Dr. Habib Al Mulla, Chairman of the Dubai Financial Services Authority, met with Dr. Ahmad Mustafa, Deputy Chairman of the Jordanian Securities Commission, today at the commission’s offices in Amman.
The informal meeting discussed matters of mutual interest and reviewed the emergence of Dubai International Financial Centre as a world-class financial hub, and the critical role of Dubai Financial Services Authority.
Commenting on the courtesy visit, Dr. Al Mulla said: “The DFSA enjoys excellent relations with the financial community in Jordan, and today’s visit was a valuable opportunity to take stock of the fast pace of change in the industry in the region and elsewhere.”
Dr. Al Mulla concludes a two-day visit to Jordan today, which saw the signing of a MoU between the DFSA and Jordan’s Insurance Commission, and a meeting with the Governor of the Jordan Central Bank, Dr. Umayya Toukan.
Editor’s notes:
The Dubai Financial Services Authority (DFSA) is an independent, integrated regulatory authority responsible for the regulation of all financial and ancillary services conducted in or from the Centre, including asset management, banking, securities trading, Islamic finance, re-insurance, and an international financial exchange. The DFSA has been created using principle-based primary legislation modelled closely on that used in London and New York, and the DFSA regulatory regime operates to standards that meet or exceed those applying in the world's major financial centres.
The Dubai Financial Services Authority (DFSA) is a central component of the Dubai International Financial Centre (DIFC), a new financial centre established to position Dubai as a recognised hub for institutional finance, and the regional gateway for capital and investment to the Middle East.
Dr. Habib Al Mulla was appointed Chairman of the DFSA in June 2004. He is also the Managing Partner of Habib Al Mulla & Company, a leading law firm based in Dubai. Dr. Al Mulla has been a Member of the UAE Federal National Council since 2002.
