DIFC reports best-ever H1 performance with 32% surge in company registrations

DIFC reports best-ever H1 performance with 32% surge in company registrations
DIFC also hosted major events, including Dubai AI Festival in April and Dubai FinTech Summit in May. Getty
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Updated 28 July 2025

DIFC reports best-ever H1 performance with 32% surge in company registrations

DIFC reports best-ever H1 performance with 32% surge in company registrations
  • Number of active registered firms rose to 7,700, an annual rise of 25%
  • DIFC reported 9% increase in its workforce

RIYADH: Dubai International Financial Center has announced its best-ever performance for the first half of a year, with 1,081 new companies registered between January and June — a 32 percent annual increase.

The total number of active registered firms at the financial hub rose to 7,700 in the first half of the year, an annual rise of 25 percent, according to the Government of Dubai Media Office.

DIFC also reported a 9 percent increase in its workforce, bringing the number of professionals employed in the center to 47,901.

The performance comes as Dubai continues to strengthen its position as a global financial hub, with the DIFC consistently ranking among the top 20 financial centers worldwide. It hosts more than 250 wealth and asset management companies, worth over $450 billion, which contribute about 5 percent to the emirate’s nominal gross domestic product.

“Dubai has entered a new and greater phase of growth, and these results highlight the competitiveness, attractiveness, and global confidence it enjoys,” said the Deputy Prime Minister and Minister of Finance of the UAE, and President of DIFC, Maktoum bin Rashid Al-Maktoum.

He added: “We firmly believe the future holds even more opportunities, and we will continue to strengthen DIFC’s capabilities and its ecosystems that foster innovation, agility, and business growth.”

The Dubai Financial Services Authority, which regulates entities operating from the center, reported a 28 percent year-on-year increase in financial services approvals, reaching 78 in the first half of 2025.

Hedge funds registered through DIFC also grew 72 percent to 85 accounts, reinforcing its role as the region’s largest hub for the sector.

Essa Kazim, governor of DIFC, said the center “remains the driving force behind Dubai’s economic growth” by diversifying the financial services sector.

The number of companies in fintech, artificial intelligence, and other innovation-driven industries rose 28 percent to 1,388.

DIFC also hosted major events, including Dubai AI Festival in April and Dubai FinTech Summit in May, underlining its ambitions to become a major hub for financial technology.

DIFC Academy, the center’s education arm, trained 4,947 learners in the first half of 2025 and continues to advance its “1 Million Learners” initiative to equip individuals with sustainability skills by 2030.

In real estate, the launch of DIFC Heights sold out in three days, and over 1.6 million sq. feet of new commercial space is under development to meet growing demand, the media office added.


eyes top 10 global tourism ranking, says Al-Khateeb

 eyes top 10 global tourism ranking, says Al-Khateeb
Updated 10 November 2025

eyes top 10 global tourism ranking, says Al-Khateeb

 eyes top 10 global tourism ranking, says Al-Khateeb

JEDDAH: is on track to rank among the world’s top 10 tourist destinations, according to Minister of Tourism Ahmed Al-Khateeb.

Speaking at a press conference on Monday, Al-Khateeb highlighted that the 26th UN Tourism General Assembly in Riyadh focused on digital transformation in tourism, with member states committed to advancing initiatives, particularly in artificial intelligence.

UN Tourism Secretary-General Zurab Pololikashvili and Shaikha Al-Nowais, newly elected secretary-general of the organization, were also present.

Al-Nowais becomes the first woman and the youngest person to lead the global tourism body in its 50-year history.

Al-Khateeb described the Riyadh Declaration as a roadmap for the organization’s future.
“Through the executive council, the member states will work with the current and future secretary general to ensure the implantation of the Riyadh Declaration.”

He stressed that the declaration emphasizes sustainability, air connectivity, investment attraction, and the training and empowerment of human resources.

“Using technology, we are enhancing the tourist journey with solutions that require minimal human intervention, such as facial recognition at airports to streamline the travel process,” he said.

Al-Khateeb also highlighted the importance of human interaction in tourism. “We are also keen to develop human capabilities in the sector.” He added that tourism serves as a bridge between cultures.

Al-Nowais underscored sustainable and responsible growth as her top priority, alongside transparency, ethical governance, digital transformation, and smart tourism. She noted the organization has already launched initiatives like the Best Tourism Village program, which certifies rural villages and small destinations within larger regions to promote development and support local communities.

She added that the entity has done a “great” job in this regard and stressed that technology and innovation will play an increasing role in managing growing numbers of travelers.
“We need to see how we can propose or advocate or suggest areas where we can ask destinations and governments to empower themselves with those tools and see how we can instead divert the crowd or the travelers to new destinations and emerging destinations,” she said.

Commenting on her election, Al-Nowais called it a profound honor to represent women in such a leadership role.
“I think my message is with dedication, with passion, with commitment, with hard work, you know things like that will always pay off.”

She added: “No matter how difficult it is, you have to live by your principles, your values, and believe in yourself. And I think nothing is ever impossible,” she added.

Pololikashvili described the Riyadh Declaration as a shared commitment among countries.
“All these three days we were talking. It's not the idea of one or two countries, and it's the process to support sustainable development.”

He emphasized that the declaration aims to leave a lasting legacy, noting that it is fully transparent and clearly outlines priorities for the coming years.
“And priorities are the same, more or less now, the digitalization, education, investments, and it is a more concrete and more detailed document and guideline,” he said.

In response to a question about this year’s focus on AI-powered tourism and making the technology accessible for countries with limited infrastructure, Pololikashvili said that it is a new area for them as well. He highlighted the pioneering role of and the UAE in establishing innovation hubs, a first-of-its-kind initiative globally.

“These hubs are designed to transfer expertise to less developed countries, particularly in the tourism sector, over the next two to three years,” he said, adding that the initiative is seen as a strategic investment to attract knowledge and skills from leading countries and support member states’ development.

Under the theme “AI-Powered Tourism: Redefining the Future,” the four-day event brought together representatives from more than 150 countries, including ministers, global tourism leaders, and industry experts, to discuss the future of travel, innovation, and sustainable development.

The General Assembly is the highest decision-making body within the UNWTO, comprising more than 159 member states, as well as representatives from the private sector and nongovernmental organizations.