Tuesday 19 July 2011

Value of DIFC activity rises 5.2% - The National

The value of business conducted in the Dubai International Financial Centre rose 5.2 per cent last year to US$2.92 billion (Dh10.72bn) compared with the previous year, officials say.

An increasing influx of companies from emerging markets and the emirate's status as a haven from unrest elsewhere are expected to further boost the financial free zone's performance this year.

The Dubai International Financial Centre (DIFC) accounted for 3.6 per cent of the emirate's GDP last year and 1 per cent of national GDP, the free zone said. The UAE's economy grew 3.2 per cent last year, the IMF estimates.

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