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Mashreq taps Goldman Sachs for portfolio services for its wealth management clients + UAE and Google Cloud to establish the Global Cyber Security Center of Excellence
Plus: Mashreq taps Goldman Sachs for new investment services
More firms set up shop in DIFC + Jafza earmarks AED 90 mn to expand logistics park
Plus: Bitpanda obtained a broker-dealer license from Dubai’s VARA
Singapore-based USD 54 bn firm Seviora opens office in Abu Dhabi + ADGM to develop tokenization framework
Plus: Al Seer Marine JV lands AED 1.3 bn naval vessel contract
DFSA moves to slash base capital requirements for fund managers
ALSO- The regulator proposed hiring rule changes for asset managers
DIFC Courts gets bigger remit + dispute mediation center
The new law replaces laws from 2004
Office lease rates rise in 2024 as space runs out -Knight Frank
Dubai’s office lease rates in main office districts surged 24.3% y-o-y in 2H 2024
DIFC revenue surges 37% in 2024 as tech firms, hedge funds fuel record growth
DIFC plans 1.6 mn sq ft expansion after 99.8% occupancy
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