Dubai's financial centre reports 11% net profit rise | ZAWYA MENA Edition:
Dubai International Financial Centre (DIFC) achieved an 11 percent increase in net profit for 2018 to $88 million, on the back of a 5 percent rise in consolidated revenue to $199 million, its governor has revealed.
In a briefing to journalists on Tuesday morning, DIFC’s governor Essa Kazim said that the centre attracted 437 new companies in 2018, a 39 percent year-on-year increase. The total number of companies operating from the centre has now reached 2,137 - 625 of which are financial firms.
The new arrivals meant the number of people working within DIFC increased by 6 percent to 23,604, with 1,266 new jobs added during the year.
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