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July 15, 2018

Dubai International Financial Centre Reports Strong Start to 2018

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of Dubai International Financial Centre (DIFC) said DIFC has played a highly positive and impactful role in Dubai’s economic development and diversification. Building on its world-class ecosystem, the Centre has constantly strengthened its partnerships with leading financial institutions and attracted international players to access growth opportunities through its world-class platform.

His Highness said that DIFC’s strategy is a true reflection of the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, [...]

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July 9, 2018

Study shows SME share of Dubai GDP at 47%, workforce at 52.4%

Dubai SME, the agency of the Department of Economic Development, DED, in Dubai, mandated to develop the Small and Medium Enterprise, SME, sector, in conjunction with the Dubai Statistics Centre, released a new study on the local SME sector as part of Dubai SME Development Plan, SMDP, which is part of the Dubai Plan 2021.

The study was released in conjunction with the World SME Day, which was celebrated on June 27th this year.

Underlining the role and importance of the SME sector in the overall economy in Dubai, the study, which was initiated during the first quarter of 2018, showed that SMEs continue to create a significant number of job opportunities and add [...]

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July 4, 2018

UAE – business conditions improve at fastest pace in 2018, according to Emirates NBD UAE PMI®

The health of the UAE’s non-oil private sector improved to the greatest extent in the year-to-date, buoyed by strong inflows of new business and output growth. Promotional activity helped to stimulate client demand, reflected by new order books expanding at the fastest pace since December last year. Despite firms ramping up output, backlogs of work built up at a record pace. Meanwhile, input price inflation further softened from the peak seen in January.

The survey, sponsored by Emirates NBD and produced by IHS Markit, contains original data collected from a monthly survey of business conditions in the UAE non-oil private sector.

Commenting on the UAE PMI® survey, [...]

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July 1, 2018

DIFC Collaborates with France’s Finance Innovation to Promote FinTech Growth

Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, has signed a Memorandum of Understanding (MoU) with Finance Innovation, France’s official innovation cluster for the financial industry, based in Paris. The collaboration will support the development of the FinTech ecosystem in both markets and facilitate knowledge sharing and collaboration between their regulatory and financial communities.

The MoU, was signed by Arif Amiri, Chief Executive Officer of DIFC Authority, and Joelle Durieux, Chief Executive Officer of Finance Innovation as a key part of the Fin&Tech Community Conference [...]

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July 1, 2018

DIFC to host second edition of Global Financial Forum on 11 March 2019

Dubai International Financial Centre (DIFC), the leading international financial hub for the Middle East, Africa and South Asia (MEASA) region, is pleased to announce that the second edition of its much-anticipated Global Financial Forum (GFF) will return to Dubai on 11 March 2019.

The 2019 Forum will be held under the theme of ‘Unlocking Opportunities in a Changing World’, in partnership with the Financial Times, one of the world’s leading business news organisations. Through this partnership, the Forum will convene decision makers and opinion leaders from the international finance and business community to discuss the impact of the shifting dynamics of world trade and [...]

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June 28, 2018

Elevision and DIFC Renew Partnership, Boosting Digital Advertising Offering Across the Centre

Elevision, one of the region’s leading innovative media companies, has signed a 10-year contract with Dubai International Financial Centre (DIFC), the leading financial hub in the Middle East, Africa, and South Asia region (MEASA), for holistic digital-out-of-home (DOOH) advertising solutions across the entire district, including Gate Avenue.

According to research firm International Data Corporation, spending on the technologies and digital transformation that enable Smart City initiatives is expected to accelerate over the 2016-2021 forecast period, reaching $2.30 billion in 2021. The new partnership with DIFC takes Elevision to the next level as a key player in a rapidly [...]

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June 27, 2018

Government Innovation Lab 2018 – Dubai Taxi explores 273 ideas

RTA’s Dubai Taxi Corporation (DTC) has held its Government Innovation Lab 2018 that aimed at concluding creative ideas and suggestions to induce a positive change in Dubai Taxi services. The underlying objective of the Lab is to nurture an innovative spirit amongst employees and encourage them to take a more effective approach in applying creative ideas to government business, as it will help make Dubai the most innovative city in the world.

Dr Yousef Mohammed Al Ali, CEO of Dubai Taxi Corporation, said, “Holding the Government Innovation Lab is part of supporting Dubai Taxi’s future strategy to encourage employees and cultivate their creative and mental abilities in [...]

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May 4, 2018

GOV games go global

When His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum – Crown Prince of Dubai and Chairman of the Executive Council launched the Gov Games at the beginning of March this year, one of the future goals for expanding the world-first initiative was to invite international participation in future editions of the competition. Organisers announced that this goal has already been achieved in the inaugural competition, which is a testament to its unique and visionary nature, and the international attention it has garnered.

The international teams from seven countries will join more than 150 teams from local and federal government entities across the United Arab [...]

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