AaIn a surprise move over the weekend, the ruler of Dubai, Sheikh Mohammad bin Rashid al-Maktoum, reshuffled the board of the Investment Corporation of Dubai (ICD), which manages his wealth, and the chief of the Dubai International Financial Center.
Byline: datta03 Turkey (KFH-Turkey) started its operations in the Dubai International Financial Center (DIFC) in the Gulf region, after obtaining a banking license under a new franchise, the Kuwait Turkish Participation Bank (Dubai) Ltd.
We are here to establish an international financial center for the UAE, to serve the region and to co-operate with other centers from Hong Kong to Frankfurt and London," said al-Tayer.
8 Kyodo China's Finance Ministry said Tuesday the central government will issue for the first time sovereign bonds in Hong Kong to help develop yuan business in the international financial center and expand the use of the Chinese currency.
HONG KONG - China's Finance Ministry said Tuesday the central government will issue for the first time sovereign bonds in Hong Kong to help develop yuan business in the international financial center and expand the use of the Chinese currency.
The agreement, which had been expected, will allow Hong Kong banks to carry out more RMB business, a potential benefit to consolidate Hong Kong's role as an international financial center, the central bank released in a statement.
It can be forecasted that the regional economic development will become the new economic growth points with the gradual strengths of the radiation functions of Yangtze river, Zhujiang Delta and Jing-Jin-Ji economic circles, the advancement of the comprehensive reform in Wuhan Urban Circle, Chang-Zhu-Tan city Groups, Chongqing, Chengdu and Shenzhen special economic zones, the speed-up and promotion of Shanghai international financial center constructions and international shipping center constructions and the fast development of the economic zones in the west Taiwan Strait and northern bay in Guangxi.
Summary: Emirates Financial Towers Company revealed performing significant accomplishments in the construction works of the Emirates Financial Towers project at Dubai International Financial Center ( DIFC) , represented in completing construction of 27 floors at the northern tower on 15.
