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  • Oil And Gas Industry Overall Contract Value Up By 27% QoQ During Q4 2022, Reveals GlobalData

    Date 20/02/2023

    The COVID-19 pandemic has had a significant impact on the oil and gas industry, leading to a decline in demand and a drop in oil prices. However, the industry has been recovering since then, with oil prices gradually increasing and demand for energy returning to pre-pandemic levels. Consequently, the overall oil and gas industry contract value seen a significant quarter-on-quarter (QoQ) increase of 27% in Q4 2022, reveals GlobalData, a leading data and analytics company.

  • DIFC Achieves Record-Breaking Growth In 2022, Driven By FinTech And Innovation

    Date 20/02/2023

    • DIFC’s exceptional performance in 2022 demonstrates Dubai’s role as a major driver of innovation, entrepreneurship and next-generation technologies in the region’s financial sector
    • DIFC’s growth significantly contributes to the goal of the Dubai Economic Agenda D33 to transform Dubai into one of the world’s top three cities for business
    • Total number of active companies grows to 4,377, a 20 per cent year-on-year growth
    • DIFC records fastest ever rate of employment growth; employees based in the Centre increase to 36,083, a rise of 22 per cent year on year
    • 2022 sees most commercial space leased in a single year in DIFC with 809,000 sq. ft
    • FinTech and Innovation become fastest growing sector in DIFC; with 291 new clients in 2022, total number of firms in the sector grows 36 per cent to reach 686
    • DIFC FinTech and Innovation companies attract over $615 million in funding in 2022
    • Combined revenues exceed AED1 billion for the first time, rising to AED1.06 billion in 2022, up 18 per cent from 2021; Operating profit reaches AED679 million from AED 573 million in 2021, up 19 per cent
    • DIFC ranked top free zone globally in attracting FDI for fifth consecutive year

  • UK Financial Conduct Authority Seeks Views On Updating Asset Management Regulation

    Date 20/02/2023

    The Financial Conduct Authority (FCA) is seeking views on what regulatory change might help the UK’s asset management industry innovate, better support the investors it serves and boost competition.

  • Bursa Malaysia Signs MoC With MGTC To Enhance Voluntary Carbon Market Ecosystem

    Date 20/02/2023

    Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”) and Malaysian Green Technology and Climate Change Corporation (“MGTC”) today signed a Memorandum of Collaboration (“MoC”) to build and promote the voluntary carbon market (“VCM”) ecosystem in Malaysia, following the launch of the Bursa Carbon Exchange (“BCX”) in December 2022.

  • Reappointment Of Royal Mint Advisory Committee Members - Jane Ridley And Hughie O'Donoghue Have Been Reappointed

    Date 20/02/2023

    Jane Ridley and Hughie O’Donoghue have been reappointed to the Royal Mint Advisory Committee (RMAC) today (20th February).

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