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DIFC’s 20th Anniversary Takes Flight with Strong Contribution to Dubai’s Economy and Record-Breaking Annual Results

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DUBAI, UAE, Feb. 15, 2024 /PRNewswire/ — Dubai International Financial Centre (DIFC) continued to differentiate its position as the leading global financial centre for the Middle East, Africa and South Asia (MEASA) region during 2023.

His Excellency Essa Kazim, Governor of DIFC, commented: “DIFC’s 2023 performance reflects the Centre’s standing as the leading global financial hub in the region, central to Dubai’s Economic Agenda (D33). Reflecting DIFC’s position as the primary choice for financial services related companies and innovation firms over the last 20 years, the results catapulted DIFC towards its Strategy 2030 targets which include doubling its contribution to Dubai GDP.”

Home to 5,523 active companies, with 1,451 new companies established in 2023, the highest number of new registrations annually in the Centre’s history, DIFC announced it is ahead of target to double its GDP contribution by 2030.

2023 combined revenues grew at their fastest levels since inception, approaching AED 1.3bn, 23 per cent higher than 2022. Operating profit reached AED 859mn, up 27 per cent. Reflecting the strength of DIFC’s financial position, total assets were AED 18bn, an increase of 18 per cent.

The total of financial and innovation related active companies now stand at 1,674. During the year, 316 FinTech and Innovation firms established a DIFC presence, taking the net total to 902. DIFC also continues to be a magnet for talent attraction. The total workforce grew to 41,597, a 15 per cent year-on-year increase, creating 5,514 new jobs.

DIFC built the MEASA region’s biggest hub for wealth and asset management of over 350 firms primarily from the GCC, Europe, UK and US. There are now 50 hedge fund related firms in DIFC’s wealth and asset management ecosystem. DIFC-based family business foundation structures also surged by 53 per cent to 443, reflecting a significant uptake during 2023.

DIFC owned and managed properties continue to be in high demand. At the end of 2023, occupancy stood at 99.5 per cent. DIFC Living, the Centre’s first residential offering, sold out within 48 hours of being launched.  

DIFC continued to support growth of the sustainable debt market within Nasdaq Dubai. The DIFC exchange emerged as the world’s largest ESG sukuk market with more than 60 per cent of US-denominated ESG sukuk and close to 50 per cent of all-currencies ESG sukuk.

Please visit: DIFC | 2023 Annual Review

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BingX Partners with SafePal to Enhance Liquidity and Crypto Trading Accessibility

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VILNIUS, Lithuania, Nov. 28, 2024 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is pleased to announce its partnership with SafePal, a next-generation non-custodial crypto wallet suite. SafePal, known for its unique hybrid approach to empowering DeFi and CeFi over a hundred blockchains, joins forces with BingX to enhance liquidity, elevate user experience, and expand access to innovative blockchain services for traders worldwide. This collaboration also marks a significant advancement in the BingX Global Broker Program, reinforcing its commitment to building a more interconnected and efficient trading ecosystem.

Vivien Lin, Chief Product Officer of BingX, expressed enthusiasm for this development: “SafePal will serve as an independent broker under the BingX Exchange Broker Program, indicating our rapid adoption and growth. Our partnership with SafePal is a pivotal step in reshaping how users access liquidity and seamless trading experiences. By integrating BingX’s advanced liquidity solutions with SafePal’s wallet ecosystem, we’re setting a new standard for broker integration and empowering users with unparalleled tools for trading success.”

This integration brings enhanced open API functionalities for spot, contract, and strategic trading, along with upgraded financial products. By merging BingX’s liquidity expertise with SafePal’s decentralized platform, the partnership delivers an elevated trading experience for users. It reflects BingX’s commitment to fostering broker collaborations while expanding its ecosystem. Additionally, the move underscores BingX’s forward-looking strategy to strengthen partnerships and broaden its impact within the broker ecosystem.

