On the face of it, today's statement from the DIFC should be a reassuring sign that the emirate's financial sector is in comparatively good shape – the number of registered companies (745) has remained largely constant over the last year and the vast majority (92%) of its leasable space is still occupied. Reading between the lines though, it seems the financial centre has conceded that attracting new companies into the emirate... Read more
By Paul Clarke, Editor 31 Aug 2010 - 1 comment
Few people on the ground in the GCC would suggest that the ongoing shenanigans around the restructuring of Dubai World's debt has cast a particularly long shadow over the financial sector in the region. Those outside of the Middle East would disagree, however, and the implications for Dubai as an internationally recognised financial centre – and attractive place for western financial professionals to work – have been significant. In the... Read more
By Paul Clarke, Editor 20 May 2010 - 3 comments