DUBAI / WAM The Dubai Airport Free Zone Authority (DAFZA) posted yet another banner year in 2015, achieving an impressive total revenue growth of 7% and total assets growth of 3%. As a gateway connecting the emerging markets in Middle East and Africa, the Freezone grew its number of registered companies by 22 %, with multinational companies in particular rising …

DUBAI / WAM A delegation from Dubai International Financial Centre (DIFC) participated in the UAE-Luxembourg Council for Cooperation and Development of Islamic Banking and Finance. Aiming to strengthen DIFC’s long-standing partnership with Luxembourg, the visit included engagements with industry experts to share insights on the sophistication and future of Islamic finance and the impact of FinTech. FinTech has grown exponentially …

DUBAI / WAM Dubai developer Nakheel signed a memorandum of understanding (MoU) with Saudi Arabia’s Al-Akaria to develop a range of new mixed-use projects in Riyadh. The two companies signed an agreement which will see Nakheel provide services ranging from master planning, design, construction management, and mall design and management, according to a company statement. Upcoming developments under Al-Akaria include …