Tag: dubai

Categories
-Top News Dubai Economy

‘Dubai at frontier of leading financial markets’

Innovative initiatives and partnerships along with a series of regulatory reforms have placed the financial markets industry in Dubai at the frontier of global financial centres…reports Asian Lite News

Innovative initiatives and partnerships along with a series of regulatory reforms have placed the financial markets industry in Dubai at the frontier of global financial centres, showed an analysis of the financial markets in the emirate conducted by the Dubai Competitiveness Office (DCO) in Dubai Economy.

Citing the example of the Dubai International Financial Centre (DIFC), which has consistently ranked amongst the top 15 global financial centres in the last five years, and innovative trends visible in Dubai, the analysis reveals that the financial market ecosystem in the emirate is well-positioned to enable capital flows, business growth, and economic development.

The analysis, summarised in the 3rd Volume of the Policy Briefs Series of DCO, seeks to provide a structured and systematic assessment of the competitiveness of the financial markets in Dubai with specific focus on four dimensions: financial market efficiency, financial market regulation, financial management, and financial centres.

“Financial markets have a key role in supporting competitiveness of a society. The progressive vision of the leadership in Dubai as well as the far-reaching initiatives and policy reforms being introduced progressively has enabled Dubai’s financial markets industry to achieve a formidable position globally,” said Hani Al Hamli, DCO Manager.

ALSO READ: With Expo, Dubai Economy to Grow 3.4% in 2022

An analysis of international indicators, from reports such as the World Economic Forum Global Competitiveness Index, and IMD World Competitiveness Yearbook, shows that Dubai has achieved the 11th rank in the Stock Market Index, 13th in Protecting Minority Investors, and 19th in Mergers & Acquisition Activity, globally. The progress and performance of Dubai on global indices reflect the focus of the leadership on financial sector development, innovation, and strategic partnerships as well as collaborations.

The superior performance of DIFC, which was ranked 12th among the financial centres worldwide in March 2020, can be attributed to its robust business environment, and strategic focus on talent development, reputational advantage, and financial sector development.

Key regulators including the Dubai Financial Market, Dubai Financial Services Authority, and the UAE Central Bank have implemented a series of reforms to be aligned with the best globally.

With Dubai’s vision to grow the Islamic economy, Nasdaq Dubai has now emerged as the global sukuk capital of the world, boasting the highest value of listed sukuks amongst all the leading Islamic capital centres of the world.

The policy paper covers key innovative trends in financial technology (FinTech) that are shaping financial market models in Dubai. Dubai has led the way in supporting innovative FinTech trends, as evident in the establishment of the FinTech Hive, the first and largest financial technology accelerator in the Middle East, Africa and South Asia region, located within DIFC.

“Dubai has proactively promoted technology adoption across all walks of life as part of enhancing competitiveness and future-readiness,” said Al Hamli. “The emphasis on futuristic FinTech trends is also supporting the efforts of Dubai to harness digital innovations, such as blockchain, mobile banking, e-Commerce, and peer-to-peer lending, to accelerate the smart transformation of its economy and society.”

Categories
-Top News Dubai UAE News

Emirates to roll out IATA Travel Pass across six continents

Currently available to Emirates customers travelling from 50 cities, the roll-out across all 120+ Emirates destinations is expected to be completed by October…reports Asian Lite News

Emirates is the first airline to implement the International Air Transport Association’s (IATA) Travel Pass solution on six continents as it rolls out this digital health pass to customers at all its destinations.

Following successful trials in April on select routes from its Dubai hub, Emirates gradually expanded the IATA Travel Pass pilot to customers on 12 routes in June and the airline has now signed a contract with IATA to implement the solution across its global network.

Currently available to Emirates customers travelling from 50 cities, the roll-out across all 120+ Emirates destinations is expected to be completed by October.

ALSO READ:Bookings open for Emirates Pavilion at Expo 2020 Dubai

Adel Al Redha, Emirates’ Chief Operating Officer, said, “Emirates continues to invest in technology and solutions, like IATA Travel Pass, so that we can deliver smooth journeys and contactless experiences for our customers while enabling our airport teams to handle document checks efficiently and in compliance with regulatory requirements.”

