Middle East Economic Survey

VOL. XLVII

No 39

27-September-2004

UAE

CAPITAL MARKETS

Dubai Government Issues Legislation To Launch DIFC

The UAE Vice President and Ruler of Dubai, Shaikh Maktum bin Rashid Al Maktum, has issued a decree to formally establish the financial and administrative independence of the Dubai International Financial Centre (DIFC). The decree completes all of the necessary legislative steps required for the DIFC to start operations, a DIFC statement said on 17 September. It...