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DIFC PUBLISHES REGIONAL
5/29/24, 3:54 PM DIFC Publishes Regional Outlook for Banking and Capital Markets. | UAE News 24/7

OUTLOOK FOR BANKING

AND CAPITAL MARKETS.

MAY 27, 2024 UAENEWS247

DIFC Publishes Regional Outlook for Banking and Capital
Markets.

State-owned enterprises, family businesses, FinTech and tech-
enabled firms anticipated to drive IPO growth.
Capital markets becoming more mature in the region.
Dubai is the region’s hub for capital markets.

Dubai, UAE: 27 May 2024: Dubai International Financial Centre
(DIFC), the leading global financial centre in the MEASA region,
has published a ‘Regional Outlook for Banking and Capital
Markets’ report in partnership with LSEG Data & Analytics.

The report focuses on how regional IPO growth is expected to
come in three phases. Firstly, the continued privatisation of state-
related entities, followed by listings by family-owned companies,
and lastly, FinTech and tech-enabled start-ups.

Additionally, the report considers the profile of investors based in
the region, especially Dubai, which has attracted a rising number
of wealthy individuals and families who are seeking to capitalise on
investment opportunities.

Commenting on the report’s findings, Arif Amiri, Chief
Executive Officer, DIFC Authority, said: “Driven by the surge in
IPOs, capital markets across the MENA region have experienced
remarkable expansion, driven by reforms aimed at enhancing
market infrastructure and fostering greater foreign and regional
investment inflows. With its strategic initiatives and robust
regulatory framework, DIFC plays a pivotal role in driving
innovation and stimulating growth within the financial sector.
Dubai’s IPO boom underscores the city’s status as a thriving hub
for capital markets, and DIFC’s role in enabling this acceleration
through the firms that drive capital markets and provide advisory
services for IPOs will continue to contribute to the dynamic
evolution of global finance.”

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