In turn, Nick Careen, IATA Senior Vice President Operations, Safety and Security, commented, “Emirates’ implementation of IATA Travel Pass across its global network cements its role as a key tool in managing the complex myriad of health credentials required for travel. By providing passengers with a one-stop-shop to demystify, manage and process these credentials through a secure automated process, they can arrive at the airport ready-to-fly using automated processes. This will avoid queuing and congestion for document checks – to the benefit of travelers, airlines, airports and governments.”

Key features of the IATA Travel Pass; repository of the latest travel requirements: it enables passengers to find accurate information on travel, testing, and vaccine requirements for their journey; and registry of testing centres: it enables passengers to access certified COVID-19 testing centres at their departure location which meet the requirements of their destination.

It also include digital documentation: the app allows passengers to manage their travel documentation digitally. From receiving test results and vaccination certificates directly from authorised labs and test centres, to conveniently and securely sharing these documents with authorities and airlines to facilitate travel.

Travellers today can access over 1,500 COVID-19 test labs via the IATA Travel Pass app, and this number continues to grow.

Categories
-Top News India News UAE News

UAE Targets $100B Trade With India Within 5 Years

UAE Targets $100B Trade With India Within 5 Years

The ministers have launched India – United Arab Emirates Comprehensive Economic Partnership Agreement (CEPA), reports Asian Lite News

United Arab Emirates and India have commenced negotiations for a Comprehensive Economic Partnership Agreement (CEPA).

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has led an official delegation to New Delhi to launch talks on expanding trade and investment relations.

During the official economic mission, Dr. Al Zeyoudi and Shri Piyush Goyal, India’s Minister of Commerce and Industry, jointly established the India – United Arab Emirates Comprehensive Economic Partnership Agreement.

UAE Targets $100B Trade With India Within 5 Years

It will enhance ties, deepen economic and investment opportunities, and mark a new phase of strategic cooperation between the two countries. In international trade parlance, a CEPA is an economic pact between countries which is used to reduce tariffs.

In 2017, both the countries had signed a Comprehensive Strategic Partnership.

It is the second CEPA deal that Dr. Al Zeyoudi has commenced talks on this month, following negotiations with Indonesia, as the UAE accelerates its global trade agenda. The value of the UAE’s non-oil trade with India may rise from pre-pandemic levels of $40 billion to over $100 billion within five years of the agreement being signed.

“The UAE is moving quickly to establish new strategic agreements to expand our market access and use trade as a key pillar in a new era of economic cooperation,” Dr. Al Zeyoudi said.

ALSO READ: UAE to celebrate 91st Saudi National Day

“Trading routes have existed between India and our region for centuries. The CEPA builds on these historic ties by laying the foundation for a mutually beneficial partnership that creates new jobs, promotes foreign direct investment, empowers entrepreneurs, attracts talent and accelerates our knowledge-driven economies. It will strengthen our position as a global gateway to Africa, Asia and Europe, driving economic growth and prosperity across the region.”

Dr. Ahmed AlBanna, UAE Ambassador to India, added: “The Comprehensive Economic Partnership Agreement between our two countries comes at a very crucial time as we brace ourselves and set economic priorities for the post-pandemic era. Now is the time for the UAE and India to work together and take coordinated actions to achieve our ambitious bilateral trade target of $100 billion. Besides trade, we are keen to augment investment flows and lead the world by example.”

The UAE is currently India’s third-largest trading partner with bilateral trade in 2019-2020 valued at $59 billion. It is also India’s second-largest export destination after the US, with exports valued at approximately $29 billion in 2019-2020. Additionally, India was the UAE’s second-largest trading partner in 2019, with bilateral non-oil trade valued at $41 billion.

