DIFC says open to tie-ups with Abu Dhabi - Banking & Finance - ArabianBusiness.com:
"Dubai International Financial Centre (DIFC) would be open to co-operation with Global Marketplace Abu Dhabi (GMAD), an upcoming financial free zone in the neighbouring emirate, according to DIFC’s CEO.
Announced in February by royal decree, GMAD plans to lure financial services firms to the UAE capital and will have its own regulator and courts, as well as promising zero tax and easy repatriation of profits. It is set to launch in the fourth quarter of this year.
DIFC, launched in 2004, is currently one of the region’s leading financial centres with more than 800 financial services companies and law firms currently based in the free zone."
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