The Dubai International Financial Centre has joined the World Alliance of International Financial Centres. They were established in July 2018 in a meeting for the leaders of the international financial leaders in Paris. It represents 19 financial centres worldwide and works to enhance the positions of its members. The Dubai International Financial Centre said it will utilise its membership to cooperate with other financial centres. The Centre also said it will focus on the promotion of companies’ governance and sustainable development and the application of new innovations.