Financial centre

A financial centre is a location that is home to a cluster of nationally or internationally significant financial services providers such as banks, investment managers or stock exchanges. A prominent financial centre can be described as an international financial centre or a global financial centre and is often also a global city. An offshore financial centre is typically a smaller, low-tax jurisdiction that primarily serves non-residents.

Background

Financial centres are locations with an agglomeration of participants in financial markets and venues for these activities to take place. Participants can include financial intermediaries (such as banks), institutional investors (such as investment managers), as well as central banks. Trading activity may take place on venues such as exchanges and involve clearing houses, although many transactions take place over-the-counter (OTC), that is directly between participants. Financial centres may host companies that offer advisory services, for example relating to mergers and acquisitions, or which participate in other areas of finance, such as private equity and reinsurance.

Financial Centre (Dubai Metro)

Financial Centre (Arabic: المركز المالي, Arabic pronunciation: [alˈmarkaz almaːliː]) is a rapid transit station on the Red Line of the Dubai Metro in Dubai.

Location

Located southwest of the historic centre of Dubai, Financial Centre station lies between Bur Dubai and many of the city's larger new developments. To the east is the Dubai International Financial Centre, after which the station is named. Nearby residential buildings include The Index and the Park Towers at DIFC, as well as numerous hotels.

History

Financial Centre station opened on 9 September 2009 as part of the initial stretch of the Dubai Metro, with trains running from Rashidiya to Nakheel Harbour and Tower to Deira City Centre and seven other intermediate stations. Other stations on the Red Line opened progressively over 2010 and 2011.

Station layout

Like many other stations on the Red Line, Financial Centre lies on a viaduct paralleling the eastern side of Sheikh Zayed Road. It is classified as a type 2 station, indicating a setup with an elevated concourse and two side platforms with two tracks.

Dubai

Dubai (/duːˈbaɪ/ doo-BY; Arabic: دبي‎ Dubayy, Gulf pronunciation: [dʊˈbɑj]) is the most populous city in the United Arab Emirates (UAE). It is located on the southeast coast of the Persian Gulf and is one of the seven emirates that make up the country. Abu Dhabi and Dubai are the only two emirates to have veto power over critical matters of national importance in the country's legislature. The city of Dubai is located on the emirate's northern coastline and heads up the Dubai-Sharjah-Ajman metropolitan area. Dubai is to host World Expo 2020.

Dubai has emerged as a global city and business hub of the Middle East. It is also a major transport hub for passengers and cargo. By the 1960s Dubai's economy was based on revenues from trade and, to a smaller extent, oil exploration concessions, but oil was not discovered until 1966. Oil revenue first started to flow in 1969. Dubai's oil revenue helped accelerate the early development of the city, but its reserves are limited and production levels are low: today, less than 5% of the emirate's revenue comes from oil. The emirate's Western-style model of business drives its economy with the main revenues now coming from tourism, aviation, real estate, and financial services. Dubai has recently attracted world attention through many innovative large construction projects and sports events. The city has become iconic for its skyscrapers and high-rise buildings, in particular the world's tallest building, the Burj Khalifa. Dubai has been criticised for human rights violations concerning the city's largely South Asian workforce. Dubai's property market experienced a major deterioration in 2008–09 following the financial crisis of 2007–08, but the emirate's economy has made a return to growth, with a projected 2015 budget surplus.

Dubai (disambiguation)

Dubai is a major city and one of the seven emirates of the United Arab Emirates.

Dubai may also refer to:

See also

Shawn Daivari

Dara Daivari (born April 30, 1984) is an American professional wrestler currently performing on the independent circuit as Shawn Daivari. He is best known for his work with World Wrestling Entertainment (WWE) as simply Daivari and with Total Nonstop Action Wrestling (TNA) as Sheik Abdul Bashir.

Professional wrestling career

Early career

Daivari grew up admiring Mick Foley and Bret Hart. His childhood hero was Shawn Michaels. He participated in his first professional wrestling match at age 15. He started his career in the upper midwest independent scene. He is known for representing Iran for international title matches

On October 19, 1998, Daivari appeared on Nitro as a fan being interviewed by Mike Tenay.

He appeared on the February 26, 2003 episode of Explosion and wrestled a tag team match against Mike Sanders and Glenn Gilberti with Ken Anderson. He also appeared on the October 5, 2003 episode of Sunday Night Heat as Shawn Daivari, losing his match against Tommy Dreamer. He also made four appearances for independent promotion Ring of Honor (ROH) between April and July 2004.