DIFC announces CEO to step down

The Dubai International Financial Centre Authority (DIFCA) has announced that Naser Nabulsi will step down from his post as CEO by January 2005 to follow a new career in the private sector.

Dr. Omar Bin Sulaiman, who was appointed Director General last September, will lead the international search for a new CEO. He praised Mr. Nabulsi’s entrepreneurial skills: “I’d like to thank Naser for his contribution to the DIFC and wish him every success for the future.”

In addition, Naser Nabulsi stated, “I’m proud of what was accomplished at the DIFC and wish the team a very successful future.”

Dr. Omar Bin Sulaiman also added, “We are now entering the next stage of development for the DIFC as we welcome an ever increasing number of world-class institutions to the DIFC and shall continue building on our success. We have achieved global awareness of the DIFC amongst financial institutions, have an independent world-class regulator in place and are well on our way to opening the new Dubai International Financial Exchange.”