
CICC expands its global footprint with official launch of DIFC branch
China International Capital Corporation Limited (CICC), China's leading investment bank, has officially launched its branch in Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA).
The new branch operates under China International Capital Corporation Hong Kong Securities Limited (CICC DIFC branch) holds a Category 4 licence and regulated by the Dubai Financial Services Authority (DFSA).
DIFC is a strategic gateway for the region for Chinese financial institutions and multinational firms. The biggest names in the Chinese banking and financial services industry have made their presence in DIFC, out of which 30 per cent are Fortune 500 companies.
As economic ties expand between the UAE and China, DIFC is committed to offering a well-developed platform that will help Chinese business expand and scale within the Middle East, Africa and South Asia region. Dubai's specific plans for the adoption of artificial intelligence in every sector with the support of the DIFC's Dubai AI Campus is synergistic with China's advanced research and technology development capabilities.
Chen Liang, chairman of CICC, said: 'The opening of the CICC DIFC Branch marks a significant milestone in our international expansion strategy. CICC remains committed to delivering innovative financial solutions that facilitate cross-border capital flows and foster deeper economic ties between China and key global markets. From UAE, a key gateway for the Gulf region, we will build tailored solutions to serve regional clients 'evolving needs' while supporting Chinese enterprises seeking strategic opportunities abroad, contributing financial momentum to the high-quality development of the Belt and Road Initiative.'
Essa Kazim, Governor of DIFC, said: 'We are delighted to welcome CICC to DIFC, bolstering the strategic relations between the UAE and China. Dubai and DIFC remain a top destination for Chinese investments, further accentuated by a surge in interest from banks, wealth and asset management firms, large corporations, and insurance sector market players. It underscores our commitment to offer a vast, well-developed ecosystem to help Chinese businesses expand and scale within the Middle East, Africa and South Asia region, strengthening DIFC's position in shaping the future of finance and boosting excellence in innovation.'
With Chinese roots and international reach, CICC is committed to providing high-quality and value–added financial services to a diversified set of clients, building up a balanced, full-service model based on research and information technology that empowers investment banking, equities, FICC (Fixed Income, Currencies and Commodities), asset management, private equity, and wealth management businesses.
Since its inception, CICC has been at the forefront of China's capital market development, integrating international best practices with local expertise. CICC has actively expanded into global markets, establishing offices in major financial centers such as Hong Kong SAR, New York, London, Singapore, Frankfurt, and Tokyo, reinforcing its international reach.
With the launch of the CICC DIFC branch, the firm is committed to becoming the premier two-way investment banking gateway between China and the Gulf region, leveraging its expertise in facilitating capital flows, structuring cross-border investments and advising on strategic opportunities. The branch will work closely with sovereign wealth funds, financial institutions, major corporations and other partners to help them actively participate in China's capital market projects and strengthen business collaboration between China and the broader Gulf region.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Khaleej Times
39 minutes ago
- Khaleej Times
Dubai: Grant or loan? Housing assistance for citizens explained
Navigating government housing assistance can be confusing, but it doesn't have to be. Whether you're building your first home, need a prefabricated home, or want to renovate and maintain your existing home, understanding the difference between grants and loans is the first step. Here's what you need to know and how to determine if you qualify. The Mohammed bin Rashid Housing Establishment continues to support Dubai citizens with housing services through two main options: housing grants and housing loans. Each option is designed to meet the needs of applicants based on their income, marital status, and living conditions. According to the Establishment's website, its mission is to provide housing services to those eligible, prioritising and addressing their needs, ensuring a decent life for them, and preserving the characteristics and benefits of the residential communities it establishes. Who Can Apply? Dubai citizens can apply for a grant or loan, subject to several eligibility criteria. Housing grants are generally provided to widows, divorcees with children, people of determination, and low-income families who do not own a property registered in their name in Dubai or other emirates. The applicant must be an Emirati holding a Dubai passport, and the property must be located in Dubai. On the other hand, housing loans