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Words: | Submitted: Tue Jun 20 2006
... major international capital markets of New York and London (in the West) and Hong Kong (in the East), Dubai is the complementary hub connecting the region with the 24 hour/7 days a week global financial network. The Dubai International Financial Centre was conceived by the Government of Dubai for the benefit of the UAE and the region as a whole. Its remit is to create a regional capital market, offering investors and issuers of capital world-class regulations and standards. Its hallmarks are: integrity, transparency and simplicity. (http://www.difc.ae/about_difc.asp) The DIFC Development Authority is the holding company for the DIFC. It is responsible for the entire development of the Centre. Its remit extends from the development of the financial district (a multi-billion dollar construction project) and supporting infrastructure (including technology) to the marketing of the DIFC and the negotiation of licences to operate in the Centre. The DIFC Development Authority is employing the latest applications ...
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