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DUBAI / Emirates Business
Dubai International Financial Centre (DIFC) has cemented its position as the leading financial hub in the Middle East, Africa, and South Asia region (Measa) with a record-breaking 12 months that saw the centre reach new heights as it enters its 15th year of operations.
The centre achieved strong financial performance with net profit increasing by 11% to $88 million (AED323 million), from $79 million in 2017, excluding fair value (FV) gain on investm-ent properties. The geographic representation in DIFC remai-ned consistent year-on-year, with 36% originating from the Middle East, 33% from Europe, 11% from Asia, 10% from US, and 10% from other countries.