Dubai International Financial Centre launches ‘The Academy

Dubai-UAE

Dubai International Financial Centre (“DIFC”), the leading financial hub in the Middle East, Africa, and South Asia region (“MEASA”), has announced the launch of ‘The Academy’, a state-of-the-art facility in DIFC for the promotion of excellence in business and financial services.

After more than a decade of providing world class professional development and higher learning courses, DIFC is enhancing its capabilities to meet the evolving needs of the market.

The Academy will form partnerships with leading business schools and universities from around the world to deliver a range of executive education programmes. It will also host regular workshops and seminars led by industry experts from DIFC and its community.

On-site teaching will be spread across The Academy’s 21 seminar rooms, three lecture halls, and three large auditoriums, all of which are equipped with the latest IT and A/V equipment. Meanwhile, students will have access to a library and resource centre, prayer room, study areas, and video conference facilities.

Arif Amiri, Chief Executive Officer at DIFC Authority, said: “His Highness Sheikh Mohammed bin Rashid Al Maktoum emphasised that investment in education is an essential component of UAE Vision 2021. DIFC is pleased to be able to contribute to this by providing a platform for the region’s financial services community to broaden their business skills and deepen their understanding of financial markets.

“As the leading financial hub in the region with the largest cluster of financial services institutions, DIFC is uniquely positioned to facilitate not only the flow of capital through the MEASA region but also the accumulation of knowledge and talent. In doing so, we are also working towards achieving the targets set out in DIFC’s Strategy 2024 and enhancing Dubai’s status as the number one place for doing business in the region.”

For more than ten years, DIFC has made a significant contribution to the enhancement of human capital through its ongoing professional development programme and the strong partnerships it has with institutions such as City, University of London and London Business School. In addition, DIFC has recently signed partnership agreements with Financial Times, IE Business School and The Wharton School, further strengthening The Academy’s global academic offering.

Each year, DIFC holds over 100 workshops and seminars for its growing community of more than 21,000 professionals. The Academy will build on these achievements, supporting the growth of human capital within the Centre and the wider region.

The Dubai International Financial Centre (DIFC) is one of the world’s top ten financial centres, and the leading financial hub for the Middle East, Africa and South Asia. The Centre provides a world-class platform connecting the region’s markets with the economies of Europe, Asia and the Americas and facilitates growth in South-South trade and investment. An onshore, international financial centre, DIFC offers a stable, mature and secure base for financial institutions to develop their wholesale businesses.

The Centre offers all the elements found in the world’s most successful financial industry ecosystems, including an independent regulator and judicial system with a common-law framework, a global financial exchange, inspiring architecture, powerful, enabling support services and a vibrant business community. The infrastructure within the district features ultra-modern office space, retail outlets, cafes and restaurants, art galleries, residential apartments, public green areas and hotels.

Located midway between the global financial centres of New York, London in the West and Singapore, Hong Kong in the East, DIFC (GMT +4) fills a vital time-zone gap with a workday that bridges the market and business hours of financial centres in both Asia and North America.

In 2015, DIFC launched its 2024 growth strategy, a blueprint for the next decade of growth of the financial hub. This strategy aims to stimulate trade and investment flows along the South-South economic corridor encompassing the Middle East, Africa, Southern Asia and Latin America.

Currently, 1,750 active registered companies operate from the Centre, with a combined workforce of 21,611 professionals.

DIFC continues to pursue expansion into new services and sectors within the Middle East, Africa and South Asia region, an area comprising over 72 countries with an approximate population of 3 billion and nominal GDP of US$7.4 trillion.

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