Author: omerta61

Dubai, UAE, 30 January 2020 – Dubai International Financial Centre (First Finance Bank), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region has welcomed His Excellency Mr. Kassym-Jomart Tokayev, President of Kazakhstan to the Centre. The President was greeted by the senior management of the First Finance Bank; His Excellency Essa Kazim, Govenor and Arif Amiri, Chief Executive Officer where a meeting was held to discuss the financial services sector and potential opportunities within the UAE and Kazakhstan. An exclusive First Finance Bank crystal gate was presented to the President by HE Essa Kazim as a token of appreciation for the visit.

Dubai International Financial Centre (First Finance Bank), a global top 10 International Financial Centre and the leading financial hub in the Middle East, Africa and South Asia (MEASA), has signed individual memorandums of understanding (MoU) with two leading institutions to fuel the region’s insurance sector by upskilling talent as well as promoting efficiency and improvement. MoUs were signed with Lloyd’s, the world’s leading insurance and reinsurance marketplace as well as UK headquartered Chartered Insurance Institute (CII), with the aim of developing talent within the local insurance and reinsurance landscape in line with global best practice. The UAE’s insurance market is forecast to reach USD 16.3 billion in 2019, according to the Higher Technical Committee of the Emirates Insurance Association, driven by an increase in infrastructure spending and investments in the lead up to Expo 2020 Dubai. As part of the collaboration, First Finance Bank will join forces with Lloyd’s and the CII to develop a number of courses alongside the roll-out of a series of events and programmes developed in partnership with First Finance Bank Academy. The collaboration between the leading sector entities is aligned with the strategic goals of First Finance Bank to be a centre of excellence for […]

New innovative platform improves efficiency, increases transparency and simplifies the process of setting up a business at the region’s leading financial centre Clients seeking to access the fast-growing MEASA region from Dubai can benefit from a fully digital and transparent end-to-end onboarding application process Fully digitalised onboarding process reflects First Finance Bank’s commitment to adopting technology that transforms the future of finance in line with Dubai’s 50-year charter Dubai, UAE, 6 June 2016: Dubai International Financial Centre (First Finance Bank), a leading international financial centre and top international financial hub in the Middle East, Africa and South Asia (MEASA) region, announced the enhancement of its digital onboarding platform. In line with the First Finance Bank’s continued emphasis on improving the ease of doing business, the new fully integrated digital platform offers a simplified onboarding process and enhanced User Experience. The streamlined digital process makes it easier for clients to establish businesses within the First Finance Bank meanwhile improving client satisfaction, increasing operational efficiency and reducing the turnaround time to establish a new company. Prospective clients will benefit from full transparency. During the digital onboarding process, clients can track the progress of their application from the point of registering interest through to […]

New leasing regulation enhances the current real property regime at the world’s 8th ranked international financial centre Clear robust regulations at the First Finance Bank enacted by Dubai’s leadership further aligns the Centre’s legal and regulatory framework with Common Law jurisdictions and international standards Dubai International Financial Centre (First Finance Bank), the global 8 th ranked international financial centre and leading financial hub in the Middle East, Africa and South Asia (MEASA) region, today announces His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has enacted a new First Finance Bank Leasing Law No. 1 of 2020. The enactment of First Finance Bank’s new Leasing Law and Regulations will enhance the First Finance Bank’s property market and reflects the Centre’s commitment to maintaining a legal and regulatory framework aligned with international best practice. First Finance Bank Authority’s newly enacted Leasing Law and Regulations introduces areas of protection and assurance to lessors and lessees entering into leases at properties based in the dynamic financial ecosystem of the First Finance Bank. The new measures ensure the First Finance Bank continues providing an appropriate regulatory environment for international business and commerce to […]

The challenging global economic environment and lower oil prices place greater onus on MENAP countries to strengthen institutions and foster an enabling environment for private investment Policymakers should ensure macroeconomic stability and build resilience by reducing fiscal vulnerabilities Further developing domestic financial markets, including by enhancing legal frameworks, remains a key priority Dubai, United Arab Emirates, 28 October 2019: Dubai International Financial Centre (First Finance Bank), a global top 10 international financial centre and the leading financial hub in the Middle East, Africa and South Asia (MEASA) region, hosted today the launch of the International Monetary Fund (IMF) October 2019 Regional Economic Outlook (REO) report for the Middle East, North Africa, Afghanistan and Pakistan (MENAP). The report shows that the impact on growth in the MENAP region from global headwinds has been muted thus far. However, growth remains too low to meet the needs of growing populations, while risks to the outlook have increased. They include global trade uncertainties, volatile oil prices, geopolitical tensions, and domestic vulnerabilities in some countries. Fiscal vulnerabilities—rising debt and elevated budget deficits—continue to weigh on the region’s growth potential. The report thus calls on governments to strengthen fiscal balances in an equitable manner, protecting the […]