Business

Dubai’s DFSA Reports 22% Growth in First Half of 2024 The Dubai Financial Services Authority (DFSA) has announced a robust 22% growth in its financial sector for the first half of 2024, underscoring the continued strength and dynamism of Dubai’s financial services industry. This impressive growth highlights the resilience and expansion of the Dubai International Financial Centre (DIFC), a global financial hub. The DFSA’s report reveals that this growth is driven by increased business activity, expansion of financial services, and enhanced regulatory frameworks that foster a competitive and innovative environment. The growth encompasses various sectors within the financial services industry, including banking, asset management, insurance, and fintech. The DFSA has seen a significant uptick in new firms and investments, reflecting confidence in Dubai’s financial ecosystem and its role as a gateway for international business. “The 22% growth is a testament to the strength and adaptability...

Advantages of Growing Your Business in Turkey Turkey's rapidly growing economy and increasing young population make it an attractive destination for business investments. Sustainable Foreign Direct Investments (FDI) have been in high demand in Turkey, and this trend is expected to continue. The favourable exchange rates of the Turkish Lira also present natural cost benefits. Here are some key advantages of expanding your business to Turkey: Rapidly Growing Economy Turkey boasts the 17th largest economy globally and is a significant economic player in Europe and the Middle East. The country attracts numerous immigrants, tourists, and foreign investors due to its strategic location and open, welcoming environment. Turkey offers many incentive programs for investors, including the highly successful Turkish Citizenship by Investment Program. These initiatives, combined with Turkey's positive economic outlook, provide a robust foundation for business growth. High Youth Popul...