Sharjah 24 – WAM: Dubai International Financial Centre (DIFC) Tuesday reported the best performance in its 16-year history, reaffirming Dubai’s growing reputation across the global finance industry, the number of new firms operating in DIFC grew 20 percent, taking the total to 2,919.
A total of 915 financial companies are now active in DIFC, up 24 percent from 735 in 2019, DIFC revealed in a report.
The number of businesses in the FinTech and Innovation ecosystem more than doubled with 189 joining in 2020, taking the total to 303. Business sectors across DIFC achieved exponential growth, including banking, capital markets, wealth and asset management, FinTech and professional services.
Notable financial services firms opening headquarters and regional offices in DIFC in 2020 included TATA Asset Management, Samba Financial Group, Caixabank and AfricaRe. FinTechs included global and regional names such as Ebury, Ripple, Adyen, KoFax Me and Tabby, it added.
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