Dubai International Financial enhances the emirate's position among American financial services companies

The Dubai International Financial Center has succeeded in attracting a new wave of interest to the Emirate of Dubai and attracting American financial services companies seeking to seize the opportunities offered by the region by establishing their presence in the center.

This broad interest in the Emirate of Dubai was evident during the meeting that brought together a high-level delegation from the Dubai International Financial Center led by the Governor of the Center, Issa Kazim, with potential and current dealers, as well as a group of bodies and institutions in New York and San Francisco.

favorite destination

The meeting discussed prospects for joint cooperation and fulfillment of commitments by consolidating Dubai's position as a preferred destination for doing business in the region, and establishing the Dubai International Financial Center, an attractive incubator for talents operating under English common law.

The roadshow reviewed the role of the Dubai International Financial Center in enabling the future of finance, and supporting potential dealers in their endeavors to establish their businesses in the markets of the Middle East, Africa and South Asia, by providing financing opportunities and providing them with the required talents and skills.

discussion session

The Dubai International Financial Centre, Standard Chartered Bank, and the US-UAE Business Council hosted an exclusive panel discussion that highlighted Dubai's role as a global financial center, and the potential of the DIFC that makes it an attractive destination for the best talent and companies.

The session witnessed the presence of the Consul General of the UAE in New York, Amna bin Zaal Al Muhairi, who confirmed the close relationship that unites the UAE and the United States, which includes $23 billion in trade exchange annually, and the position of the UAE and Dubai as distinguished centers for commercial activity, in addition to global infrastructure. Owned by the Dubai International Financial Centre.

American companies

The Governor of the Dubai International Financial Center, Issa Kazim, said that the interest and strong demand from American companies looking to establish their presence and transfer their talents to Dubai, enhances the depth of the region’s markets, pointing out that Dubai’s position as a center for talent and innovation makes it the preferred destination for American companies looking to growth in the region.

He added, "Since its establishment in 2004, the Dubai International Financial Center has succeeded in consolidating its position as a preferred destination for American companies, which now constitute 9% of dealers in the financial services sector."

He continued, "Our first official tour to the United States since the pandemic succeeded in attracting special attention from asset and wealth management companies and financial technology companies, and encouraging them to move to Dubai and the Dubai International Financial Center, and we will continue to support these strategic partnerships to help American dealers achieve their growth goals, thus contributing to the prosperity of Our economy as a whole.

financial assets

DIFC banks own about $200 billion in assets from the center, while its asset managers oversee about $450 billion in assets under management.

The center is home to 17 of the top 20 banks, five of the top 10 asset managers, and a wide range of top legal and accounting services firms around the world.

Follow our latest local and sports news and the latest political and economic developments via Google news