Financial Centre photograph

Financial Centre

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AddressDubai - United Arab Emirates
Opened September 9, 2009
Station code 24
Line(s) Red Line
ConnectionsRoads and Transport Authority (RTA)
Dubai
Al Satwa
Date of Reg.
Date of Upd.
ID2268695
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About Financial Centre


Financial Centre is a rapid transit station on the Red Line of the Dubai Metro in Dubai.

Where is the Financial Centre

Financial Centre Map
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Richard Teng: Who is the new boss of Binance?

Richard Teng: Who is the new boss of Binance?
Nov 22,2023 1:01 am

... He then moved on to the become CEO of the Abu Dhabi Global Market (ADGM), an international Financial Centre in the United Arab Emirates, where he stayed for six years...

Chancellor to unveil pension fund reform aimed at boosting growth

Chancellor to unveil pension fund reform aimed at boosting growth
Jul 10,2023 11:20 am

... The " Mansion House Reforms" are designed to make the UK the most innovative and competitive Financial Centre in the world, the Treasury said...

UK watchdog plans to shake up stock listing rules

UK watchdog plans to shake up stock listing rules
May 2,2023 11:01 pm

... " We are the largest Financial Centre outside the US but we recognise that companies and investors have a choice and it is important our rule book keeps pace with practices elsewhere whilst still benefiting from the high-quality reputation of our markets, " he said...

UK sandwich chain Pret A Manger launches in India

UK sandwich chain Pret A Manger launches in India
Apr 21,2023 4:30 am

... The opening of the store in the Financial Centre Mumbai on Tuesday was followed by a second outlet in the capital Delhi on Thursday...

Lloyd's of London boss warns UK's financial reputation is dented

Lloyd's of London boss warns UK's financial reputation is dented
Feb 7,2023 10:11 pm

... " He said the UK should not take its position as a global Financial Centre for granted...

UK banking rules face biggest shake-up in more than 30 years

UK banking rules face biggest shake-up in more than 30 years
Dec 8,2022 12:00 pm

... Jurassic Park of companies London s position as the pre-eminent European Financial Centre has been dented in recent years...

Hong Kong handover: What will the next 25 years hold?

Hong Kong handover: What will the next 25 years hold?
Jul 1,2022 8:50 am

... " International or Chinese Financial Centre? Another question is whether Hong Kong can maintain its status as a leading international financial hub...

Covid: Fines issued over No 10 event and EasyJet cancels flights

Covid: Fines issued over No 10 event and EasyJet cancels flights
Apr 4,2022 10:40 am

... It s usually a bustling Financial Centre but this latest round of quarantine could turn out to be particularly costly for the world s second largest economy...

Richard Teng: Who is the new boss of Binance?

Apr 4,2022 8:10 am

By Mariko OiBusiness reporter

The sudden resignation of Changpeng " CZ" Zhao has shocked the crypto world. But who is the New Boss of Binance, Richard Teng?

A native of Singapore, Mr Teng joined The World 's largest crypto exchange just over two years ago as The Ceo of his Home Country .

That was the year when Binance came under a Justice Department investigation, and as regulatory scrutiny of The Company and Mr Zhao intensified, Mr Teng was rapidly climbed the ranks in the background.

He only stayed in his original position as the Singapore CEO for 5 months, before he was promoted to Regional Head of Europe, Asia and the Middle East and North Africa in April 2023.

Mr Teng later moved on to become Head of Regional Markets this May before he was appointed to The Top job on Tuesday - just slightly More Than two years after he was first employed by Binance.

In announcing his successor, a " highly qualified leader" adding that " with over three decades of Financial Services and regulatory experience, he will navigate The Company through its next period of growth".

Prior to joining Binance, Mr Teng worked in the more traditional financial and regulatory sectors as a director of Corporate Finance at the Monetary Authority Of Singapore (MAS) and a chief regulatory officer of the Singapore Exchange (SGX).

He then moved on to the become CEO of the Abu Dhabi Global Market (ADGM), an international Financial Centre in The United Arab Emirates, where he stayed for Six Years . The ADGM regulates the trading of digital assets.

In a statement on Wednesday, Mr Teng said he was honoured to step into The Role , adding that he would Focus On reassuring Binance's 150m users about " the financial strength, security and safety of The Company ".

But his new role will come with its air share of challenges. Retaining customer confidence will be an item on Mr Teng's agenda, with Binance having suffered reputational damage in recent months.

In March, US regulators sought to ban The Company , alleging it had been operating in the country illegally. It was also accused of breaking numerous US financial laws, including rules intended to thwart Money Laundering .

The Justice Department later ordered Binance to pay $4. 3bn (£3. 4bn) in penalties and forfeitures.

Despite this, Mr Teng has reiterated that Binance was " here to stay" adding that company's foundation stands " stronger than ever".

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Source of news: bbc.com

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