DIFC Lifestyle is the sole sponsor of ‘Harrods’ fine jewellery event

DIFC Lifestyle, the newly setup division of the Dubai International Financial Centre (DIFC), today announced it will leverage the exclusive reach of Harrods’ Fine Jewellery event to showcase its innovative profile and distinctive offerings, as sole sponsors of the event. Read more

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Who charges highest for parking in Dubai?

Not so long ago, in much happier and careless times, all over Dubai parking was free and available. But within the last few years the government gradually brought almost all areas under paid-parking regime.

The new trend of paid parking in hotels may have been pioneered by Emirates Towers where the first half an hour is free and thereafter Dh 10 per hour. So is in the Fairmont.

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New leadership from among the talented young citizens of the UAE

The new Executive Board of the Young Arab Leaders UAE Chapter has promised intensified action to identify, mentor, train and develop new leadership from among the talented young citizens of the United Arab Emirates.

At a gala reception held yesterday at The Capital Club in the Dubai International Financial Centre, Assem O. Kabesh, CEO of Young Arab Leaders (YAL), introduced the newly elected UAE Chapter Executive Board to a select gathering of YAL members and leading business and government leaders. Read more

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Signature line of dishdashas by Tom Ford

Tom Ford, who turned Gucci into a global colossus during his ten years as creative director for the fashion house, is creating a signature line of dishdashas for fashion-conscious Arab men.

Sheikh Majed Al-Sabah, owner of Villa Moda, confirmed the news in an interview with fashion magazine Grazia. Al-Sabah did not announce a date for the arrival of the Arabic men’s line, but hinted that it would be “very soon”. Read more

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Real-time Automated Payments in DIFC

The Dubai International Financial Centre (DIFC) today announced that it has signed a Memorandum of Understanding (MoU) with the Central Bank of the United Arab Emirates (CBUAE) under which the latter becomes the lead regulator for Real-time Automated Payments in DIFC (RAPID).

RAPID is a DIFC initiative to provide a real-time gross settlement (RTGS) payment systems infrastructure from within the DIFC to financial institutions operating within the centre and throughout the wider region. Read more

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Dubai Private Equity Network (DuPEN) launched

Dubai International Financial Centre (DIFC) has officially launched the Dubai Private Equity Network (DuPEN), a networking platform for Private Equity and venture capital professionals.

In association with London Business School (LBS), DuPEN will update and educate professionals on trends and developments in the Private Equity industry by providing educational workshops and networking opportunities.

The announcement was made during a panel discussion on the future of Private Equity on the third day of the Private Equity Programme conducted by LBS in Dubai. The programme was the first of its kind in the Middle East and was taught by leading experts Professor Eli Talmor and Professor Oliver Gottschalg. Because of the very high demand for the programme, Dr Kevin Dunseath, Director of LBS, Dubai Centre, expressed his hope that the programme would be repeated later in the year. Read more

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