are typically granted to citizens with a stable income who are able to repay the loan over a period of time. Applicants must be at least 22 years old, employed in the government or private sector, or self-employed, with proof of income. They must not have previously received housing support from federal or local entities. Married applicants, especially those with children, are given priority for both types of support. In some cases, separated or divorced individuals may apply jointly or individually, depending on the custody status and court rulings. According to WAM, the Foundation's responsibilities include allocating residential land, constructing housing and residential complexes, allocating them to beneficiaries, leasing them, providing soft loans and financial grants necessary for the construction and purchase of housing, and covering the costs of maintenance, additions, or replacement. The Foundation also rehabilitates existing housing for citizens in older areas of the emirate, resettling them in these areas, improving housing services, and undertaking all necessary actions, including the purchase, ownership, reconstruction, or renovation of housing, in coordination with relevant government agencies. Required documents Applicants must prepare a set of official documents, including: A copy of their Emirates ID card and family book Proof of income (such as a salary certificate or bank statement) A valid land title deed or signed approval (if applying for construction support) Marriage certificate (if applicable) Court documents in the event of divorce or custody Medical reports if applying under the category of people with special needs All documents must be submitted through official channels and updated continuously throughout the process. Financial details Eligibility is also affected by the applicant's income. While there is no fixed minimum, grants are typically awarded to those with a monthly income of less than Dh15,000, while loans are granted to those with incomes above this limit, based on their ability to repay. The maximum support provided by the Mohammed bin Rashid Housing Establishment can reach up to Dh1 million, depending on the type of housing product and the assessment of the case. Financial loans are granted to beneficiaries pursuant to a contract concluded between the Establishment and the beneficiary. This contract specifies the loan amount and its purpose, the method, amount, and duration of the collection guarantee, and any other conditions the Establishment deems appropriate. Regarding collection, financial loans are collected in monthly installments, the amount of which is determined according to regulations and standards. The beneficiary's monthly income is taken into account when determining the installment amount, and the full loan repayment period must not exceed twenty-five years. How to apply The process begins by creating an account on the Mohammed bin Rashid Housing Establishment's smart platform or using the Dubai Now app. Applicants must complete the online application form and upload all necessary documents. After submitting the application, it undergoes an initial review phase, followed by a technical and financial evaluation. The Mohammed bin Rashid Housing Establishment also provides advisory support for those unsure of which service is right for them. The Khaleej Times recently reported that the Foundation had implemented a training initiative for citizens on efficient and sustainable housing construction. Participants were provided with a detailed guide covering housing services, construction guidelines, and smart systems, as well as sustainable home management practices. They also learned how to estimate construction costs, determine an appropriate budget, choose the right home dimensions, and align the home design with the family's needs and financial resources. In addition, participants were introduced to the differences between building a new home and purchasing a ready-made home, as well as an overview of available financing options. Types of housing support The Mohammed bin Rashid Housing Establishment offers a variety of housing grants and loans, designed to meet the various stages of a citizen's housing search journey. Among the most common types of grants are: Construction grants for citizens who own land but cannot afford construction costs. Home maintenance grants for families living in old properties that need urgent repairs. Ready-built home purchase grants for low-income families eligible for a ready-built home. Replacement grants for the demolition and reconstruction of unsafe buildings. For housing loans, there are a variety of options to suit different income brackets: Each type has specific conditions, repayment terms (for loans), and technical requirements. The Corporation's responsibilities, also include owning, constructing, leasing, and renting land and real estate; designing and implementing residential units and complexes for beneficiaries, either by itself or through institutions and companies it contracts for this purpose; and designing and implementing service facilities related to these units and complexes, in coordination with relevant government agencies.


