Industry development DIFC introduced and updated laws and regulations to reflect global best practices and distinguish itself as the leading financial centre in the MEASA region. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, enacted the new Leasing Law and the new Data Protection Law in January and June 2020, respectively. The new Leasing Law provided further protection to property owners and tenants, aligning the Centre's legal and regulatory framework with best practice and international standards. The new Data Protection Law brought the previous DIFC Data Protection regime in line with the EU's General Data Protection Regulation (GDPR) principles, a first for the region, reflecting the DIFC's commitment to data security, information protection and cyber resilience.