However, DIFCA also said that the picture was not quite so bright as far as occupancy of office space owned by third-party developers in the
Abdul Aziz Al Ghurair, chairman of the board of directors at DIFCA, noted.
The new law also provides specific provisions clarifying that DIFCA
is now responsible for establishing, regulating and developing the Centre's payment systems.
Summary: The Dubai International Financial Centre Authority, or DIFCA
, announced on Tuesday key shake-up in its structure and senior management team.
Previously DNFBPs were supervised for AML/CFT compliance by the Dubai International Financial Centre Authority ( DIFCA
Abdullah Mohammad Al Awar, Chief Executive Officer of DIFCA
, said: "This move further portrays the co-operation between DIFC bodies to ensure that the highest standards of compliance are achieved.
Such funds can only have 100 or fewer unitholders and cannot be offered to the public -- distribution being only by way of private placement, the DIFCA
The statistical data was compiled using DIFC's secure, web-based online portal DIFCSTAT, which manages all official and administrative communications between DIFCA
and licensed companies.
Following a tour of the DIFC, the Bankseta delegation heard from Kevin Birkett and Aathira Prasad, respectively Head of Financial Services and Director of Macroeconomics and Statistics at DIFCA
, as well as Chris Mouchbahani, managing partner at M Capital Group, and Venkatesh Srikantan, director of consumer banking at Barclays.
Green said the rents within the DIFC Freezone have seen a level of protection during the downturn, 'however we are now starting to see some movement in negotiation levels within both DIFCA
and privately managed buildings.
Summary: DUBAI -- Dubai International Financial Centre Authority, or DIFCA
, the governing body of the emirate's financial and business district, has appointed Abdul Aziz Al Ghurair, the head of one of the oldest banks in the UAE and former Federal National Council Speaker, as the new chairman of its board, the authority said on Sunday.
Nasser Saidi, Former Chief Economist of DIFCA
and Executive Director of Hawkamah Institute, Dr.