Undefined The Financial Sector Contributes 12% to Dubai's GDP in 2013
Number of active registered companies in the DIFC, increased to 1039 during the last year.
London (I-Newswire) February 14, 2014 - The financial services sector contributed more than 12 percent of gross domestic product (GDP) in Dubai in 2013, said Isa Qasim, DIFC Governor and Chairman of the DIFC Authority.
Speaking at the DIFC operating review in 2013, Kazim said the financial services sector contribution in general and DIFC in particular is very significant in terms of overall economic growth of Dubai. "
While Dubai's GDP grew on average by 3.1 per cent between 2000 and 2013, the financial services sector grew by an average of more than 15 percent," said Kazim.
The number of active registered companies in the DIFC, increased to 1,039 in the last year, with the addition of 55 financial companies, including Bank of London and the Middle East (BLME), Wells Fargo, Napier Park Global Capital, Carnegie Asset Management and Capital Samena.
Combined workforce of companies registered in the DIFC is currently about 15,600, up 11 percent compared with the previous year, representing more than 131 nationalities.
"The growth that DIFC experienced in 2013 was the highest achieved since the beginning of the great financial crisis. We have created one of the best working conditions in the world, attracting talent from around the world," said Jeffrey Singer, CEO of DIFC Authority.
Center is currently accepting regulated firms from around the world, including 34 percent from Europe, 29 percent from the Middle East, 15 percent from North America, 12 percent from Asia, and 10 percent of the rest of the world.
While Europe and North America account for a significant proportion of the number of regulated firms, working with the DIFC, in terms of assets under management, companies in Asia and the Middle East ahead of the rest.
Last year, there was a significant increase in the number of authorized firms in various categories of license, in addition, a number of existing DIFC customers have to upgrade their license to a higher category. Many of today's customers DIFC, including Emirates Retakaful Limited, China Construction Bank (Dubai) Limited, and the International Finance Corporation, decided to develop its physical presence in the Center by expanding their current office space.
More financial news and information about the banks in Dubai at http://dubanks.com
We collect business conferences and education programs provided by the leading event organizers and More..training centers around the world. All events are categorized, grouped by venue location and listed in events calendar. More conferences and training courses can be found at http://conferix.comLess..
10 Monmouth Street
Phone : 9055232580
Published On:February 14, 2014
Print Release:Print Release
If you have questions regarding information in this press release contact the company listed above. I-Newswire.com is a press release service and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter, make sure to check the official company website for accurate release dates as our site displays the I-Newswire.com press release distribution date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for or omissions in that information or for actions taken in reliance on that information.
First Car Rental Achieves 2013/2014 Top 500 Best Managed Companies Status
Tax Consultant Sydney Knows The Better About Taxation
Israel Announces Work Permit for Short Term Employment
Ryan Poterack Hosts Monthly Ladies Luncheon for Investment Knowledge
The Realty Group Offers No-Charge, No-Obligation Home Price Evaluations