You’re listening to DIFC Digest – a monthly wrap-up of the news, activities and happenings from the leading financial hub in the Middle East, Africa and South Asia region.

June proved to be quite the busy month for the DIFC with world leader in entrepreneurship education, Babson College, forex industry leader, Dukascopy, and one of the biggest names in asset management, State Street Global Advisors, establishing a presence in the Centre.

As the Holy Month of Ramadan came to a close, the DIFC Change Makers embraced the giving spirit of the Year of Zayed, by positively impacting more than 4,500 individuals.  In partnership with Choitram’s, Four Seasons Hotel DIFC, Norton Rose Fulbright and The Ritz-Carlton DIFC, volunteers from across the Centre came together to distribute 150 daily meals to blue collar workers and taxi drivers around the district. 

In addition, the Clothes for Humanity campaign saw more than 120 boxes of clothes donated and distributed for families in need by individuals and businesses from the DIFC community.

Just ahead of Eid, the Centre showcased the continuous enhancement to its world-class infrastructure by unveiling the DIFC Grand Mosque, due to open at Gate Avenue in 2019.  With a capacity of over 500 worshippers and 24 hour access, this state-of-the-art mosque will serve all five daily prayer times, as well as Friday and Ramadan prayers.

With innovation at its core and building bridges with other FinTech hubs, DIFC expanded its FinTech offering through a partnership with Startupbootcamp – the world’s largest global network of industry-specific programmes.  The agreement will see the Centre further develop the VC ecosystem and promote entrepreneurship across the region.

Taking digital advertising to the next level, the Centre announced the installation of 80 new large format screens across the district, including Gate Avenue, through a ten year contract with long-term partner Elevision.

And finally, just last week, His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of DIFC chaired the official meeting of DIFC’s Higher Board of Directors.  The meeting reviewed the latest legal and regulatory frameworks implemented by the Centre, its key achievements for the first half of 2018 and its initiatives towards cementing Dubai’s position as a preferred destination for doing business.

To keep up to date on the latest news and announcements from the DIFC, visit www.difc.ae/newsroom.

Staff Writer

Written by Staff Writer

A collection of thoughts from the DIFC, these articles cannot be attributed to just one person. We have carefully curated insights from across the company – and at times contributions from our clients – to give you a snapshot of our perspectives on financial services in the MEASA region.