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The Journal

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Global Banking in Dubai’s DIFC

Over the past two decades, from its 2004 debut as the Middle East’s premier financial hub, DIFC has attracted leading banks from around the world. Regulation is provided by the Dubai Financial Services Authority (DFSA), an independent regulator that supervises all financial and ancillary services within DIFC. Modelled on international standards, it constitutes a separate authority from the UAE Central Bank, and together with a common-law court system, the centre anchors wholesale banking, capital markets, and private banking for the wider MEASA region. Now home to over 260 banking and capital markets institutions, the DIFC includes 27 of the world’s 29 globally important banks. Below, we map the institutions licensed in DIFC in 2025 – from investment banks to Swiss private houses.