Dubai to open doors to funds

Dubai’s financial services watchdog is expected to liberalise the rules governing its funds industry to attract more of the investment vehicles to the emirate.

A 10-member panel reviewing the fund regime of the Dubai International Financial Centre (DIFC) will be finishing “within a couple of days”, according to Bryan Stirewalt, the director of supervision at the Dubai Financial Services Authority (DFSA). It is then expected to publish that report.

“We have been comparing our jurisdiction to the rest of the world and looked where we can change our regime for new funds to move here,” said Mr Stirewalt.