#PROJECT: DUBAI INTERNATIONAL FINANCIAL CENTRE (DIFC)

[Bahraini Spirit]

For the BFH, it was conceived over 2 years before it launched, even before the DIFC but they just waited for the right moment to launch it.

To me and lookin at the trends, forget the big names, go for Islamic Finance, it's the future and if you want success, build on that. Dubai seems to attract the European banks while Bahrain the American. There will be gaps that need to be filled.

It's never about names, it's about performance, and exploiting the unexploited. And for Dubai's potential, yes it's greater than Bahrain and is more attractive, but again Bahrain has it's strong points where it ousts any country in the region. It depends on what you want, it's not always about buildings and towers and names.

[Dubai-Lover]

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Credit Suisse launches full service bank at Dubai International Financial Centre

Credit Suisse, a leading global financial services provider headquartered in Zurich, announced today at a press conference in Dubai that it has officially commenced full-service banking operations at its new branch at the Dubai International Financial Centre (DIFC).


From left to right: Mr. Joachim H. Straehle - Member of the Executive Board Credit Suisse and Head Private Banking International, Dr. Omar Bin Sulaiman - Director General of the Dubai International Financial Centre Authority, Dr. Hans-Ulrich Doerig - Vice-Chairman of the Board Credit Suisse Group and Mr. Beat Naegeli - Managing Director and Head Credit Suisse in Dubai.
Credit Suisse was the first company to move into 'The Gate', the landmark building within the DIFC. The official opening took place under the patronage of His Highness General Sheikh Mohammed bin Rashid Al Maktoum, Dubai Crown Prince, UAE Minister of Defense and President of the Dubai International Financial Centre.

Credit Suisse considers the Middle East to be one of its most important markets and has decided to expand its operation in the region to cater to investors' private banking needs. In December 2004, Credit Suisse was granted the first full-service bank license to operate under the authority of the Dubai Financial Services Authority as of April 1st 2005.

Joachim H. Straehle, Member of the Executive Board of Credit Suisse and Head of Private Banking International, stated: 'We have been building up our knowledge and understanding of the Middle East since the 1970s. Thus we regard the opening of our Dubai branch as an important step in the continuation of our growth strategy in the region.'

Dr. Omar Bin Sulaiman, Director General, Dubai International Financial Centre Authority (DIFCA), commented: 'On behalf of the DIFCA I wish to offer our sincere congratulations to Credit Suisse on the launch of its new venture at the DIFC. Credit Suisse has been an advocate of the DIFC since the outset. It was the first company to announce that it was planning to apply to the regulator for a licence to operate from the centre and it is appropriate that it should be the first company to offer its private banking services from 'The Gate'.The DIFC will contribute to the development and growth of Dubai, the UAE and the wider region. With firms of the calibre of Credit Suisse operating from the centre our success is assured.'

Beat Naegeli, Managing Director in charge of the Branch in Dubai added: 'We are the first bank to have received a license to offer fully-fledged private banking services under the regulation of the Dubai Financial Services Authority. One important aspect of the license is the fact that it allows us to book our clients' assets onshore.'

The bank, which will be celebrating its 150 year anniversary in 2006, will primarily be targeting private banking clients with liquid assets of over USD 1 million and will provide a comprehensive service to its clients.

[Krazy]

Credit Suisse launches full service bank at Dubai International Financial Centre

Credit Suisse, a leading global financial services provider headquartered in Zurich, announced today at a press conference in Dubai that it has officially commenced full-service banking operations at its new branch at the Dubai International Financial Centre (DIFC).


From left to right: Mr. Joachim H. Straehle - Member of the Executive Board Credit Suisse and Head Private Banking International, Dr. Omar Bin Sulaiman - Director General of the Dubai International Financial Centre Authority, Dr. Hans-Ulrich Doerig - Vice-Chairman of the Board Credit Suisse Group and Mr. Beat Naegeli - Managing Director and Head Credit Suisse in Dubai.

Credit Suisse was the first company to move into 'The Gate', the landmark building within the DIFC. The official opening took place under the patronage of His Highness General Sheikh Mohammed bin Rashid Al Maktoum, Dubai Crown Prince, UAE Minister of Defense and President of the Dubai International Financial Centre.

Credit Suisse considers the Middle East to be one of its most important markets and has decided to expand its operation in the region to cater to investors' private banking needs. In December 2004, Credit Suisse was granted the first full-service bank license to operate under the authority of the Dubai Financial Services Authority as of April 1st 2005.

