India’s Spark Capital Private Wealth Management (Spark Capital PWM) has officially launched its operations in the Dubai International Financial Centre (DIFC) through its subsidiary, Spark Global PWM Private Limited. This strategic move positions the DIFC as the central hub for Spark Capital’s activities in the Middle East. The DIFC is home to 420 wealth and...
Spark Capital Private Wealth Management (Spark Capital PWM) has officially launched its operations in the Dubai International Financial Centre (DIFC), which is recognized as the premier financial hub for the Middle East, Africa, and South Asia (MEASA) region. This expansion is facilitated through its subsidiary, Spark Global PWM Private Limited. The company stated that this...
Ripple’s stablecoin, RLUSD, has received official approval from the Dubai Financial Services Authority (DFSA) for use within the Dubai International Financial Centre (DIFC). This announcement was made by Ripple on Tuesday, marking a significant step for the cryptocurrency in the region. The DFSA’s approval allows RLUSD to be utilized by Ripple and other businesses that...
SC Ventures, the innovation and venture arm of Standard Chartered, based in Singapore, has partnered with the Dubai International Financial Centre (DIFC) Innovation Hub to establish the National Venture Studio in Dubai. This initiative is designed to foster innovation and support venture creation in the region as the UAE enhances its position as a global...
Dubai International Financial Centre (DIFC) has signed an agreement with the International Private Equity Market (IPEM) to bring the esteemed IPEM event to Dubai for the first time in December 2025. This collaboration aims to strengthen DIFC’s position as a global hub for long-term capital deployment, supporting its Strategy 2030 to make Dubai one of...
Paradyme SOS Corporate Services has officially launched its office in the Dubai International Financial Centre (DIFC), aimed at providing comprehensive operational solutions for wealth and asset managers. DIFC is recognized as the leading global financial hub for the Middle East, Africa, and South Asia (MEASA). Founded by Ken Ginsburg, a veteran in the investment management...
The Dubai Financial Services Authority (DFSA), which serves as the independent regulator for the Dubai International Financial Centre (DIFC), has officially published its Annual Report for 2024. This report outlines the DFSA’s achievements and the overall performance of the financial sector within the DIFC during the past year. In the report, the DFSA highlighted significant...
The Dubai International Financial Centre (DIFC) is preparing to host the third edition of the Dubai FinTech Summit on May 12 and 13, 2025, at Madinat Jumeirah in Dubai. This summit, themed “FinTech for All,” will be held under the patronage of Shaikh Maktoum Bin Mohammad Bin Rashid Al Maktoum, the First Deputy Ruler of...
The Maldives government has partnered with Dubai-based MBS Global Investments to create an $8.8 billion financial centre in the capital city of Male. This ambitious project aims to establish a complex that will feature skyscrapers and will not impose residency requirements on its users. The financial centre will offer significant tax benefits, including no corporate...
Dubai International Financial Centre (DIFC) Authority announced a significant 35 percent increase in gross written premiums, rising from USD 2.6 billion to USD 3.5 billion in 2024. This announcement was made by Alya AlZarouni, the Chief Operating Officer at DIFC, during the largest ever gathering of insurance and reinsurance professionals at the Dubai World Insurance...