DIFC solidifies Dubai's position as global hub for digital economy

Dubai International Financial Centre (DIFC) announced its membership of the Global Cross-Border Privacy Rules Forum (Global CBPR Forum).

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The announcement was made at a recent workshop of the Global CBPR Forum held in Philippines. This is a first among countries outside of the Asia-Pacific Economic Cooperation (a forum that promotes free trade among certain countries in the Pacific Rim). As a requirement for Membership, the Centre also joined the Global Cooperation Arrangement for Privacy Enforcement (the Global CAPE).

The move reinforces DIFC's commitment to advancing interoperable, inclusive, responsive and trusted privacy frameworks in line with the evolving needs of businesses and individuals worldwide. Additionally, it strengthens the Centre's contribution to building the digital economy globally as well as in Dubai and the UAE, in line with the UAE Digital Economy Strategy.

The membership facilitates further global trade, while safeguarding trust arising out of secure and more transparent cross-border data flows.