Joachim H. Straehle, Member of the Executive Board of Credit Suisse and Head of Private Banking International, stated: 'We have been building up our knowledge and understanding of the Middle East since the 1970s. Thus we regard the opening of our Dubai branch as an important step in the continuation of our growth strategy in the region.'

Dr. Omar Bin Sulaiman, Director General, Dubai International Financial Centre Authority (DIFCA), commented: 'On behalf of the DIFCA I wish to offer our sincere congratulations to Credit Suisse on the launch of its new venture at the DIFC. Credit Suisse has been an advocate of the DIFC since the outset. It was the first company to announce that it was planning to apply to the regulator for a licence to operate from the centre and it is appropriate that it should be the first company to offer its private banking services from 'The Gate'.The DIFC will contribute to the development and growth of Dubai, the UAE and the wider region. With firms of the calibre of Credit Suisse operating from the centre our success is assured.'

Beat Naegeli, Managing Director in charge of the Branch in Dubai added: 'We are the first bank to have received a license to offer fully-fledged private banking services under the regulation of the Dubai Financial Services Authority. One important aspect of the license is the fact that it allows us to book our clients' assets onshore.'

The bank, which will be celebrating its 150 year anniversary in 2006, will primarily be targeting private banking clients with liquid assets of over USD 1 million and will provide a comprehensive service to its clients.

[New York Yankee]

Originally Posted by Krazy

Credit Suisse launches full service bank at Dubai International Financial Centre

Credit Suisse, a leading global financial services provider headquartered in Zurich, announced today at a press conference in Dubai that it has officially commenced full-service banking operations at its new branch at the Dubai International Financial Centre (DIFC).


From left to right: Mr. Joachim H. Straehle - Member of the Executive Board Credit Suisse and Head Private Banking International, Dr. Omar Bin Sulaiman - Director General of the Dubai International Financial Centre Authority, Dr. Hans-Ulrich Doerig - Vice-Chairman of the Board Credit Suisse Group and Mr. Beat Naegeli - Managing Director and Head Credit Suisse in Dubai.

Credit Suisse was the first company to move into 'The Gate', the landmark building within the DIFC. The official opening took place under the patronage of His Highness General Sheikh Mohammed bin Rashid Al Maktoum, Dubai Crown Prince, UAE Minister of Defense and President of the Dubai International Financial Centre.

Credit Suisse considers the Middle East to be one of its most important markets and has decided to expand its operation in the region to cater to investors' private banking needs. In December 2004, Credit Suisse was granted the first full-service bank license to operate under the authority of the Dubai Financial Services Authority as of April 1st 2005.

Joachim H. Straehle, Member of the Executive Board of Credit Suisse and Head of Private Banking International, stated: 'We have been building up our knowledge and understanding of the Middle East since the 1970s. Thus we regard the opening of our Dubai branch as an important step in the continuation of our growth strategy in the region.'

Dr. Omar Bin Sulaiman, Director General, Dubai International Financial Centre Authority (DIFCA), commented: 'On behalf of the DIFCA I wish to offer our sincere congratulations to Credit Suisse on the launch of its new venture at the DIFC. Credit Suisse has been an advocate of the DIFC since the outset. It was the first company to announce that it was planning to apply to the regulator for a licence to operate from the centre and it is appropriate that it should be the first company to offer its private banking services from 'The Gate'.The DIFC will contribute to the development and growth of Dubai, the UAE and the wider region. With firms of the calibre of Credit Suisse operating from the centre our success is assured.'

Beat Naegeli, Managing Director in charge of the Branch in Dubai added: 'We are the first bank to have received a license to offer fully-fledged private banking services under the regulation of the Dubai Financial Services Authority. One important aspect of the license is the fact that it allows us to book our clients' assets onshore.'

The bank, which will be celebrating its 150 year anniversary in 2006, will primarily be targeting private banking clients with liquid assets of over USD 1 million and will provide a comprehensive service to its clients.

is this in "the Gate"???

[dubaiflo]

it is...read first sentence...!

[BinDubai]

Originally Posted by Bahraini Spirit

For the BFH, it was conceived over 2 years before it launched, even before the DIFC but they just waited for the right moment to launch it.

To me and lookin at the trends, forget the big names, go for Islamic Finance, it's the future and if you want success, build on that. Dubai seems to attract the European banks while Bahrain the American. There will be gaps that need to be filled.

