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One of the key elements of the center is a privately held financial exchange that opened in September 2005 as Dubai International Financial Exchange (DIFX) but was rebranded as NASDAQ Dubai in 2008. The trading hours of NASDAQ Dubai are from 10:00 a.m. to 2:00 p.m. (6:00 a.m. to 10:00 a.m. GMT), from Sunday to Thursday. [10]
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The Dubai World Trade Centre was originally a single tower, constructed in 1979, and has since been expanded into a business district built around an exhibition centre complex. Originally named the Sheikh Rashid Tower and designed by John R. Harris and Partners (JRHP), the tower was inaugurated by Queen Elizabeth II on February 26, 1979.
There are more than 20 Free Zones operating in Dubai, which include the following: Dubai Airport Free Zone [9] Dubai Design District [10] Dubai Healthcare City [11] Dubai International Academic City [12] Dubai Internet City [13] Dubai International Financial Centre [14] Dubai Knowledge Park [15] Dubai Maritime City [16] Dubai Media City [17]
The Dubai International Financial Centre (DIFC) is a near-shore financial hub for the MENA containing a capital market designated as a financial free zone in Dubai. It is established to create an environment for growth, progress and economic development in the UAE and the wider region by providing the needed legal and business as well as ...
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The tower has a total structural height of 158 m (518 ft). The building is a five-star residential tower [3] alongside the Dubai World Trade Centre, Dubai's first high-rise building. Construction of the foundation began in August 2005. [4] The building sits on the site of the old World Trade Centre Hotel. [3]
The foundation plans to establish a research centre, Al Jalila Foundation Research Centre within the Dubai Healthcare City in 2016. [ 3 ] [ 4 ] It has launched a medical research fund, Majlis Al Ata’a , for developing local scientists in association with global and regional scientific institutions.