DIFC

Dubai International Financial Centre reaffirms position as global hub for finance, innovation, and talent attraction with strong H1 2023 results

Retrieved on: 
Wednesday, August 2, 2023
Insurance, Growth, Fintech, Innovation, Dubai International Airport, Classification, Financial services, DIFC

DUBAI, UAE, Aug. 2, 2023 /PRNewswire/ -- Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, witnessed unparalleled growth in the first half of 2023.

Key Points: 
  • DUBAI, UAE, Aug. 2, 2023 /PRNewswire/ -- Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, witnessed unparalleled growth in the first half of 2023.
  • DIFC's performance reaffirms its efforts in driving the future of finance as the region's growth catalyst for financial institutions, FinTech firms and Innovation companies.
  • The inflow of hedge funds continued in H1 2023, leveraging DIFC's eco-system of over 300 Wealth and Asset Management firms, and progressive global centre for alternative investments.
  • Dubai is the only financial centre in the Middle East, Africa and South Asia region to be awarded this classification.

Dubai International Financial Centre reaffirms position as global hub for finance, innovation, and talent attraction with strong H1 2023 results

Retrieved on: 
Wednesday, August 2, 2023
Insurance, Growth, Fintech, Innovation, Dubai International Financial Centre, Classification, Financial services, DIFC

DUBAI, UAE, Aug. 2, 2023 /PRNewswire/ -- Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, witnessed unparalleled growth in the first half of 2023.

Key Points: 
  • DUBAI, UAE, Aug. 2, 2023 /PRNewswire/ -- Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, witnessed unparalleled growth in the first half of 2023.
  • DIFC's performance reaffirms its efforts in driving the future of finance as the region's growth catalyst for financial institutions, FinTech firms and Innovation companies.
  • The inflow of hedge funds continued in H1 2023, leveraging DIFC's eco-system of over 300 Wealth and Asset Management firms, and progressive global centre for alternative investments.
  • Dubai is the only financial centre in the Middle East, Africa and South Asia region to be awarded this classification.

Dubai International Finance Centre Grows at Record-Breaking Pace in 2022

Retrieved on: 
Monday, February 20, 2023
Insurance, GDP, Dubai International Financial Centre, Venture capital, Innovation, Fintech, Employment, History, Drug, Cryptocurrency, DIFC

DUBAI, UAE, Feb. 20, 2023 /PRNewswire/ -- Dubai International Financial Centre (DIFC), the Middle East, Africa and South Asia region's leading global financial centre, continued to grow at record-breaking pace in 2022.

Key Points: 
  • DUBAI, UAE, Feb. 20, 2023 /PRNewswire/ -- Dubai International Financial Centre ( DIFC ), the Middle East, Africa and South Asia region's leading global financial centre, continued to grow at record-breaking pace in 2022.
  • The total number of active registered companies in DIFC grew to 4,377 in 2022, up 20% from 3,644 in 2021.
  • During 2022, 1,084 new companies registered in DIFC, surpassing 1,000 for the first time in history.
  • DIFC recorded stellar financial performance and combined revenue exceeded USD272 mn for the first time since inception in 2022.

Dubai International Finance Centre Grows at Record-Breaking Pace in 2022

Retrieved on: 
Monday, February 20, 2023
Insurance, GDP, Dubai International Financial Centre, Venture capital, Innovation, Fintech, Employment, History, Drug, Cryptocurrency, DIFC

DUBAI, UAE, Feb. 20, 2023 /PRNewswire/ -- Dubai International Financial Centre (DIFC), the Middle East, Africa and South Asia region's leading global financial centre, continued to grow at record-breaking pace in 2022.

Key Points: 
  • DUBAI, UAE, Feb. 20, 2023 /PRNewswire/ -- Dubai International Financial Centre ( DIFC ), the Middle East, Africa and South Asia region's leading global financial centre, continued to grow at record-breaking pace in 2022.
  • The total number of active registered companies in DIFC grew to 4,377 in 2022, up 20% from 3,644 in 2021.
  • During 2022, 1,084 new companies registered in DIFC, surpassing 1,000 for the first time in history.
  • DIFC recorded stellar financial performance and combined revenue exceeded USD272 mn for the first time since inception in 2022.

