Dubai is financial hotspot

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Credit Suisse and Aon have both lodged letters of intent to apply for a licence from the Dubai International Financial Centre (DIFC). Credit Suisse already has a presence in the region and has been in existence there for the past 25 years. According to Joe Straehle, CEO covering Asia Pacific, Middle East, America, Eastern & Northern Europe, applying for a licence is the next logical continuation in the company's relationship with the Gulf region. He said: "We have closely examined the model of the DIFC and, based on our positive evaluation, have decided to issue a letter of intent. We ...

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