It's never about names, it's about performance, and exploiting the unexploited. And for Dubai's potential, yes it's greater than Bahrain and is more attractive, but again Bahrain has it's strong points where it ousts any country in the region. It depends on what you want, it's not always about buildings and towers and names.

kalamik kila reasonable bro i didn't mean in my post that DIFC will be the only good financial Center .. there will be competetion and ofcourse ... and about the lunching of DIFC ? who said that it was planned and designed in a single night ? for your info buddy a financial center was going to built in AD back in the 80's on al saidiyat Islands but they abandoned it .... and as for the business Dubai is the capital in that so it was more reasonable to be built in Dubai...
and speaking about the first move another example was the F1-circuit it was planned long time ago in Dubai but Bahrain lunched it a year before Dubai did while i remember back in 1996 it was planned and spoken about

[BinDubai]

Originally Posted by Moody

First mover advantage is represented in the current situation and 31 years of bankinf experience, and not some Handsome buildings !!

Do you remember one thing? Bahrain was first country in the Gulf to explore Oil, but are we necesserly as importat today as we were in oil production more than 75 years ago? My example is to show you the invalidity you point concerning birth place of certain industries (Islamic Finance) or what ever.

And I really hope that both projects be a success, as far it will not have impact on other people's source of income.

Yallah man, lets celebrate our achievments !

well bro everybody knows that Bahrain was the first to export oil and kuwait came second hatha shay ma ne5telif 3alaih bas regarding Islamic Finance DIB was the first to achieve this title i won't argue about it because it's a fact . Although Bahrain was much more developed than the UAE during the past because it had it's own athorities during the past while the UAE didn't have that much of political stability during that time due to invasion battles and stuff.. anyway my point is the UAE currently (specially the 3 most developed Emirates AD,Dubai, and sharjah ) achieved what no other country could so i guess in matters of business and Dubai being the hub of most of them DIFC will have a great potential in attracting international banks and financial experts
o bil3aks ya3nee al wa7ed yetmana al 5air ey3em 3la al jemeee3 o al Ba7rain 3azeezah o '3alyah 3alaina

[BinDubai]

Originally Posted by dubaiflo

it is...read first sentence...!

i don't think they meant to say"they will move to the whole Gate building .. i guess just part of it because the Administration will be there .. (DIFCA)

[dubaiflo]

yah of course but his question was if the bank will be located in the gate

[BinDubai]

Originally Posted by dubaiflo

yah of course but his question was if the bank will be located in the gate

might be .. i have no idea yet

[DarkBlueBoss]

anyone has any information about the development of a credit Bureau in the UAE / Dubai ??????

[BinDubai]

By the way DFM will move to DIFC in september

[Moody]

Originally Posted by BinDubai

well bro everybody knows that Bahrain was the first to export oil and kuwait came second hatha shay ma ne5telif 3alaih bas regarding Islamic Finance DIB was the first to achieve this title i won't argue about it because it's a fact . Although Bahrain was much more developed than the UAE during the past because it had it's own athorities during the past while the UAE didn't have that much of political stability during that time due to invasion battles and stuff.. anyway my point is the UAE currently (specially the 3 most developed Emirates AD,Dubai, and sharjah ) achieved what no other country could so i guess it matters of business and Dubai being the hub of most of them DIFC will has a great potential in attracting international banks and financial experts
o bil3aks ya3nee al wa7ed yetmana al 5air ey3em 3la al jemeee3 o al Ba7rain 3azeezah o '3alyah 3alaina

Man, leave it for time...... it's too early to tell , but we'll keep in touch i guess !!

[BinDubai]

Originally Posted by Moody

Man, leave it for time...... it's too early to tell , but we'll keep in touch i guess !!

3ala allah and i'm sure we will

[Krazy]

I hope they remove those Credit Suisse writings from the gate and its not permanent.

[BinDubai]

Originally Posted by Krazy

I hope they remove those Credit Suisse writings from the gate and its not permanent.

i'm sure they will because it's just an Advr.

[AltinD]

This building was on the DIFC section that is on the other side of the road that runs alongside Novotel and Accor Hotel and ends up to Al Muroj Complex.

[Dubai_Boy]

Offices !! maybe , or a minirise

[Dubai-Lover]

i'm not sure but i think this one is sky gardens

[dubaiflo]

little bit weird construction site..?