In addition, the UAE is the eighth-largest investor in India, having invested $11 billion between April 2000 and March 2021, while investment by Indian companies in the UAE is estimated to be over $85 billion.

https://asianlite.com/2021/top-news/uae-to-celebrate-91st-saudi-national-day/

As part of Dr. Al Zeyoudi’s visit to New Delhi, he also met with Jyotiraditya Scindia, India’s Minister of Civil Aviation, as well as Ashwini Vaishnaw, Minister of Electronics and Information Technology.

Recent years have also witnessed several major foreign direct investment partnerships. In June 2020, for example, Mubadala invested $1.2 billion in India’s telecommunications provider Jio Platforms. While in 2019, UAE entities committed $7 billion to create a food corridor between the UAE and India to provide a stable market for farmers in Punjab, Madhya Pradesh, Uttar Pradesh and Gujarat. Meanwhile, India’s Reliance recently announced an investment of $2 billion in Abu Dhabi’s TA’ZIZ Industrial Chemical Zone.

Trade underpins the UAE’s bold economic path for the next five decades and falls under the umbrella of the country’s Projects of the 50 agenda – a comprehensive roadmap designed to double the economy, enhance global competitiveness, attract foreign direct investment and enhance its position as an attractive hub for talent and investors.

Categories
India News News UAE News

UAE Targets $100b trade with India within 5 years

UAE Targets $100b trade with India within 5 years

India is now the UAE’s second-largest trading partner, accounting for nine per cent of the UAE’s total foreign trade and 13 per cent of non-oil exports…reports Asian Lite News

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has led an official delegation to New Delhi to launch talks on expanding trade and investment relations.

During the official economic mission, Dr. Al Zeyoudi and Shri Piyush Goyal, India’s Minister of Commerce and Industry, jointly established the India – United Arab Emirates Comprehensive Economic Partnership Agreement (CEPA). It will enhance ties, deepen economic and investment opportunities, and mark a new phase of strategic cooperation between the two countries.

UAE Targets $100b trade with India within 5 years

It is the second CEPA deal that Dr. Al Zeyoudi has commenced talks on this month, following negotiations with Indonesia, as the UAE accelerates its global trade agenda. The value of the UAE’s non-oil trade with India may rise from pre-pandemic levels of $40 billion to over $100 billion within five years of the agreement being signed.

“The UAE is moving quickly to establish new strategic agreements to expand our market access and use trade as a key pillar in a new era of economic cooperation,” Dr. Al Zeyoudi said.

DR. AL ZEYOUDI: “Trading routes have existed between India and our region for centuries. The CEPA builds on these historic ties by laying the foundation for a mutually beneficial partnership that creates new jobs, promotes foreign direct investment, empowers entrepreneurs, attracts talent and accelerates our knowledge-driven economies. It will strengthen our position as a global gateway to Africa, Asia and Europe, driving economic growth and prosperity across the region.”

DR. AHMED ALBANNA, UAE AMBASSADOR, INDIA: “The Comprehensive Economic Partnership Agreement between our two countries comes at a very crucial time as we brace ourselves and set economic priorities for the post-pandemic era. Now is the time for the UAE and India to work together and take coordinated actions to achieve our ambitious bilateral trade target of $100 billion. Besides trade, we are keen to augment investment flows and lead the world by example.”

India and the UAE enjoy a longstanding, mutually beneficial relationship, anchored on close cultural ties and a shared commitment to promote economic development and human prosperity. As part of Dr. Al Zeyoudi’s visit to New Delhi, he also met with Shri Jyotiraditya Scindia, India’s Minister of Civil Aviation, as well as Shri Ashwini Vaishnaw, India’s Honourable Minister of Electronics and Information Technology.

ALSO READ: UAE lauded for its digital transformation programmes

India is now the UAE’s second-largest trading partner, accounting for nine per cent of the UAE’s total foreign trade and 13 per cent of non-oil exports. During the first half of 2021, bilateral trade reached $21 billion – a growth rate of more than 70 per cent when compared to the first six months of last year.

