients have peace of mind they will receive an entirely autonomous approach," he explained.\nTo reflect this client-first philosophy, GSB is further differentiated from many peers by registering with the Dubai International Financial Centre (DIFC) and being regulated by the Dubai Financial Services Authority (DFSA).
  • GSB will be one of fewer than five wealth management firms operating within the highly regulated DIFC, which offers investors protection in the event of any dispute through the DIFC Courts.
  • GSB is also regulated in the UK and Europe.\n"These additional compliance commitments are an important way for us to give all investors comfort about the fact we are properly regulated," added Whatnall.\nGSB is also planning to upgrade its existing Category 4 DIFC licence to Category 3 by 2022, so that the firm can also offer custody services.\nThis will build on the five key principles that underpin the firm\'s activities:\nCombining a low cost, passive strategy blended with a bias towards disruptive, forward-thinking ESG investing to deliver market leading returns\nGSB Capital provides comprehensive global wealth management and financial guardianship solutions.\nAt GSB Capital we place the utmost importance on guarding and growing our client\'s wealth by being at the cutting edge of investing and wealth planning.\nCombining expertise in wealth management and comprehensive financial guardianship to provide clients with principled, tailored solutions.\nWorking closely with our clients, we consider all facets of their lives and ambitions, where we offer the most personalised service to deliver their financial goals.\nUtilising strategies in innovative, socially responsible investments, GSB Capital aims to deliver trusted performance for our clients.\nBy taking an ethical and transparent fee-based approach for our advice, our clients have peace of mind they will receive an entirely autonomous approach.\n'

GSB Capital set to disrupt and innovate the broken UAE wealth management industry

Retrieved on: 
Wednesday, April 14, 2021
Economy of Dubai, Dubai, Dubai International Financial Centre, Economy, Finance, DIFC Courts, Dubai Financial Services Authority, Wealth management

b'DUBAI, U.A.E, April 14, 2021 /PRNewswire/ -- GSB Capital (GSB) has launched a new wealth management offering in Dubai, with ambitious growth plans as part of its focus on being able to deliver tailored solutions for private and corporate clients.\nCombined with several joint ventures and partnerships with venture capitalists and other product providers, GSB will be well-positioned to work closely with and offer the required customised services to private as well as corporate clients.\n"Our focus is on bringing the best possible solutions to our clients\' wealth management and financial guardianship needs through our business strategy," said Ross Whatnall, CEO and Founder.\n"Utilising strategies in innovative, socially responsible investments, we aim to deliver trusted performance for our clients.

Key Points: 
  • b'DUBAI, U.A.E, April 14, 2021 /PRNewswire/ -- GSB Capital (GSB) has launched a new wealth management offering in Dubai, with ambitious growth plans as part of its focus on being able to deliver tailored solutions for private and corporate clients.\nCombined with several joint ventures and partnerships with venture capitalists and other product providers, GSB will be well-positioned to work closely with and offer the required customised services to private as well as corporate clients.\n"Our focus is on bringing the best possible solutions to our clients\' wealth management and financial guardianship needs through our business strategy," said Ross Whatnall, CEO and Founder.\n"Utilising strategies in innovative, socially responsible investments, we aim to deliver trusted performance for our clients.
  • By taking an ethical and transparent fee-based approach for our advice, our clients have peace of mind they will receive an entirely autonomous approach," he explained.\nTo reflect this client-first philosophy, GSB is further differentiated from many peers by registering with the Dubai International Financial Centre (DIFC) and being regulated by the Dubai Financial Services Authority (DFSA).
  • GSB will be one of fewer than five wealth management firms operating within the highly regulated DIFC, which offers investors protection in the event of any dispute through the DIFC Courts.
  • GSB is also regulated in the UK and Europe.\n"These additional compliance commitments are an important way for us to give all investors comfort about the fact we are properly regulated," added Whatnall.\nGSB is also planning to upgrade its existing Category 4 DIFC licence to Category 3 by 2022, so that the firm can also offer custody services.\nThis will build on the five key principles that underpin the firm\'s activities:\nCombining a low cost, passive strategy blended with a bias towards disruptive, forward-thinking ESG investing to deliver market leading returns\nGSB Capital provides comprehensive global wealth management and financial guardianship solutions.\nAt GSB Capital we place the utmost importance on guarding and growing our client\'s wealth by being at the cutting edge of investing and wealth planning.\nCombining expertise in wealth management and comprehensive financial guardianship to provide clients with principled, tailored solutions.\nWorking closely with our clients, we consider all facets of their lives and ambitions, where we offer the most personalised service to deliver their financial goals.\nUtilising strategies in innovative, socially responsible investments, GSB Capital aims to deliver trusted performance for our clients.\nBy taking an ethical and transparent fee-based approach for our advice, our clients have peace of mind they will receive an entirely autonomous approach.\nView original content to download multimedia: http://www.prnewswire.com/news-releases/gsb-capital-set-to-disrupt-and-i...\n'

Announcement of Intention to Float on the Dubai Financial Market

Retrieved on: 
Tuesday, March 23, 2021
Economy of Dubai, Dubai, Drexel Burnham Lambert, Financial advisors, Moelis & Company, Finance, Financial services, Dubai International Financial Centre, Dubai Financial Services Authority, Financial adviser

If you do not understand the contents of this announcement, you should consult an authorised financial adviser.

Key Points: 
  • If you do not understand the contents of this announcement, you should consult an authorised financial adviser.
  • Exempt Offer Statement (ADGM): This announcement is an Exempt Offer in accordance with the Market Rules of the ADGM Financial Services Regulatory Authority.
  • Acquiring investments to which this announcement relates may expose an investor to a significant risk of losing all of the amount invested.
  • Moelis & Company UK LLP ("Moelis UK") is regulated by the Financial Conduct Authority and Moelis & Company UK LLP DIFC Branch ("Moelis Dubai" and together with Moelis UK, "Moelis & Company") is regulated by the Dubai Financial Services Authority.