The BingX Global Broker Program has played a key role in building global partnerships and enhancing accessibility to cryptocurrency trading. By consistently delivering exceptional value to its users and broker partners, BingX has solidified its reputation as an industry leader. With the program’s latest upgrades and strategic collaborations like the partnership with SafePal, BingX is shaping a more interconnected, efficient, and user-focused cryptocurrency trading ecosystem. As part of its vision, BingX welcomes more broker platforms to join its efforts in driving innovation and advancing the future of decentralized finance.

About BingX 

Founded in 2018, BingX is a leading crypto exchange, serving over 10 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.

For more information please visit: https://bingx.com/

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YunoJuno Recognised as Best International Contractor Provider, Revolutionising Global Freelance Management

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LONDON, Nov. 28, 2024 /PRNewswire/ — YunoJuno, the innovative platform transforming how businesses compliantly source, manage and pay a global contractor workforce, has been awarded the prestigious title of Best International Contractor Provider at the annual Contracting Awards in London, solidifying its position as a global leader in contractor workforce management solutions.

The award comes at a critical time when businesses are increasingly relying on flexible, global talent to drive innovation and maintain competitive advantage. YunoJuno’s comprehensive platform has distinguished itself by offering a seamless, end-to-end solution that simplifies the complex processes of finding, hiring, managing, and paying contractors across international borders.

“This recognition underscores our commitment to revolutionising how companies connect with contractor talent worldwide,” said Runar Reistrup, CEO of YunoJuno. “Our commitment to providing a seamless, compliant, global hiring experience that helps businesses deliver quality and agility beyond geographical boundaries has been key to this achievement.”

YunoJuno platform’s core solutions include:

– All-in-one Freelancer Management System (FMS) to source, onboard, manage and pay a global workforce
– Unrivalled Global Talent Marketplace: Access to on-demand skills from a diverse pool of pre-vetted, high-quality freelance professionals
– Integrated Global Payment Solutions: Simplified international payments with support for multiple currencies
– Built-in Global Compliance and Risk Management: Robust systems ensuring legal and financial compliance across different international jurisdictions

Driven by the mission to unlock the true potential of flexible talent, YunoJuno has emerged as a pivotal player in the contractor management ecosystem, aligning HR, Talent, Procurement and Finance teams. The platform serves a wide range of industries, from technology and creative sectors to consulting and digital marketing, enabling companies of all sizes to build flexible, future-fit, high-performance teams.

“Winning this award is not just a milestone for YunoJuno, but a testament to the evolving nature of the future of work,” added Joao Martires, Chief Operating Officer at YunoJuno leading global expansion. “We’re witnessing a global shift towards more flexible, skills-focused, project-based employment and our platform is at the forefront of this transformation.”

The award highlights YunoJuno’s significant achievements in addressing the growing challenges of international freelance workforce management. With businesses increasingly adopting remote and hybrid work models, platforms like YunoJuno are becoming essential tools for organisations looking to boost their competitive advantage and respond with agility to changing economic conditions.

The platform’s success is backed by its ability to solve critical pain points for both businesses and freelancers. Companies gain access to global talent without the administrative complexities and risk, while freelancers benefit from a transparent, fair, and efficient marketplace.

Looking forward, YunoJuno plans to continue investing in human-led technological innovations, expanding its global talent network, and enhancing its platform’s capabilities to meet the evolving needs of the modern workforce.

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For media inquiries or further information about YunoJuno’s award, 
please contact:
Katey-Rose Gregory
Content Marketing Lead at YunoJuno
[email protected]

About YunoJuno: 
YunoJuno is the all-in-one solution to find, hire, manage and pay contractors and freelancers globally. Built as a Freelancer Management System with direct sourcing included and plug-in options, YunoJuno takes the work and risk out of working with contractors.

Combining a Freelance Management System with an elite marketplace of 100,000+ industry vetted contractors and an on-hand delivery team, YunoJuno helps reduce costs, hiring times and protect against misclassification. With integrated tools and automation, businesses can now accurately classify workers quickly, compliantly and on a global scale. 

www.yunojuno.com 

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Mergermarket unveils 2024 European M&A Awards winners

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LONDON, Nov. 28, 2024 /PRNewswire/ — Mergermarket, an ION Analytics service, hosted the 2024 European M&A Awards on 27 November in London, celebrating excellence in the mergers and acquisitions landscape. This year’s event featured 147 firms shortlisted across 49 categories, showcasing the region’s exceptional talent.