UAE Targets $100b trade with India within 5 years

Recent years have also witnessed several major foreign direct investment partnerships. In June 2020, for example, Mubadala invested $1.2 billion in India’s telecommunications provider Jio Platforms. While in 2019, UAE entities committed $7 billion to create a food corridor between the UAE and India to provide a stable market for farmers in Punjab, Madhya Pradesh, Uttar Pradesh and Gujarat. Meanwhile, India’s Reliance recently announced an investment of $2 billion in Abu Dhabi’s TA’ZIZ Industrial Chemical Zone.

Trade underpins the UAE’s bold economic path for the next five decades and falls under the umbrella of the country’s Projects of the 50 agenda – a comprehensive roadmap designed to double the economy, enhance global competitiveness, attract foreign direct investment and enhance its position as an attractive hub for talent and investors.

Categories
Arab News Dubai EXPO 2020

Start Something Priceless with Mastercard at Expo 2020 Dubai

The Priceless Cube Visual

Mastercard premieres its global-first immersive, multi-sensory Cube that will connect visitors to their passions and bring emerging payment technologies to life…reports Asian Lite News

As the world looks to the UAE for the opening of Expo 2020 Dubai on 01 October 2021, Mastercard has shared a glimpse into the spectacular line-up of Priceless possibilities visitors can expect at the biggest event ever to be hosted in the Arab world. As the Official Payment Technology Partner of Expo 2020 Dubai, the global technology company will connect people to their passions, provide a glimpse into a future powered by digital transformation, and share its industry-leading insights during the six-month period.

MC x Expo 2020 Dubai PPC_EN

KHALID ELGIBALI, DIVISION PRESIDENT, MENA, MASTERCARD: “With one of the world’s biggest economic and cultural milestones fast approaching, Mastercard is geared to welcome people from across the globe and connect them to unforgettable experiences filled with Priceless possibilities. Together with Expo 2020 Dubai, we have curated a journey that will excite, inspire and mobilize millions of visitors. Together, we will Start Something Priceless.”

Unveiling the Mastercard Cube

Mastercard will connect guests to their passions through the introduction of its Mastercard Cube. The installation will immerse visitors in a range of multi-sensory experiences as they embark on Priceless journeys tailored to their passion, including sport, food and music, plus being a ‘force for good’.

At the Cube, visitors will be wowed by mixed reality content that brings to life the next era of innovation, as Mastercard demonstrates how the power of payment technology will be harnessed to make life safer, easier and more connected for all.

ALSO READ: MasterCard with an initiative to contribute to our #PricelessPlanet

Building a Greener Planet

Building on its global sustainability efforts, Mastercard will reveal an installation dedicated to its Priceless Planet Coalition, which aims to plant 100 million trees worldwide over five years. The innovative concept, led by Mastercard and joined by Expo 2020 Dubai, will invite visitors to learn more about Mastercard’s efforts in bringing together governments, businesses and consumers in combatting the effects of climate change, offering them an opportunity to become part of the network and contribute towards a greener future.

Expo visitors can also help contribute to a greener future by donating to Mastercard’s Priceless Planet Coalition upon checkout as an add-on feature as they purchase their tickets to the mega event.

MC Expo Campaign

Advancing Gender Equality

Supporting Expo 2020 Dubai’s commitment to create a more equitable future, Mastercard will harness the platform to advance its efforts in driving gender equality around the world. The technology leader will be working closely with Expo 2020 Dubai to host a range of activities at the Women’s Pavilion to celebrate the successes of women leaders and offer a platform for female voices that will culminate in a legacy project to be jointly launched early next year.

Empowering Small Businesses

Mastercard will also be bringing together the region’s small business community with a series of on-ground and virtual workshops to empower, enable and connect thousands of businesses and entrepreneurs. The series will build on Mastercard’s ongoing efforts to support small businesses, helping them go digital and grow in an increasingly digital world.

Looking to the Next 50
Mastercard is fully committed to supporting Expo 2020 Dubai’s diverse range of knowledge-sharing initiatives and will be welcoming senior executives from across the globe to offer valuable insights and expertise to Expo’s audiences.

For 35 years, Mastercard has been fostering strategic public-private-partnerships in the UAE to drive economic progress and realize a digital economy. As the UAE marks its Golden Jubilee, Mastercard invites all visitors to discover a seamless world – one without borders – using the power of technology to leaves a positive legacy for humanity and the planet.

