Monday 3 September 2012

DIFC and capital heart of finance - The National

Global financial centres such as New York and London have developed over centuries around a core urban district - Wall Street and The City, respectively.

The UAE's ambitions to be the financial centre of the Arabian Gulf region focus on the Dubai International Financial Centre (DIFC) and the Al Maryah - formerly Sowwah - Island development in Abu Dhabi.

The DIFC, which began operating in 2004 around the distinctive Gate district, has nearly 900 registered member firms and has grown every year with the exception of 2009, which was affected by the global financial crisis.

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