Page 199 - AAE PR REPORT - June 2024

5/29/24, 3:51 PM DIFC publishes report on regional outlook for banking, capital markets | Emirates News Agency
Through increased IPO activity, banks, investment

banks, brokerage firms and law firms within DIFC’s

ecosystem also benefitted significantly from the

privatisation of state enterprises, with fees for MENA

deals alone exceeding US$1.2 billion and proceeds from

MENA equity and equity-related deals exceeding US$13

billion in 2023.

The report also highlights how the region’s capital

markets are becoming more mature, driven in Dubai by

DIFC’s robust regulatory framework and commitment to

innovation. DIFC is also home to more than 230

investment banks, all of which are stimulating capital

markets.

Deepening of Dubai’s capital markets and market

reforms, aligned with best practice have helped create

greater opportunities for investors in different themes

of the economy. As outlined in the report by John

Wilkinson, Head of Emerging Markets Equity Capital

Markets and Managing Director, Goldman Sachs, DIFC is

driving this growth as an attractive jurisdiction for

incorporation, through its business-friendly approach

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