Dubai advances its position as MEASA's leading financial centre

Dubai continues to advance its position as the Middle East, Africa and South Asia's (MEASA) leading global financial centre.

- Staff Reporter, Gulf Today

The announcement coincides with DIFC surpassing 8,000 active registered companies, including over 1,000 entities being regulated by the Dubai Financial Services Authority (DFSA), the Centre's independent regulator. Additionally, the DIFC Courts has recorded over Dhs17.5 billion in total case values so far this year.

Dubai continues to advance through the Global Financial Centre Index where it has been announced that the city has progressed to 11th place globally, cementing its leading position as the region's most credible centre for the industry, and the top four global FinTech hub.

The milestones announced today not only reflect how Dubai has transformed into a global financial services hub, but also its significant contribution to the Dubai Economic Agenda (D33).

Essa Kazim, Governor of DIFC, commented: "As part of DIFC's significant contribution to Dubai's Economic Agenda (D33), we continue to empower the financial services industry, attract global talent and support sustainable economic growth. DIFC's success is the benchmark for emerging financial centres and a result of creating a business environment built for success, where companies not only gain a licence to operate, but a platform to lead and grow. Our framework is built not just for today, but for the future - one that embraces innovation, upholds the highest standards and remains anchored in integrity."