Dubai, United Arab Emirates: Jersey Finance has signed an agreement with the Dubai International Financial Centre (DIFC) Authority, paving the way for closer collaboration over the coming years.

Outlining a framework for greater cooperation to support the evolution of both Jersey and DIFC as international finance centres (IFCs), the agreement includes a commitment to working together on digital and in-person events and to nurturing talent and exchanging ideas and information to enable their growth as IFCs.

The agreement was signed at the DIFC Authority offices, following Jersey Finance’s flagship event in Dubai on 9 November, ‘Jersey and the GCC: an enduring partnership in the Gulf’. The signing was attended by Joe Moynihan, CEO of Jersey Finance, An Kelles, Director – GCC, Jersey Finance and Faizal Bhana, Director, Middle East, Africa and India, Jersey Finance. Representatives from DIFC included Arif Amiri, CEO of DIFC Authority and Salmaan Jaffery, Chief Business Development Officer at DIFC Authority.

Jersey has a long-standing relationship with the United Arab Emirates (UAE) and Dubai. This year marks 15 years since the Jersey Financial Services Commission (JFSC) signed its first agreement with the Dubai Financial Services Authority (DFSA), whilst in 2011 Jersey set up its first office in the UAE and a further agreement was signed with the Central Bank of the UAE. In 2018, Jersey became the first IFC to have an office within DIFC.

Commenting on the new agreement, Arif Amiri, CEO of DIFC Authority, said:

“Our relationship with Jersey continues to grow and today’s partnership is testament to our joint commitment to driving the future of finance and innovation. As we embark on a new phase of growth and development, we are committed to working collaboratively with Jersey to create an environment where businesses can thrive, ultimately enabling our collective success. The agreement puts in place a comprehensive framework to facilitate new ways of working to position DIFC and Jersey as global business and innovation hubs.”

Joe Moynihan, Chief Executive Officer of Jersey Finance, added:

“Jersey has a well-established relationship with the UAE and today our office in DIFC is our central hub for us in the GCC region. Our strong partnership with DIFC is the fruit of a real commitment and a lot of hard work from both sides over the past decade. Today that mutually beneficial relationship has put us both in a really good position right at the front of global finance, able to support the increasingly complex needs of investors in Dubai, the wider GCC region and around the world. This agreement is a reflection of that evolving and hugely positive relationship.”

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For more information please contact:
Adam Riddell, Crystal PR, tel. +44 (0)1534 639505 or e-mail adam@crystalpr.co.uk 

About Jersey Finance
Jersey Finance is proud to work with key partners to represent and promote Jersey as the clear leader in international finance. We champion the competitive position of Jersey's finance industry, both locally and internationally, supporting the highest regulatory standards and the most attractive products and services to suit the needs of global investors.

About Dubai International Financial Centre 

Dubai International Financial Centre (DIFC) is one of the world’s most advanced financial centres, and the leading financial hub for the Middle East, Africa and South Asia (MEASA), which comprises 72 countries with an approximate population of 3 billion and an estimated GDP of USD 7.7 trillion.

With a 17-year track record of facilitating trade and investment flows across the MEASA region, the Centre connects these fast-growing markets with the economies of Asia, Europe and the Americas through Dubai.

DIFC is home to an internationally recognised, independent regulator and a proven judicial system with an English common law framework, as well as the region’s largest financial ecosystem of almost 28,000 professionals working across over 3,200 active registered companies – making up the largest and most diverse pool of industry talent in the region.

The Centre’s vision is to drive the future of finance through cutting edge technology, innovation, and partnerships. Today, it is the global future of finance and innovation hub offering one of the region’s most comprehensive FinTech and venture capital environments, including cost-effective licensing solutions, fit-for-purpose regulation, innovative accelerator programmes, and funding for growth-stage start-ups.

Comprising a variety of world-renowned retail and dining venues, a dynamic art and culture scene, residential apartments, hotels and public spaces, DIFC continues to be one of Dubai’s most sought-after business and lifestyle destinations.

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