Dubai Investment Group (DIG) CEO Soud Ba’alawy recently announced the launch of “Dubai Financial (DF)” as its flagship financial services vehicle. DF will operate as a subsidiary of Dubai Investment Group, the global financial investor of Dubai Holding. “DIG has been able to prove its strong presence in the global investment arena through the establishment of a world-class investment portfolio combining sector and geographic diversity with attractive growth potential,” Ba’alawy said. “We’re confident that the launch of DF will contribute to and reinforce the group’s developing position, particularly since the financial services sector is witnessing record growth rates both regionally and internationally,” The launch of the new company comes at an “ideal Time” when the Middle East and Asian economies are expected to grow in excess of six percent annually. This is a very “positive forecast and an ideal environment” for the development and prosperity of the financial services industry and all other related services.”