Shamal Holding to bring iconic Baccarat Hotel & Residences to Dubai

Retrieved on: 
Tuesday, February 7, 2023
Dubai Frame, Investment, Daniel Libeskind, Travel, The Dubai Mall, Downtown, Burj Khalifa, Sand, Food, Dubai Creek, H&H, Hotel, DIFC

Set to open in 2026, Baccarat Hotel and Residences Dubai will be the first location of the iconic brand in the UAE and will offer a level of elegance reflective of the heritage of the brand.

Key Points: 
  • Set to open in 2026, Baccarat Hotel and Residences Dubai will be the first location of the iconic brand in the UAE and will offer a level of elegance reflective of the heritage of the brand.
  • The hotel is part of a new ultra-luxury, mixed-use development in Downtown Dubai, in line with Shamal Holding's commitment to investing in the extraordinary.
  • The architectural masterpiece that will be Baccarat Hotel & Residences Dubai is crystalline-inspired, creating a majestic presence that shines bright amongst the iconic skyline of the Downtown district.
  • The owner, Shamal Holding, will collaborate closely with H&H Development a real estate investor, developer, and asset manager based in Dubai.

Shamal Holding to bring iconic Baccarat Hotel & Residences to Dubai

Retrieved on: 
Tuesday, February 7, 2023
Dubai Frame, Investment, Daniel Libeskind, Travel, The Dubai Mall, Downtown, Burj Khalifa, Sand, Food, Dubai Creek, H&H, Hotel, DIFC

Set to open in 2026, Baccarat Hotel and Residences Dubai will be the first location of the iconic brand in the UAE and will offer a level of elegance reflective of the heritage of the brand.

Key Points: 
  • Set to open in 2026, Baccarat Hotel and Residences Dubai will be the first location of the iconic brand in the UAE and will offer a level of elegance reflective of the heritage of the brand.
  • The hotel is part of a new ultra-luxury, mixed-use development in Downtown Dubai, in line with Shamal Holding's commitment to investing in the extraordinary.
  • The architectural masterpiece that will be Baccarat Hotel & Residences Dubai is crystalline-inspired, creating a majestic presence that shines bright amongst the iconic skyline of the Downtown district.
  • The owner, Shamal Holding, will collaborate closely with H&H Development a real estate investor, developer, and asset manager based in Dubai.

Fundamental Hospitality Announces Global and Regional Expansion

Retrieved on: 
Tuesday, January 31, 2023
Gaia, Four Seasons, Restaurant, Financial centre, Research, Growth, City, Diplomatic Quarter General Authority, History, Season, Drug, Hotel, Tourism, Boxpark, Beach, DIFC, Kygo

DUBAI, UAE, Jan. 31, 2023 /PRNewswire/ -- Fundamental Hospitality today announces the international expansion of its home-grown, UAE-born dining and lifestyle concepts. With a substantial pipeline, the group will own and operate over 100 venues across MENA, Europe, UK and US over a 5-year period.

Key Points: 
  • The global holding group is set to roll out the expansion of Dubai-born hospitality concepts across MENA, Europe, UK, and US over the next 5 years
    DUBAI, UAE, Jan. 31, 2023 /PRNewswire/ -- Fundamental Hospitality today announces the international expansion of its home-grown, UAE-born dining and lifestyle concepts.
  • Responsible for developing and delivering home grown lifestyle concepts, Fundamental Hospitality offers an international ecosystem of brands which showcase the quality and innovation of the region, whilst simultaneously exporting them to key cosmopolitan cities around the world.
  • Maxim Vlasov, Co-Chairman of Fundamental Hospitality said, "With an ambitious, yet strategic pipeline, 2023 is set to become our most exciting year yet.
  • With exciting regional and international expansion plans and new openings set for 2023 and beyond, Fundamental Hospitality will continue their upward trajectory of growth to create luxurious dining experiences and further secure Dubai's reputation as a catalyst for curating and exporting culinary excellence.

