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The Dubai Financial Services Authority (DFSA) is the financial regulatory agency of the special economic zone, the Dubai International Financial Centre (DIFC), in Dubai, United Arab Emirates. [1] [2] It is distinct from the UAE's federal Securities and Commodities Authority, whose jurisdiction covers the wider UAE outside the boundaries of the ...
On February 24, 2003, Law 3 of 2003 (Law, Law) (in Arabic). 24 February 2003. was issued by the ruler of Dubai establishing the Dubai Executive Council as a legislative council to support the ruler of Dubai in his duties and exercising some of his responsibilities, with the head of the council and the deputies to be appointed by the ruler and ...
Others include the Dubai Airport Freezone (DAFZA; the Dubai internet City; and the Dubai Media city. [4] In April 2021 Dubai CommerCity launched, a free zone dedicated to e-Commerce. [5] The International Free Zone Authority (IFZA) is one of the most cost-effective and fastest-growing free trade zone in Dubai.
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]
A financial district is usually a central area in a city where financial services firms such as banks, insurance companies, and other related finance corporations have their headquarters offices.
Dubai Municipality (Arabic: بلدية دبي) is the Government of Dubai municipal body with jurisdiction over city services and the upkeep of facilities in the Emirate of Dubai, United Arab Emirates and reports directly to the Dubai Executive Council. [1] The agency is led by a Director-General that sits at the Dubai Executive Council.
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In October, Dubai Emirate's financial regulator, Dubai Financial Services Authority handed provisional fines of US$2 million to KPMG's UAE affiliate (US$1.5 million) and one of its audit employees, Milind Navalkar, (US$0.5 million) for failing to follow international audit standards in the audit of the failed Dubai-based private equity firm ...