DIFC boosts UAE's financial sector

Pedro Gonçalves
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DIFC boosts UAE's financial sector

The number of financial companies operating in the Dubai International Financial Centre (DIFC) grew 11% during the first half, despite the global turndown forcing some banks to cut jobs. The region's largest financial centres said the number of companies increased 14%, or 250 new firms, in January-June 2019 period to 2,289. It also houses now more than 671 finance-related firms, an increase of 11%. The addition of new firms resulted in creation of 660 new jobs, taking combined workforce in...

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