Categories
Business News UAE News

Union Coop launches a marketing campaign through Smart App

Union Coop launches a marketing campaign through Smart App

Union Coop announced a promotional campaign through its Smart App, with more than AED 3 Million allocated to it…reports Asian Lite News

Union Coop, the largest consumer cooperative in the UAE, announced a promotional campaign through its Smart App that will continue till 15th October, with more than AED 3 Million allocated to it, including offers, discounts, competitions, gifts and raffle draws on smartphones and a luxury car under the title “More of Everything”. Within its strategic objectives and its constant keenness to launch community campaigns and initiatives that delight consumers, meet their requirements, and provide them with high-quality products at competitive prices.

Union Coop launches a marketing campaign through Smart App

In detail, Dr. Suhail Al Bastaki, Director of Happiness and Marketing Department at Union Coop, revealed that Union Coop launched a new unique campaign through its Smart App as a part of its annual promotional campaigns, where more than AED 3 Million were allocated to it, pointing out that the users of the smart app will also be given a chance to win a Lexus IS300 and iPhone 12, within weekly raffle draws and one at the end of the campaign in line with its social responsibility.

He stated that the participatory community competition aims to promote a conscious and sustainable lifestyle with the use of the Union Coop smart app for all members of society in the UAE, as the competition is part of the “More of Everything” campaign that was launched on September 15 and will continue until October 15.

ALSO READ: Investor Lauds ‘business-friendly UAE’

He added that the campaign and competition will encourage individuals to download the Union Coop smart app, embed a smart and sustainable lifestyle in the hearts of users by making purchases using the Union Coop smart app and making a positive impact in the retail world, in addition to urging community groups to use the innovative services and features available such as the delivery, receiving and exchange options, in addition to benefiting from the promotional offers, valuable discounts, tips and instructions provided by Union Coop through its App to help them choose products and goods of high value and quality.

Union Coop

And he indicated that Union Coop offers opportunities to participate in the competition by downloading the Union Coop Smart application on the mobile phone and shopping for AED 100 or more through the application for a chance to enter the electronic draw to win a Lexus IS300 and an iPhone 12, and many valuable prizes, noting that the delivery service upon purchase from the smart application covers the entire city of Dubai, Sharjah and selected areas in the Emirate of Ajman.

He added that a weekly draw will be held for iPhone 12 and at the end of the promotional offer for Lexus IS300, and the winner will be notified on the phone number or email provided through the subscriber’s smart application, and therefore it must be ensured that the mobile phone numbers are provided correctly and clearly with the country code if the participant is outside the UAE, and upon winning the winner is required to bring the raffle voucher / electronic notification and identification papers (copy of passport or ID card) to receive the prize.

Categories
Dubai Education Nepal

Dubai cares builds a school in Nepal

Dubai cares builds a school in Nepal

Idealz, In Partnership with Dubai Cares, Completes First School in Nepal as Part of Ongoing School-Building Program…reports Asian Lite News

In 2018, Idealz launched its school-building program in collaboration with Dubai Cares, where together the e-commerce platform and organization joined forces to build and operate a fleet of schools in lesser-developed countries with limited access to quality education. Today, as part of that program, the entities announced the official opening of the very first school in Nepal since the start of their project. The partnership was founded on the beliefs of Founder, Jad Toubayly, that education is the key to improving one’s quality of life, and this belief has been ingrained in the very foundation of Idealz’ business model.

Dubai cares builds a school in Nepal

The launch of the first school in the ongoing school-building project is situated within the rural town of Naukhari and will accommodate up to 321 students for the upcoming school year. Nepal has an average literacy rate of 50%, and in rural villages such as Naukhari, which is mostly made up of subsistence farmers who breed livestock and grow crops for a living, there is an average literacy rate of 20%. With the help of Idealz and Dubai Cares’ school-building program, children in Nepal will be handed opportunities to further grow their educational experience and be introduced to quality education within a comfortable school ground.

