Bloomberg, the financial services leader, has opened its 10th global hub in Dubai.

Located in the Dubai International Finance Centre (DIFC), this global hub will support regional customers of the growing Bloomberg Professional service, which is used by more than 300,000 of the world's leading business and financial professionals.

The Dubai hub will house Bloomberg's expanding news operations and will provide support and development resources for Bloomberg's recently launched Islamic Finance platform (ISLM), a comprehensive solution that increases transparency and provides analytical tools to maximise investment performance in the growing Shariah finance market.

“The Middle East and the UAE have long demonstrated an impressive rate of growth and a significant market opportunity for Bloomberg, and we have continued to invest in the region,” said Peter Grauer, chairman of Bloomberg.

“Our expanded reporting team in the Gulf region is providing the market-moving news that our customers now expect from Bloomberg,” added Tim Quinson, Bloomberg News executive editor for Europe, Middle East and Africa.
 
Bloomberg News first began covering the region with a single desk in Dubai in the 1990s. Today, Bloomberg has bureaus in eight cities across the region, delivering breaking news on companies, markets, economies and politics to its growing audience worldwide.-TradeArabia News Service