Dubai International Financial Centre (DIFC) said the number of companies operating from the tax-free business park rose 7 per cent last year.
The number of active registered companies climbed to 848 at end of last year from 792 a year earlier, it said in a statement today. The centre seeing increased interest from Asia, sustained interest from Middle East, Europe and the Americas, it said.
Dubai set up DIFC in 2004 to attract international banks, asset managers and insurers to help diversify its economy. The business park is home to the regional offices of banks including Citigroup, Goldman Sachs Group and Morgan Stanley.
*Zainab Fattah
UAE currency: the story behind the money in your pockets
COMPANY PROFILE
Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed
UAE currency: the story behind the money in your pockets
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Disclaimer
Director: Alfonso Cuaron
Stars: Cate Blanchett, Kevin Kline, Lesley Manville
Rating: 4/5
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