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Farahat & Co. establishes presence at DIFC

  • United Arab Emirates: Tuesday, August 26 - 2008 at 15:48
  • PRESS RELEASE

The Dubai International Financial Centre (DIFC) today announced that Farahat & Co. (Farahat), a leading U.A.E auditing and accounting firm, has been granted a licence by the Dubai Financial Services Authority (DFSA) to operate in the DIFC.

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  • From left to right: Mohammed Ali, CEO & Partner, Farahat & Co, Nasser Alshaali, CEO, DIFC Authority Janet Hardy, Business Development Manager, Farahat & Co.
    From left to right: Mohammed Ali, CEO & Partner, Farahat & Co, Nasser Alshaali, CEO, DIFC Authority Janet Hardy, Business Development Manager, Farahat & Co.
Established in 1985, Farahat brings to the DIFC over twenty three years experience in assisting companies in the region with a complete range of professional financial services. As a certified Public Accountants and Audit firm, Farahat is ideally positioned to provide high quality, regionally focused advice and assistance on all finance related matters.

Nasser Al Shaali, Chief Executive Officer of the DIFC Authority said:
"As an established regional provider of high quality financial services, Farahat & Co is a welcome addition to the DIFC community. The DIFC has undoubtedly become a cornerstone for local and international companies alike, and the arrival of Farahat only serves to underline this unique global positioning. Furthermore, with its extensive regional expertise and a commitment to service excellence, Farahat's launch at the DIFC reflects the increasing emphasis that is being placed here in the region on transparency and financial accountability of the highest standards."


Mr. Mohammed Ali, Chief Executive Officer of Farahat & Co. said: "As a UAE company with an established presence in the region, Farahat is delighted to be granted a licence to operate from the region's leading financial centre. As the region's financial industry continues to develop at an unprecedented rate, Farahat will continue to serve its clients, employees, and the community with integrity, honesty, and objectivity. More than just accounting specialists, Farahat exists to protect and enhance the wealth of its clients, and its services are specifically designed for that purpose. We look forward to offering our unique blend of regional experience and local knowledge to companies at the DIFC."

From its DIFC office, Farahat will provide a complete range of professional services in the field of auditing, accounting, business establishment, software development, business and legal consultancy, system designing and development.
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Notes and media contacts

About the DIFC
The Dubai International Financial Centre (DIFC) is an onshore hub for global finance. It bridges the time gap between the financial centres of Hong Kong and London and services a region with the largest untapped emerging market for financial services. In just three years, over 700 firms have registered at the DIFC. They operate in an open environment complemented with world-class regulations and standards. The DIFC offers its member institutions incentives such as 100 per cent foreign ownership, zero tax on income and profits and no restrictions on foreign exchange. In addition their business benefits from modern infrastructure, operational support and business continuity facilities of uncompromisingly high standards.

Media enquiries:
Amira Abdulla
Director- Regional PR
Dubai International Financial Centre
Tel: +971 4 362 2433

Shaima Al Zarouni
Assistant PR Manager
Dubai International Financial Centre
Tel: +971 4 362 2432

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