To date, Idealz has allocated substantial funding towards the building of schools for disadvantaged children around the world, with further projects in Cambodia, Malawi, and Senegal. Undertaking to build six to twelve schools per year in each country from Dubai Cares’ list, Idealz aims to lead by example and pave the way for companies to further contribute to social responsibility.

ALSO READ: UAE Eases Face Mask Rules

Since its inception, Idealz has set out to battle the disparity of lack of education in lesser-developed countries head-on and has augmented its offering by allowing customers to be the change they want to see in the world. With the global youth literacy rate increasing from 83 per cent to 91 per cent over the last two decades, regional disparities persist. Literacy is lowest in the lesser-developed countries with over 100 million of the global youth left with no access to quality primary education. With a mission to tackle this, Idealz has an added feature that provides customers with the option to donate the products they purchase to charity in return for an additional complimentary ticket to the prize draw, thus doubling their chances of winning. Idealz then aggregates the products that are donated by customers and offers them to Dubai Cares, a UAE-based philanthropic organization the e-commerce platform has partnered with, where a buy back is done at the option of the organization, in exchange for cash to fund the building of schools and other such projects. With each purchase allowing customers to contribute to the building of schools in lesser-developed countries, Idealz places social responsibility at the core of its value proposition.

“We are ecstatic to announce the opening of our school in Nepal from our school-building program. This is an opportunity that most children living under these circumstances only dream of, and in partnership with Dubai Cares we are able to provide youth with access to quality education and hope for a better future.” explained Idealz Founder, Jad Toubayly.

Idealz launched its platform with the goal of transforming the online shopping experience for its customers. In doing this, Idealz inverted the shopping formula by incentivizing sales through sizable value-added propositions where the company sells its products in limited quantity campaigns, and customers receive complimentary tickets into specified prize draws with every purchase.

To ensure transparency and integrity, all Idealz draws are regulated by the Business Registration & Licensing Division of Dubai Economy or the Raffle Department of Dubai Festivals and Retail Establishment. Additionally, the company’s donations to Dubai Cares and activities are approved and moderated by the Islamic Affairs and Charitable Activities Department (IACAD).

Categories
-Top News Dubai UAE News

MBRSC launches Emirates Space Art Programme

ESAP will serve as a platform to bring together a wide stratum of the creative community into the National Space Programme…reports Asian Lite News

In collaboration with Jsoor, the Mohammed Bin Rashid Space Centre (MBRSC) on Wednesday launched the Emirates Space Art Programme (ESAP), to document, capture, and share the emotions of the UAE’s historical advances into space through the culture and creative industries.

ESAP will serve as a platform to bring together a wide stratum of the creative community into the National Space Programme to present the UAE’s journey of space exploration in a new light through artworks and other creative mediums.

Salem AlMarri, Asisstant Director-General, MBRSC, said, “With the UAE’s rapid growth and achievements in the space sector, now is a great time to explore the artistic representations of our journey through a range of artistic styles, mediums and techniques. This will not only enable us to reach a wider global audience but also speak in a language that is universally recognised and accepted.”

He added, “Through the works of artists, we will be able to witness the varied interpretation of our nation’s growing achievements in space. These artworks can be used to tell a story that will have great value for future generations and will also significantly contribute to the enrichment of Emirati art.”

ALSO READ: Emirates to create 3,500 more jobs

MBRSC has signed a strategic partnership with Jsoor, a locally based private social enterprise that aims to contribute to the growth of the culture and creative industry in the UAE, to implement the programme. The partnership covers strategy and programme development and customisation as well as its oversight.

Omar Al Shunnar, Founder of Jsoor, said, “We are very honoured and pleased to be working with MBRSC on this first-of-a-kind innovative programme that aims to celebrate the accomplishments of the nation through the culture and creative industries”.

Omar added, “To ensure alignment of ESAP with the aspirations of the leadership and the objectives of the UAE and the creative community, we will continually engage key public and private stakeholders within the local culture and creative industries’ community to ensure that the programme is comprehensive and inclusive in delivering its mandate.”

