Create a reliable and scalable “data bridge” between the two parties

The United Kingdom and “Dubai International Financial” are committed to the secure exchange of data

Dubai International Financial Center is characterized by a regulatory framework that has contributed to the establishment of an adaptable infrastructure.

From the source

The UK government, represented by the British Department of Digital Communications, Culture, Media and Sport, and the Dubai International Financial Center (DIFC) have issued a joint statement committing to deepen their partnership in the field of secure and reliable data exchange.

Yesterday, a statement stated that the Dubai International Financial Center is the first financial center in the Middle East, Africa and South Asia to cooperate with the United Kingdom government on assessing the legal competence of the center in the field of data protection.

Dubai International Financial praised the great progress that has been made to facilitate the free and secure flow of personal data between it and the UK government.

This accreditation will contribute to enhancing the flow of international data related to commercial transactions and financial services, and will also help to simplify the management of supply chains, and consolidate the application of financial inclusion so that companies anywhere, especially operating in the Middle East, Africa and South Asia, and which have relations with the United Kingdom, can, To expand its business and build business relationships globally.

According to the statement, there are about 5,000 British companies in the UAE, many of which rely on secure data transfers.

Arif Amiri, CEO of the Dubai International Center Authority, said: “Dubai International Financial Center is a leading financial and commercial destination. , based on international best practices in this field, to ensure the provision of integrated financial services that are in line with the needs of customers, and in a way that enhances the growth of the main business activities of the partners.

For his part, Chief Legal Officer and Commissioner for Data Protection at the Dubai International Financial Center Authority, Jack Visser, said: “Our team is cooperating with the British Ministry of Digital Communications, Culture, Media and Sports to create a reliable and scalable (data bridge) between us;

At a time when the issued joint statement constitutes tangible evidence of the role played by the United Kingdom in establishing innovative data protection policies.

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