The awards recognize standout advisory achievements on complex deals — with entries evaluated using Mergermarket’s industry-leading data to highlight excellence across the investment arena. With only one winner per category and categories spanning multiple deal sizes — from small-cap to large-cap private equity — these awards set industry benchmarks that inspire confidence in the sector.

The event was attended by 250 senior leaders representing firms across finance, law, and advisory services. This year’s awards highlight Europe’s resilient M&A market and celebrate landmark transactions, providing insight into how leading firms are adapting to economic challenges.

John West, Head of Europe, Mergermarket, said, “The awards showcase the true grit of the European M&A community in driving growth amid the shifting sands of the financing and regulatory environment. European M&A year-to-date stands at EUR 665 billion, up 21% since 2023. Key drivers have been the UK, where total deal values are up 72%, and private equity buyouts and exits rose 30%. With big money on the table for landmark deals such as FiberCop, Adevinta, Darktrace, Royal Mail owner IDS, and many more, it’s clear the European M&A investment banking, advisory, legal, and private equity industries have been on the front foot to deliver for clients and investors.”

The winners are:

Legal adviser:                                                                      Financial adviser:

European M&A

Freshfields

European M&A

Goldman Sachs

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European Mid-Market M&A

Latham & Watkins

European Mid-Market M&A

Rothschild & Co

European Private Equity

Kirkland & Ellis

European Private Equity

Goldman Sachs

Austria

Schoenherr

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Austria

Deloitte

Baltics

Ellex

Baltics

Superia

Benelux

Linklaters

Benelux

Morgan Stanley

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CEE

CMS

CEE

Goldman Sachs

Denmark

Gorrissen Federspiel

Denmark

Citi

Finland

Krogerus

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Finland

Carnegie

France

Weil, Gotshal & Manges

France

BNP Paribas

Germany

CMS

Germany

Morgan Stanley

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Ireland

Arthur Cox

Ireland

Rothschild & Co

Israel

Goldfarb Gross Seligman

Israel

Bank of America

Italy

Gianni & Origoni

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Italy

Mediobanca

MENA

Freshfields

MENA

Rothschild & Co

Norway

Wiersholm

Norway

ABG Sundal Collier

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Iberia

Garrigues

Iberia

Deloitte

Sweden

Vinge

Sweden

Carnegie

Switzerland

Baer & Karrer

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Switzerland

UBS

Turkey

Ozmen Yalcin

Turkey

UNLU & Co

United Kingdom

Latham & Watkins

United Kingdom

JP Morgan

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Accountancy

Due Diligence Firm             

EY             

Tax Advisory Firm

EY

 

Private Equity

European Large-Cap (entry value range $500 million+)

Permira

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European Upper Mid-Market (entry value range $250-500 million)

Ardian

European Lower Mid-Market (entry value range $50-250 million)

Eurazeo

European Small-Cap (entry value range $0-50 million)

BGF

 

          Deal of the year               

Adevinta (Blackstone and Permira)

About ION

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ION provides mission-critical trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporate organizations. Our solutions and services simplify complex processes, boost efficiency, and enable better decision-making. We build long-term partnerships with our clients, helping transform their businesses for sustained success through continuous innovation. For more information, visit https://iongroup.com/

About ION Analytics

ION Analytics delivers personalized, targeted data and market intelligence to banks, investors, and corporates, helping clients find opportunities and drive better decisions in markets ranging from equities and fixed income to infrastructure and private equity. For more information, visit https://iongroup.com/analytics/

About Mergermarket

Mergermarket is the premier global proprietary M&A intelligence, data, and predictive analytics provider. With access to coverage of 1.4 million companies, almost 3,000 sponsors, and powered by 300 journalists and analysts globally, we bring transformative M&A insight and a competitive edge to capital markets professionals, shaping the future of M&A. For more information, visit https://info.mergermarket.com/

All product and company names herein may be trademarks of their registered owners.

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