By enriching connections between science, art and the community whilst celebrating the achievements of the UAE in space, the Emirates Space Art Programme will foster continued conversation and engagement around the National Space Programme.

Categories
-Top News Dubai EXPO 2020

tripXOXO made an authorised ticketing partner for Expo

Expo 2020 Dubai

Expo 2020 Dubai and tripXOXO have signed an agreement appointing tripXOXO as an authorised ticketing partner for this much-anticipated global mega-event…reports Asian Lite News

Expo 2020 Dubai begins on October 1, 2021, and continues for 182 days until March 31, 2022.

Hailed as the most diverse World Expo in history, Expo 2020 will have something for every visitor, including exceptional entertainment and culinary experiences, innovation, architecture and culture, as well as presenting the world’s most impactful global incubator for new ideas,while offering a powerful launch pad for businesses.

Official tickets can be purchased on www.tripxoxo.com/dubai-expo/ starting 01st Aug, 2021.

Heena Javed Akhtar, Co-Founder of tripXOXO said, “Expo 2020 Dubai is a fantastic global event and offers something for everyone. With Dubai being a popular destination for Indians, we anticipate Indian business travelers, vacationers and students taking advantage of this once-in-a-lifetime opportunity to experience the whole world in one place and to experience the beacon of hope that Expo 2020 offers for a better future for all. There is something for everyone to engage with and enrich their curious minds. The six-month duration gives ample opportunity for people to plan their visit and we are here to assist them to get the most out of the experience.”

ALSO READ: Bookings open for Emirates Pavilion at Expo 2020 Dubai

This story is provided by SRV Media. ANI will not be responsible in any way for the content of this article. (ANI/SRV Media)

Categories
-Top News Dubai EXPO 2020

CBUAE to host Future of Finance conference during Expo

CBUAE

The Central Bank of the UAE has announced that it will host the “Future of Finance” conference on 13th and 14th October 2021, as part of the upcoming Expo 2020 Dubai…reports Asian Lite News

Aligned with Expo’s theme ‘Connecting Minds and Creating the Future’, the conference will address trends shaping the financial sector by facilitating the exchange of knowledge on the global challenges and opportunities facing the financial industry.

It will feature panel discussions focusing on the effect of digital transformation, greening the financial system, co-operation between leading central banks on payments and central bank digital currencies, and Islamic finance.

Expo 2020 Dubai

The conference will include central bank governors, public sector representatives, industry leaders, and heads of financial and technology institutions from around the world.

Participating speakers from the UAE include Abdullah bin Touq Al Marri, Minister of Economy; Ahmed Ali Al Sayegh, Minister of State and Chairman of Abu Dhabi Global Market; Khaled Mohamed Balama, Governor of CBUAE; Abdul Aziz Al Ghurair, Chairman of UAE Banks Federation and Chairman of Mashreq Group; Sheikh Abdullah bin Bayyah, Chairman of the UAE Fatwa Council; Younis Al Khouri, Under-Secretary of the Ministry of Finance; and Aisha Al Abdooli, Acting Assistant Under-Secretary for the Green Development and Climate Change Sector.

ALSO READ: Expo 2020 launches official song ‘This Is Our Time’

While international speakers include Dr. Fahad Ibrahim Alshathri, Deputy Governor for Supervision at the Saudi Central Bank; Benoit Coeure, Head of Bank of International Settlement Innovation Hub; and Chung- Chun Mu, Director General of Digital Currency Research Institute at People’s Bank of China.

CBUAE

Commenting on the conference, Balama said, “Against the backdrop of the UAE’s fifty-year anniversary, as we look towards another five decades of growth and prosperity, the Future of Finance conference comes at an opportune juncture to discuss the trends shaping the financial landscape in the post COVID-19 period.”

“CBUAE takes great pride in participating in Expo 2020 Dubai. We look forward to hosting this conference and gathering an exceptional line-up of industry leaders to power CBUAE’s engagement with its key stakeholders and reinforce the UAE’s position among the proactive countries in innovative financial concepts and robust regulatory oversight,” he added.