Dubai’s Financial Markets & Banking System
- The Dubai Financial Market (DFM) is one of the leading financial markets in the region trading securities and other financial instruments.
- The Dubai International Financial Centre (DIFC) is one of the newest financial centers in the world looking to develop the same stature as New York, London and Hong Kong.
- The Dubai International Financial Exchange (DIFX) is fast becoming the gateway to opportunities in the GCC markets and the rest of the Middle East and North Africa.
- The Dubai Financial Services Authority (DFSA) is the integrated regulator of all financial and ancillary services undertaken in, or from the DIFC and is responsible for ensuring that the DIFC is one of the best regulated financial centers in the world.
- The Dubai Multi Commodities Centre (DMCC) is a strategic initiative of the Dubai government created to establish a commodity market place in Dubai. Rated 'A' by Standard & Poor's, it provides industry-specific market infrastructure and a full range of facilities for the gold, precious metals, diamonds & colored stones, energy and other commodities industries.
- Many of the world's biggest banks have a presence in Dubai already like, HSBC, ABN Amro, Barclays, Citibank, Lloyds and others.
- Euromoney’s 2006 country risk poll scored the country 29th globally and 1st regionally.
- Dubai is the hub of insurance sector in the UAE, with growth expected to double by 2010.
- Most banks are e-banking ready with services rivaling the best in the world.