Dubai, UAE - The Institute of Chartered Accountants of India (Dubai Chapter) announced the opening of its new office in Dubai International Financial Centre (DIFC), the leading international financial hub for the Middle East, Africa and South Asia region. ICAI is now registered with the DIFC and this new location strengthens the accounting body’s presence amongst the key players in the regions financial landscape.

To celebrate this opening, Mr Arif Amiri, Chief Executive Officer of DIFC Authority inaugurated the new office along with CA Naveen Sharma, Chairman of ICAI, Dubai and CA Mahmood Bangara, Vice Chairman, ICAI, Dubai. This marks yet another landmark for ICAI as it integrates itself further into the financial space of the UAE. The DIFC is the foremost financial hub for Middle East, Africa and South Asia. The registration with an organization of this magnitude puts the ICAI into the very heart of the financial activity in the region.

CA Naveen Sharma, Chairman, ICAI (Dubai Chapter) said, “The association with DIFC further cements our position in the UAE Economy. Finance and Accounting are very closely linked with the economy. ICAI UAE Dubai Chapter is proud to be a part of the dynamic hub. We hope this marks an era of mutual benefits for both the institutions.”

Mr. Arif Amiri, Chief Executive Officer, DIFC Authority, said, “We’re delighted to welcome the Institute of Chartered Accountants of India (ICAI) to our thriving community. As one of the world’s top financial centres and the leading financial hub for the Middle East, Africa and South Asia region, DIFC is home to a large community of accountants. ICAI’s choice of DIFC affirms our reputation as the centre of excellence for leading professional bodies in the region.”

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About ICAI:

The ICAI (Dubai Chapter) is the second largest accounting body in the world, with over 250,000 members. With 35 years of excellence, recognition and initiatives, the organization has been instrumental in bridging the gap between the common man and the professional. With panel discussions, mentorship programs, conferences and a radio show, the organization has always tried to bring relevant issue that impact both the financial world as well as the general public. Their aim has been to equip the financial world with the tools to navigate the modern world. Touching upon topics like cyber security, emerging accounting technologies, VAT, they have established themselves as the vanguard of developments in the financial world.

About Dubai International Financial Centre 

The Dubai International Financial Centre (DIFC) is one of the world’s top financial centres and the leading financial hub for the Middle East, Africa and South Asia.  The Centre provides a world-class platform connecting the region’s markets with the economies of Europe, Asia and the Americas and facilitates growth in South-South trade and investment. An onshore, international financial centre, DIFC offers a stable, mature and secure base for financial institutions to develop their wholesale businesses.

The Centre offers all the elements found in the world’s most successful financial industry ecosystems, including an independent regulator and judicial system with a common-law framework, a global financial exchange, inspiring architecture, powerful, enabling support services and a vibrant business community. The infrastructure within the district features ultra-modern office space, retail outlets, cafes and restaurants, art galleries, residential apartments, public green areas and hotels.

Located midway between the global financial centres of New York, London in the West and Singapore, Hong Kong in the East, DIFC (GMT +4) fills a vital time-zone gap with a workday that bridges the market and business hours of financial centres in both Asia and North America.

In 2015, DIFC launched its 2024 growth strategy, a blueprint for the next decade of growth of the financial hub. This strategy aims to stimulate trade and investment flows along the South-South economic corridor encompassing the Middle East, Africa, Southern Asia and Latin America. 

Currently, 2,003 active registered companies operate from the Centre, with a combined workforce of 22,768 professionals.

DIFC continues to pursue expansion into new services and sectors within the Middle East, Africa and South Asia region, an area comprising over 72 countries with an approximate population of 3 billion and nominal GDP of US$7.7 trillion.

For further information, please visit our website: www.difc.ae , or follow us on Twitter @DIFC.

For Media Relations:

Royston Rodrigues

Absolute Communications

+971 507541420

Roystonr@absolutecg.net  

© Press Release 2018

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