Posts Tagged ‘Dubai’
Dubai International Financial Centre (DIFC)
The DIFC is the world’s newest international financial centre. It aims to develop the same stature as New York, London and Hong Kong.
It primarily serves the vast region between Western Europe and East Asia.
Since it opened in September 2004, the DIFC has attracted high calibre firms from around the globe as well as its region. A world-class stock exchange, the Dubai International Financial Exchange (DIFX), opened in the DIFC in September 2005.
The DIFC is a 110-acre free zone. It is part of the larger vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, together with the Government of Dubai, to create an environment for progress and economic development in the UAE and the wider region.
Sectors
The DIFC focuses on several sectors of financial activity: Banking Services (Investment Banking, Corporate Banking & Private Banking); Capital Markets (Equity, Debt Instruments, Derivatives and Commodity Trading); Asset Management and Fund Registration; Insurance and Re-insurance; Islamic Finance & Professional Service Providers.
Financial institutions may apply for licences in the above sectors. Firms operating in the DIFC are eligible for benefits such as a zero tax rate on profits, 100 per cent foreign ownership, no restrictions on foreign exchange or repatriation of capital, operational support and business continuity facilities.
Financial services in the DIFC are regulated to international standards by the Dubai Financial Services Authority (DFSA).
Duration : 0:5:49
Jim Rogers World Adventure Traveler on China, Globalization, the USA and Dubai 2007
Dubai, China, the United States and globalization from the man who may know it best, Jim Rogers.
Called “The Indiana Jones of finance” by Time Magazine, Jim Rogers is one of the best global experts of our day.
A conversation with legendary investor, adventurer and more… traveler Jim Rogers. Mr. Rogers and George Soros were co-founders of the famous Quantum Fund, one of the most successful hedge funds of all time.
Mr. Rogers’s extraordinary track record and insights alone set him apart from so many peers but perhaps most interesting is his take on the global economy. Mr. Rogers has traveled around the world twice, most recently on an ambitious 152,000 miles journey to over 115 countries. This trip earned him and his wife Paige Parker Rogers a spot in the Guinness Book of World Records.
Mr. Rogers was called “the Indiana Jones of finance” by Time Magazine and recently has focused on commodities and investments in China.
Jim Rogers is founder of the Rogers Commodity Index and a regular guest on CNBC and other programs. Jim Rogers is the author of Hot Commodities, A Bull in China, Investment Biker and Adventure Capitalist.
In this video interview Jim Rogers discusses his thoughts on American isolationism,. Dubai, Abu Dhabi and the Middle East, Africa, Asia, commodities and our changing world.
“If the middle of Africa blew up, we’d never know about it in the US. The rest of the world might, but we wouldnt.”
“Most Americans can point to Japan on a map, they cant tell you where it is or why they should know or why its important.”
“Dubai is working to become the best at everything.”
He is interviewed here by Bruce Fenton, editor of the Fenton Report online wealth management magazine.
connect w/ me on facebook http://www.facebook.com/bruce.fenton.page
Duration : 0:4:29
Dubai Opens Worlds Largest Tower Amid Property Slump: Video
Jan. 4 (Bloomberg) — Dubais Sheikh Mohammed bin Rashid Al Maktoum will open the worlds tallest tower, today, the Burj Dubai, today. In the five years its taken to build the $1.1 billion tower, the sheikdoms debt-fueled property market has gone from the worlds best performing to the worst, forcing officials to renegotiate loans and seek bailouts from neighboring Abu Dhabi. Bloomberg’s Rishaad Salamat reports. (Source: Bloomberg)
Duration : 0:1:40
Dubai Debt Hits Further Investments in Emerging Markets: Video
Nov. 30 (Bloomberg) — Bloomberg’s Sheila Dharmarajan reports on the outlook for investments in emerging markets. (Source: Bloomberg)
Duration : 0:2:12