Arabian Business
3 hours ago
- Arabian Business
Dubai's Global Village opens vendor applications for Season 30 as visitor numbers hit 10.5m
Global Village Dubai has officially opened applications for vendors to participate in its milestone Season 30, inviting proposals for the 'Restaurant and Coffee Shops' and 'Open Market' categories. Entrepreneurs, culinary innovators, and retail traders are encouraged to submit their concepts for key areas across the attraction, including popular zones such as Road of Asia and the iconic Indian Chaat Bazaar. There is also an opportunity to propose new open market ideas, making Season 30 a launchpad for fresh, high-impact business concepts. Global Village in Dubai The call for proposals follows the success of Season 29, which welcomed a record 10.5m visitors and featured: More than 3,500 retail outlets More than 250 dining experiences More than 75 new partners 80 new concepts launched across categories This performance underscores the high visibility and business potential that Global Village offers to participants each year. Global Village continues to serve as a powerful platform for entrepreneurial growth, combining footfall, diversity, and world-class infrastructure. Its focus on cultural celebration, unique shopping experiences, and international cuisine attracts a broad visitor base from across the UAE and beyond. The venue's reputation for business support, operational stability, and innovation-friendly environment makes it an attractive destination for startups and established brands alike. How to apply


Arabian Business
3 hours ago
- Arabian Business
UAE holiday dates; Dubai Metro Blue Line guide; Al Maktoum International Airport real estate boost – 10 things you missed this week
Workers across the UAE are already looking forward to their next holidays and planning vacations around expected dates. Meanwhile, a major update has been announced for the Dubai Metro Blue Line, Al Maktoum International Airport gives a boost to the real estate sector and Abu Dhabi and Ajman revealed new property rules. Catch up on 10 of the biggest stories this week, as selected by Arabian Business editors. UAE holidays 2025: When is the next long weekend? Expected dates revealed The UAE will observe at least 12 public holidays in 2025, with residents having just concluded the Eid Al Adha break. A future long weekend of the year is expected to fall on Prophet Muhammad's Birthday (PBUH). The break is expected to fall on Friday, September 5, creating a three-day long weekend for residents. The date corresponds to Rabi' Al Awwal 12 in the Islamic calendar, though it may change depending on whether Islamic months contain 29 or 30 days. Dubai Ruler Sheikh Mohammed lays foundation stone for 30km Metro Blue Line Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, attended the foundation stone laying ceremony of the Dubai Metro Blue Line, marking a milestone in the expansion of the city's public transportation network. The new line will span 30 kilometres and comprise 14 stations, transforming mobility across nine districts projected to house over one million residents according to the Dubai 2040 Urban Master Plan, the Dubai Media Office said in a statement. 'During the laying of the foundation stone for the first station on the Dubai Metro's Blue Line, which has a total benefit valued at AED56bn, the station represents an architectural icon that will be added to Dubai's cultural icons. It will be the first station on the Blue Line, which will extend 30km, bringing the total length of Dubai's railways to 131km and 78 stations. Since its launch until the end of last year, the Dubai Metro has transported more than 2.5bn people, an average of 900,000 passengers per day. The new route will be a major addition to the emirate's transport infrastructure. We continue to develop the city… we continue to build the best city to live in the world,' Sheikh Mohammed said in an X post. How $35bn Al Maktoum International Airport expansion is driving major Dubai South real estate investment boom as property prices tipped to grow 20% The AED128bn ($35bn) expansion of Al Maktoum International Airport in Dubai South is fuelling a real estate boom that has major implications for the wider UAE economy, according to Betterhomes analysis. Property transactions in the area exceeded AED15bn ($4.1bn) in the first five months of 2025 and prices could increase by up to 20 per cent in the near term said analysts. Spanning 70 sq km, the new Al Maktoum Airport will feature five runways and 400 aircraft gates and is expected to accommodate more than 260m passengers annually upon completion. Emaar Properties launches digital resale platform VYOM Emaar Properties has launched VYOM, a digital resale platform set to redefine the way Emaar homes are bought and sold, helping users overcome long-standing inefficiencies such as pricing discrepancies, market