UAE - Mubasher: The board of Dubai International Financial Centre (DIFC) has unanimously approved to join the membership of the World Alliance of International Financial Centres (WAIFC).
Launched in July 2018, the WAIFC is a non-profit association registered in Brussels in Belgium, aiming to facilitate the exchange of best practices, according to a press release on Monday.
The Alliance represents 19 leading international financial centres from city governments, associations, and institutions seeking to improve their financial centres.
By joining the WAIFC, DIFC will cooperate with other leading global financial centres from other countries, including London, Frankfurt, Paris, Tokyo, and Toronto, to share best practices.
Commenting on DIFC's membership, the CEO of DIFC, Arif Amiri, said: "Together we can make progress on areas such as FinTech, innovation, sustainable finance and developing digital economies. We can align our approaches which will allow us to cohesively drive the future of finance."
Meanwhile, the Managing Director of the WAIFC, Jochen Biedermann, commented: "DIFC has been an observer to WAIFC since last year, and we are delighted that it will join WAIFC as a full member now. DIFC has had a phenomenal development in less than twenty years from its first steps to one of the world’s leading financial centres."
