Middle East Economic Survey

VOL. XLVII

No 26

28-June-2004

CAPITAL MARKETS

DIFC Abruptly Changes Top DFSA Management

In an abrupt move the Dubai International Financial Centre (DIFC) has changed the top management of its regulatory body, the Dubai Financial Services Authority (DFSA). Habib al-Mulla, a DFSA board member, takes over as Chairman from Ian Hay Davison; and David King, who was the DFSAs Managing Director of Supervision, assumes the role of Chief Executive Officer from Phillip Thorpe. Mr...