-- Dubai ’s financial center is expecting a record number of firms to set up in the Middle East business hub this year after attracting hedge fund heavyweights such as Millennium Management and asset managers like State Street.S&P 500 Extends Gains in Final Minutes of Trading: Markets Wrap
The regulator has added around 50 to 60 new staff members to keep up with the influx of all the new businesses over the past couple of years, according to Johnston. The United Arab Emirates’ exit from a global watchdog’s “gray list” has made it much easier for banks to do business. “It is actually better for customers because the banks become less invasive in terms of the due diligence that they have to do,” he said. The Gulf state exited Paris-based Financial Action Task Force’s dirty money list in February, after a push by local authorities to clamp down on illicit financial flows.
Bloomberg Millennium Management Financial Center Dubai DIFC Financial Services Dubai Financial Services Authority
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