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City Of London Seeks Stronger Partnership With Dubai

The Dubai International Financial Centre (DIFC) is hosting a delegation from the City of London that arrived on February 19, 2013, to investigate greater financial services synergies between the two financial hubs, and boost trade and investment links.

The group of high-level UK delegates is being led by the Lord Mayor of the City of London, Roger Gifford, who over two days will meet Jeff Singer, Chief Executive of the DIFC regulator, the DIFC Authority, as well as Chirag Shah, Head of Strategy and Corporate Planning in the DIFC. Gifford will also meet with policy makers from a number of banks and other institutions, including the Chairman of the Banking Association, Abdulaziz Abdulla Al Ghurair, and senior representatives from Dubai Financial Services Authority (DFSA) and the DIFC Courts to explore collaborative opportunities.

Commenting on the visit, Roger Gifford, Lord Mayor of the City of London, said: 'The UK already has a strong partnership with the DIFC that benefits both sides but there are a number of opportunities for closer cooperation. I look forward to exploring how City firms can leverage their unique experience and expertise to further support the development of the DIFC as a gateway to the wider region while building on the recent Memorandum of Understanding with the City.'

Jeff Singer, Chief Executive Officer of DIFC Authority said:

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