New law to keep Dubai's DIFC regionally competitive

New law to keep Dubai's DIFC regionally competitive

A new law will expand the strategic objectives of the Dubai International Financial Centre (DIFC) as it adapts to stay regionally competitive.

DIFC said in a statement on May 6 that the Dubai government issued the new law to boost the emirate's position as a global hub for financial services.

The DIFC's strategic objectives now include advancing sustainable economic growth for Dubai, developing and diversifying its economy and increasing the GDP contribution of the financial services sector.