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Monday, 20 February 2017

Dubai International Financial Centre grows 14% in 2016

Dubai International Financial Centre grows 14% in 2016:

"Dubai’s financial centre grew by 14 per cent in 2016, bucking the trend of the emirate’s slowdown amid the regional oil price slump.

Active registered firms at the Dubai International Financial Centre, the region’s leading hub for financial firms, rose to 1,648 from 1,445 in 2015, helping the government-owned free zone’s profit rise 7 per cent to Dh421m ($115m) in 2016.

The number of financial firms in the DIFC grew by 10 per cent, while non-financial companies grew by 17 per cent and retail outlets expanded by 12 per cent."



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