Business leaders gather at DIFC Forum to discuss emerging economies of the region

The primary focus of the forum is to explore the implications of a number of seismic shifts of power in world trade, economics and politics. International business leaders from East and South Asia, the Middle East, Africa and beyond will be in attendance today where they will examine the opportunities and challenges posed by such changes. In particular they will explore the increasing importance of trade between India and China and the Middle East; the effect that regulatory changes in mature markets will have on global financial services; China's forthcoming leadership changes and the potential trade ramifications of the Arab Spring.

Referring to the forum, His Highness Sheikh Maktoum said, "Dubai provides the ideal setting to examine the challenges and opportunities that the global business community faces in these unprecedented times. The potential for growth in the Middle East, India and Asia, particularly China, has been well documented and as a finance hub for the MENASA region Dubai is well positioned to host discussions about these exciting opportunities for growth. The crucial thing is for businesses - and governments - to understand these changes so that they can adjust and plan accordingly."

DIFC's critical role

As the global finance hub of the region between London and Hong Kong, DIFC has been at the forefront of debate and analysis during recent years, playing a critical role in the economic development of the region. DIFC's independent, world-class regulatory framework is one of the primary factors for the centre's continued growth, despite the challenging global situation. This shifting centre of gravity has various implications for businesses in the region and around the world. Taking the example of China, the surge of a new wealthy middle class and the rise of the Renminbi as a global currency are two opportunities in terms of trade and investment flows in the region; today's event promises to lead the discussion on the flourishing relationship between the Middle East and the emerging markets of Asia and Africa.