opacity, and communication gaps. Purpose-built for discerning homeowners and investors, VYOM offers a seamless, end-to-end experience that is transparent and secure. It gives users complete control over the resale process, allowing them to create listings, upload property images, and manage inquiries without intermediaries. VYOM is a transformative step in Emaar's ongoing digital evolution, offering a smarter, frictionless alternative to traditional resale methods. It is also a part of the company's customer-first initiatives. Abu Dhabi announces major new real estate laws Abu Dhabi has announced major updates to real estate legislation, as part of the emirate's long-term strategy to enhance its position as a leading global hub for property investment. The changes by the Department of Municipalities and Transport (DMT) aim to create a more transparent, flexible, and sustainable legislative environment, supporting developers while safeguarding investor rights. The updated framework will empower the Abu Dhabi Real Estate Centre (ADREC) to more effectively regulate the sector, improve governance standards, and maintain a balanced relationship between stakeholders. The new laws are designed to ensure the long-term sustainability of jointly owned properties, regulate all real estate-related professions, and bring clarity to contracts and operational procedures — aligning Abu Dhabi's regulatory model with global best practices. Dubai traffic to ease: RTA begins road improvements at 40 key locations for summer 2025 Dubai's Roads and Transport Authority has begun traffic improvements at 40 locations across the emirate, with work scheduled between June and September 2025. The programme covers 22 streets, 9 school zones, more than 5 development areas, and internal roads in Tolerance District, Al Khawaneej 2, and Nad Al Sheba. RTA has timed the work during summer holidays to reduce disruption to traffic flow whilst maintaining safety standards at all sites. Dubai real estate: New tower sells out in three hours at new South Square development Dubai South Properties launched South Square, a residential development positioned along Sheikh Mohammed Bin Zayed Road near Al Maktoum International Airport, on June 9, 2025. The S4 Tower within the project sold out completely within three hours of launch. The development responds to demand from investors and end-users attracted to the area. South Square comprises over 550 apartments across one-, two-, and three-bedroom configurations. The community features landscaped outdoor spaces, seed farms, walking trails, water features, a yoga deck, fitness and leisure zones, retail outlets, dining facilities, and co-working spaces. Unit prices begin at AED 1.1 million, with completion scheduled for Q4 2028. EU removes UAE from 'high-risk' money-laundering list The EU has removed the UAE from its high-risk money-laundering list. The European Commission has updated its list of high-risk jurisdictions presenting strategic deficiencies in their national anti-money laundering and countering the financing of terrorism (AML/CFT) regimes. The UAE was among eight countries removed from the list, while a further 10, including Lebanon were added to the high-risk list. Ajman issues new real estate laws Ajman has announced new rules to govern real estate service fees and fines. Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of Ajman Executive Council, has issued Emiri Decree No. 9 of 2025 concerning service fees, violations, and fines applied by the Department of Land and Real Estate Regulation. The Emiri Decree is part of the emirate's broader efforts to modernise the legislative environment governing the real estate sector and enhance its efficiency in line with the emirate's economic and regulatory development. Under the decree, the Department of Land and Real Estate Regulation shall collect the determined service fees, detect and document violations, and collect the specified fines—without prejudice to any harsher penalty stipulated in any other legislation. 10 Hollywood quotes every Dubai real estate investor should live by in 2025 In Dubai's ultra-competitive real estate industry, records are broken and billions of dollars of deals are made every week. Success in the market takes more than hard work—it takes vision, negotiation skill, relentless follow-up, and the confidence to act before the market does. And sometimes, a line from the silver screen says it best. These ten Hollywood quotes aren't just memorable—they're mindset tools. Pulled from cult classics and Oscar winners, each one captures a trait Dubai's top-performing property professionals live by: strategic boldness, calculated risk, unshakable belief, and a refusal to settle for average. Whether you're closing beachfront villas, selling out off-plan towers, or expanding your investment portfolio, let these lines guide your real estate strategy in 2025—and beyond.