The IBA, headquartered in London, England, has opened the new office as part of its global strategy of expanding its network of international offices to serve regions more fully and broaden contact with its members.
Fernando Pombo, IBA President, in Dubai for the opening, said, 'It is important to me that the IBA is accessible and geographically close to its members. The physical presence of an IBA office in the Middle East will enable us to better respond to the needs of our members there. We recently hosted the Islamic Finance in the Middle East conference in Dubai and, in time, will develop and deliver other tailored programmes like this which specifically address issues unique to the region.'
The IBA Middle East Office is based at the heart of the Middle East's business and financial community in the DIFC, the world's fastest growing international financial centre.
Nasser Al Shaali, CEO, DIFC Authority says, 'We are committed to offering a hub of business excellence and the establishment of the IBA within the DIFC is in line with this strategy. The IBA is a world leading organisation and I am certain that legal practices within the DIFC and the rest of the region will see real benefits. Beyond the individual legal practices the IBA will play a significant role in developing the region's legal framework with its invaluable knowledge of international best practice.'
Faten Hani, CEO, DIFC Centre of Excellence says, 'The fact that the IBA is setting up an office within the DIFC is testament that the region has grown into a major financial centre and a unique jurisdiction. This is a major endorsement of the significance of legal practices within the Middle East and will be invaluable to the sector's growth in the region. The DIFC Centre of Excellence has attracted a number of high profile organisations within the professional services industry. The IBA is a welcome addition and truly strengthens our offering as a world class centre for education.'
Mark Ellis, IBA Executive Director comments, 'The opening of the Middle East office represents the culmination of several years of research and planning. It also represents a major investment by the IBA in the Middle East. It is essential for the IBA, as the global voice of the legal profession, to be engaged with regional developments around the globe. The new IBA Middle East Office in the prominent location of Dubai provides the IBA with the excellent advantage of being in close proximity to the leaders of the regional business community throughout the Middle East. This will be of enormous benefit to the IBA in delivering programmes throughout the region with greater clarity and understanding.'
The IBA will hold its annual conference in Dubai in 2011. This will be the first time in the Association's history that the IBA Annual Conference will be held in the Middle East.
Erin Callahan, IBA Deputy Director, is responsible for establishing and overseeing the operations of the IBA Middle East Office. The official opening date was Monday, 14 January 2008.
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IBA Middle East Office opens in DIFC
- United Arab Emirates: Tuesday, January 22 - 2008 at 14:55
- PRESS RELEASE
Today, the International Bar Association (IBA), in partnership with the Dubai International Financial Centre (DIFC), announces the opening of its Middle East Office in Dubai, United Arab Emirates.
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Notes and media contacts
Please direct media enquiries to:Romana St Matthew - Daniel
Press Office
International Bar Association
10th Floor
1 Stephen Street
London W1T 1AT
United Kingdom
Direct Line: +44 (0)20 7691 6837
Main Office: + 44 (0)20 7691 6868
Mobile: +44 (0)7940 731915
Fax: + 44 (0)20 7691 6544
Website: www.ibanet.org
Amira Abdulla
Public Relations Manager
Dubai International Financial Centre
Level 14, The Gate
P.O. Box 74777
Dubai
UAE
Tel: +971 4 362 2433
Fax: +971 4 362 2236
The IBA also has a Latin America regional office situated in Sao Paulo, Brazil, as well as an office in The Hague, supporting the IBA's ICC monitoring and outreach programmes, and an office in Johannesburg in the form of the Southern Africa Litigation Centre which provides ongoing expert support, resources and training to lawyers taking cases that advance human rights, the rule of law, public interest and constitutional issues in the region.
Islamic Finance in the Middle East Conference
13-15 January 2008
Sheraton Dubai Creek Hotel and Towers
Dubai, UAE
Topics to be covered include: derivatives and Sharia complications; securisation and Sharia compliance; Islamic financing techniques underpinning sukuk structures; GCC laws V Sharia law; Sharia requirement in Islamic banking; and Islamic banking techniques and their conformity with the Sharia.
About the International Bar Association
- the global voice of the legal profession
The International Bar Association (IBA), established in 1947, is the world's leading organisation of international legal practitioners, bar associations and law societies. The IBA influences the development of international law reform and shapes the future of the legal profession throughout the world. It has a membership reach of 30,000 individual lawyers and more than 195 bar associations and law societies spanning all continents.
Grouped into two divisions - the Legal Practice Division and the Public and Professional Interest Division - the IBA covers all practice areas and professional interests, providing members with access to leading experts and up-to-date information. Through the various committees of the divisions, the IBA enables an interchange of information and views as to laws, practices and professional responsibilities relating to the practice of law around the globe. Additionally, the IBA's high-quality publications and world-class conferences provide unrivalled professional development and network-building opportunities for international legal practitioners and professional associates.
Contact information:
International Bar Association
10th Floor
1 Stephen Street
London W1T 1AT
United Kingdom
tel: +44 (0)20 7691 6868
fax: +44 (0)20 7691 6544
About the Dubai International Financial Centre
The Dubai International Financial Centre (DIFC) is an onshore hub for global finance. It bridges the time gap between the financial centres of Hong Kong and London and services a region with the largest untapped emerging market for financial services.
In just three years, over 500 firms have registered at the DIFC. They operate in an open environment complemented with world-class regulations and standards. The DIFC offers its member institutions incentives such as 100 per cent foreign ownership, zero tax on income and profits and no restrictions on foreign exchange. In addition their business benefits from modern infrastructure, operational support and business continuity facilities of uncompromisingly high standards.
Posted by Medilyn Manibo, Assistant News EditorTuesday, January 22 - 2008 at 14:55 UAE local time (GMT+4)
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