DIFC Authorizes and Engages Hedge Funds Globally; Reports Suggest

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Dubai’s financial center has been discussing establishing a business hub in the Middle East.
More than 50 hedge funds were included in the discussion where they planned to attract business titans.
Essa Kassim told that Dubai is a favorable space for hedge funds.

According to recent reports, Dubai’s financial center has been discussing with more than 50 hedge funds to establish a business hub in the Middle East by attracting the business titans including the investment management company Millennium Management and the global investment management firm ExodusPoint Capital Management.

Notably, Dubai has been emerging as a highly favorable destination for businessmen especially due to the easiness of business, tax-free status, and its key role in promoting travel and tourism.

Significantly, on Monday, Essa Kassim, the Governor of the Dubai International Financial Centre (DIFC) commented that the hedge fund sector grows abundantly:

“One space that has been growing very fast is the hedge fund sector. The backlog for that industry is big and it’s growing and it’s one of the sources of our growth actually.”

Further, Salmaan Jaffery, the Ch…

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