Press release
HH Sheikh Maktoum Bin Mohammed Bin Rashid Al MaktoumCommands HE Abdullah Mohammed Saleh for his unrelenting dedication as Governor of DIFC
Dubai, December 22, 2013:His Highness Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of Dubai International Financial Centre (DIFC), attended an official meeting of the Higher Board of Directors of Dubai International Financial Centre on Wednesday, December 11 2013. During the meeting His Highness Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum thanked His Excellency Abdullah Mohammed Saleh, Governor of DIFC, for his tireless efforts and presented him with a prestigious recognition accolade.
On this occasion, HE Abdullah Mohammed Salehsaid: “I would like to extend my sincere gratitude and appreciation to His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai for the trust he granted me during the period of my service as the DIFC Governor and for his support in solidifying Dubai’s position as the destination of choice for financial and business industries. Our accomplishments and achievements were inspired by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum which intends to develop the economy of Dubai and the UAE and set an example for others to follow.
I would also like to express my gratitude to His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of DIFC for his trust, continued support and wise leadership which contributed to the success of the DIFC. It is an honour to receive this mark of recognition from His Highness for our ongoing efforts towards building the UAE’s financial services sector.We should all work together to serve our country. It is our duty to support its development.”
His Excellency added: “I would like to thank the Higher Board of Directors for the continued faith and support bestowed upon me during my time as Governor of DIFC. I feel privileged to have been part of such an esteemed group of individuals and wish them all the success for the future.I am also pleased to provide ongoing support to His ExcellencyEissaKazim to benefit the UAE and to enhance Dubai as the region’s leading international financial centre.”
Effective January 2014, His ExcellencyEssaAbdulfattahKazim will succeed His Excellency Abdullah Mohammed Saleh as Governor of DIFC. His Excellency Abdullah Salehwill remain a member of DIFC Board of Directors.
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About DIFC
The Dubai International Financial Centre (DIFC) is the financial and business hub connecting the region’s emerging markets with the developed markets of Europe, Asia and the Americas.
Since its launch in 2004, DIFC, a purposely built financial free zone, has been committed to encouraging economic growth and development in the region through its strong financial and business infrastructure. Currently, DIFC's client base comprises over 1,000 active registered firms, including 21 of the world’s top 25 banks, 11 of the top 20 money managers, 6 of the world’s 10 largest insurers, and 6 out of 10 top law firms in the world. Around 15,000 employees operate in an open environment complemented by international legal and regulatory standards.
DIFC offers its member companies benefits such as 100 per cent foreign ownership, zero per cent tax rate, with no restriction on capital convertibility or profit repatriation. DIFC has its own independent financial and ancillary services regulatory body, the Dubai Financial Services Authority (DFSA).
It also has the DIFC Courts, which is an independent common law judiciary based in DIFC with jurisdiction over civil and commercial disputes in or relating to the Centre.
DIFC is built upon a modern legal, regulatory and physical infrastructure, which makes it the destination of choice for Financial Services firms establishing a presence in the region.
For further information, please visit our website: , or follow us on Twitter @DIFC.
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