Fundamental Hospitality Announces Global and Regional Expansion

Retrieved on: 
Tuesday, January 31, 2023
Gaia, Four Seasons, Restaurant, Financial centre, Research, Growth, City, Diplomatic Quarter General Authority, Multimedia, History, Season, Drug, Hotel, Tourism, Boxpark, Beach, DIFC, Kygo

DUBAI, UAE, Jan. 31, 2023 /PRNewswire/ -- Fundamental Hospitality today announces the international expansion of its home-grown, UAE-born dining and lifestyle concepts. With a substantial pipeline, the group will own and operate over 100 venues across MENA, Europe, UK and US over a 5-year period.

Key Points: 
  • The global holding group is set to roll out the expansion of Dubai-born hospitality concepts across MENA, Europe, UK, and US over the next 5 years
    DUBAI, UAE, Jan. 31, 2023 /PRNewswire/ -- Fundamental Hospitality today announces the international expansion of its home-grown, UAE-born dining and lifestyle concepts.
  • We focus on building brands that last, restaurants that are rooted in their communities, and I am so excited to continue to do so under the Fundamental Hospitality umbrella."
  • Maxim Vlasov, Co-Chairman of Fundamental Hospitality said, "With an ambitious, yet strategic pipeline, 2023 is set to become our most exciting year yet.
  • With exciting regional and international expansion plans and new openings set for 2023 and beyond, Fundamental Hospitality will continue their upward trajectory of growth to create luxurious dining experiences and further secure Dubai's reputation as a catalyst for curating and exporting culinary excellence.

Powered by DFSA License, CFS DIFC Limited Gears Up for Strategic Collaborations and Global Expansion

Retrieved on: 
Friday, November 25, 2022
Dubai Financial Services Authority, Investment, Byword, Continental Group of Institutes, Insurance, Financial technology, DFSA, Woman, Trust, HNW, CFS, UHNW, Longevity, Renewable energy, Bank, DIFC

DUBAI, UAE, Nov. 25, 2022 /PRNewswire/ -- CFS DIFC Limited, a leading insurance intermediary and financial services provider, has secured the Dubai Financial Services Authority (DFSA) licence to advise on financial products and arrange deals in investments related to long-term insurance contracts. The financial hub's growing stature as a framework that facilitates global expansion and market collaborations encouraged CFS DIFC Limited to procure the DFSA license.

Key Points: 
  • The financial hub's growing stature as a framework that facilitates global expansion and market collaborations encouraged CFS DIFC Limited to procure the DFSA license.
  • Founded in 1994, The Continental Group (CFS DIFC Limited) boasts a long pedigree in the insurance profession in the region.
  • Under the tutelage of Founder Ashok Sardana, the company has expanded to five countries, with over 250 staff operating from 10 offices.
  • "The Continental Group's entry into the DIFC opens opportunities for strategic collaborations.

Dubai Fintech 'Pasiv Financial' Granted Regulatory Authorization by DFSA, Unveils Proprietary Chat-Based Investment App

Retrieved on: 
Monday, October 17, 2022
Communication, ESG, Carbon, DFSA, WhatsApp, Investment, ETF, Artificial intelligence, Technology, Science and technology in Asia, Gen, CEO, Dubai International Airport, Dubai Financial Services Authority, Retirement, DIFC, Financial adviser, Bank, Apple

Dubai, United Arab Emirates--(Newsfile Corp. - October 17, 2022) - Dubai-based financial firm Pasiv unveils its proprietary chat-based investment app for wealth management.

Key Points: 
  • Dubai, United Arab Emirates--(Newsfile Corp. - October 17, 2022) - Dubai-based financial firm Pasiv unveils its proprietary chat-based investment app for wealth management.
  • The app has been developed as a conversational AI, intended to help people to manage their long-term investments in US stocks and ETFs.
  • Their chat-based investment app attempts to fill that gap as an innovative purpose-built solution, combining both virtual and human support when investors need it.
  • Pasiv App does not provide financial advice, tips or recommendations on securities to buy or sell.